‘Circular No. 15/27/DPNP’) regulates provisions on requirements for commercial banks to undertake business activities in foreign currency. The provisions in Circular No. 15/27/DPNP start to apply on 19 July 2013. Therefore, Circular Number 28/4/UPPB of 7 September...
Prior to Regulation No. 45 of 2014, the types and tariffs of non-tax state revenue applicable to the Ministry of Law and Human Rights (hereinafter referred to as ‘Ministry’) were regulated in Government Regulation No. 38 of 2009. Regulation No. 45 of 2014 (hereinafter...
Background In order to increase investment activities in Indonesia as well as the implementation of Indonesia’s commitment with respect to the Association of Southeast Asian Nations/ASEAN Economic Community (AEC), it is necessary to rework the provisions on the list...
Background In the development of international law, there is the law that regulates investment efforts related to international trade, which is Trade - Related Investment Measures or referred to TRIMs within the framework of the World Trade Organization (WTO). Foreign...
Financial Services Authority or commonly abbreviated as OJK, is an independent institution and free from the intervention of other party, which has the functions, duties, and authority to regulate, supervise, examine, and investigate against the activities in the...
It is a great way to invest your money in the debt market since you will be able to make good amount of return without taking unnecessary risk. There are several options available for the investors to invest in the debt instrument and so, it is essential to research...
Background The application for transfer of ownership of foreign shares can be submitted either by foreign investment company or by domestic investment company. The transfer of ownership of foreign shares shall be conducted whenever there are changes in the company’s...
Background BKPM held 2 (two) types of services on investment activity for the investor in the territory of Indonesia, which is licensing service and non-licensing service. Based on Article 1 paragraph 6 of Peraturan Kepala BKPM No.12 year 2009 (“Perka BKPM 12/2009”),...