Among the most important modifications from previous rules is a rise in maximum international ownership levels in a number of key industries, including the well being sector. Discrimination Law and Equality in Indonesia Indonesia doesn’t have an overarching anti-discrimination law; rather, a patchwork of laws and sector-specific rules prohibit discrimination and encourage equality. Given the context of Indonesia’s gains in its equality rankings, this update provides an overview of the relevant laws.
This is an open entry journal which implies that all content material is freely out there without cost to the consumer or his/her establishment. Users are allowed to learn, obtain, copy, distribute, print, search, or link to the complete texts of the articles, or use them for some other lawful objective, with out asking prior permission from the writer or the author. Government Changes Divestment Requirements for Mining Companies in Indonesia Indonesia’s mining business stays in flux. On 14th October 2014, the Indonesian Government issued the third amendment to Government Regulation No. 23 of 2010 concerning the Implementation of Mineral and Coal Mining Business Activities and in doing so launched revised divestment necessities. Mandatory Use of Rupiah in Indonesia Indonesia’s central bank, Bank Indonesia, recently issued BI Regulation No. 17/3/PBI/2015 regarding the Mandatory Use of the Rupiah inside the Republic of Indonesia, which restricts the usage of international forex in domestic transactions carried out within Indonesian territory. New Regulation Prohibits Manufacturers from Importing Industrial/Finished Goods As a part of the government’s financial deregulation package issued on ninth September 2015, the Ministry of Trade has issued another new regulation on imports.
Legal Update No 3, 2012 : The Approval Of Postponement For The 2012 Minimal Wage
What You Need to Know about Indonesia’s New Tax Amnesty Law The Indonesian Government lately issued the long-awaited and anticipated Tax Amnesty Law (Law No. eleven of 2016). The Tax Amnesty Law eliminates the principal tax debt and administrative sanctions in addition to providing no-examination of tax crimes. New Regulation on Purchase of Electric Power from Biomass and Biogas Power Plants On 4th August 2016, Ministry of Energy and Mineral Resources Regulation No. 21 of 2016 on the Purchase of Electric Power from Biomass and Biogas Power Plants was enacted. Business entities intending to develop and operate biomass and biogas energy crops must first safe a stipulation as the developer of a biomass and biogas power plant. A Look at New Requirements for Pharmaceutical/Healthcare Companies on Sponsorship On 8th November 2016, the Minister of Health issued Regulation No. 58 of 2016 on Sponsorship for Healthcare Professionals (“Regulation fifty eight”), which took effect on twenty ninth November 2016.
The OJK should approve or reject the license application no later than 30 days after the whole application is obtained. Taking the Temperature of Indonesia’s Geothermal Regulatory Climate Indonesia’s geothermal resources are among the many largest in the world, with round 40 percent of the worldwide geothermal sources, and the government has intensified its efforts to encourage geothermal energy development. In Indonesia, New Licensing Rules for Imports and Exports The Government of Indonesia has recently issued a package of financial insurance policies designed to remove irrelevant necessities and to deregulate and spur the expansion of the Indonesian financial system.
Monetary Companies Speedread
New Regulation Allows Appointment of ROEs for Construction Projects The Indonesian authorities recently issued Government Regulation No. 54 of 2016 concerning the Third Amendment to Government Regulation No. 29 of 2000. The newly-issued Third Amendment introduces a provision that allows Regional-Owned Enterprises the identical treatment as State-Owned Enterprises. BKPM Supports Indonesian Tax Amnesty Programs by Issuing a Facilitating Regulation On twenty eighth October 2016, the Head of the Capital Investment Coordinating Board issued Regulation No. 8 of 2016 (“Regulation eight”), which immediately went into effect. Regulation eight was issued to support the tax amnesty programmes initiated by the Indonesian government. New Online Registration System Transforms Franchise Application Process The Ministry of Trade (“MOT”) has introduced a model new platform for the registration of a selection of licenses together with the franchise registration certificate. Development of Oil and Natural Gas in Indonesia Indonesia’s oil and gas sector is ruled by Law No. 22 of 2001 regarding Oil and Gas.
Indonesia’s OJK Issues Regulation on Quick Restructuring for Troubled Banks in Wake of COVID-19 The COVID-19 global pandemic has taken a toll on the Indonesian economy, underlining the need for monetary establishments to have adequate liquidity within the face of unsure instances. New Developments in Indonesian Immigration Policy On September 11, 2020, the Indonesian Government enacted a model new regulation that introduces several adjustments to the immigration regime that affect foreigners, Indonesians and the procurement of travel documents. SHRM’s weekly Workplace Compliance e-newsletter offers summaries of legal choices, legislative information and regulatory information, in addition to analysis of what they mean in your group. Sign-up to observe topics, sectors, people and also have the choice to receive a weekly update of lastest news throughout your areas of interest. Global legal business DWF has reported a seven per cent enhance in gross earnings to reach £89 million in the six months ending 31 October 2021.