In order to carry out government activities in the village, operational funds are required. Village operational funds are derived from the utilization of village assets owned and/or controlled by the village government. Village assets are goods owned by the village...
After the promulgation of Law Number 11 of 2020 on Job Creation which has been revoked by Government Regulation in Lieu of Law Number 2 of 2022 on Job Creation ("Job Creation Law"), there are several new provisions in the field of land. One of them is about agency in...
The Government has drawn up a draft of the Omnibus Law Bill which consists of Employment Creation Law, Tax Facilities Law and State Capital Law. On 12 February 2020, the chief of the House of Representatives has received an academic paper and a draft of the Employment...
Financial Administration General P3SRS is responsible for the financial administration of condominium management after the Developer delivers the management to P3SRS which consists of management cost and other legitimate businesses. Management Cost The amount of...
Background Bank Indonesia has issued Bank Indonesia Regulation No. 20/8/PBI/2018 on Loan to Value Ratio for Property Loan, Financing to Value Ratio for Property Financing, and Down Payment for Loan or Vehicle Financing (“PBI 20/2018”). This regulation revokes the...
Background On 22 December 2017, Minister of Agrarian and Spatial Plan/Head of National Land Agency enacted the Minister Regulation No. 22 of 2017 on the Period Assessment of Using Power of Attorney to Charge Mortgage For Securing the Settlement of Particular Debt...
Background To answer the requisite needs of economical public housing and as one of the Government’s acttion to improve the welfare of the people, the House of Representative and the Government of Indonesia formulated the new law called the Public Housing Savings Law...
Background Financial Services Authority (“OJK”) issued a regulation, namely Financial Services Authority Regulation No. 23/POJK.04/2014 Year 2014 on Guidelines for Issuing and Reporting Asset Backed Securities in the the Form of Participation Letters Within the...
Background On 31 December 2015, Minister of Finance Republic of Indonesia has issued the Minister of Finance Regulation Number 269/PMK.010/2015 on the Limitation of Selling Price of Modest Condominium Unit and Individual Income Who Obtains the Modest Condominium Unit...