FINANCIAL HEALTH OF INSURANCE AND REINSURANCE COMPANIES RE-REGULATED
To improve the Indonesian insurance industry and to protect insured persons from financially unhealthy insurers, the Minister of Finance (“MOF”) on 1 January 2013 issued MOF Regulation No. 53/PMK.010/2012 on the Financial Health of Insurance and Reinsurance Companies (“Regulation 53”)
Download read moreMINIMUM WAGE FOR DKI JAKARTA PROVINCE AND THE DELAY
A significant increase in the Minimum Wage in DKI Jakarta province become effective as of 1 January 2013
Download read moreLIMITATION ON FRANCHISE OUTLETS OWNERSHIP
Further to the issuance of Regulation No. 53/M-DAG.PER/8/2012 on Organizing a Franchise Business, the Ministry of Trade issued Regulation No. 68/MM-DAG/PER/10/2012 on Retail Shop Business Franchises (“Regulation No. 68”)
Download read moreMINISTRY OF TRADE GRANTS EXTENSION OF TIME TO APPLY FOR NEW API
On 27 December 2012, the Minister of Trade (MOT) amended for a second time MOT Regulation No. 27/M-DAG/PER/5/2012 on the Provisions on Importer Identification Numbers (“Regulation 27”), previously amended by MOT Regulation No. 59/M-DAG/PER/9/2012)
Download read moreFOLLOWING BP MIGAS BEING DISBANDED, THE GOVERNMENT ESTABLISHES SKK MIGAS
On 13 November 2012, the Constitutional Court (Mahkamah On 13 November 2012, the Constitutional Court (Mahkamah Konstitusi or “MK”) dissolved BP Migas through Decision No. 26/PUU-X/2012 on the judicial review of the oil and Gas Law (Law No. 22 of 2001).
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