Friday, September 30, 2016
Several noteworthy regulations were also issued in September. In the consumer-goods sector, the Head of the National Food and Drug Supervisory Agency (BPOM) issued a number of regulations relating to the registration of food and drugs. In the financial sector, Bank Indonesia relaxed the prevailing Loan-to-Value and Finance-to-Value ratios for property and motor-vehicle ownership by the public through the issuance of BI Regulation No.18/16/PBI/2016. Furthermore, BI also has relaxed the various requirements that have to be met by any banks which are looking to involve themselves within the e-money sector, and this strategy will hopefully help the government to achieve its financial inclusivity objectives.
Wednesday, August 31, 2016
As part of our ongoing commitment to keep our subscribers updated as regards the most recent legal developments within Indonesia, this edition of Monthly Law Review covers a total of 62 laws and regulations, which we have classified into Energy and Natural Resources, Trade, Taxation, Financial Services, Manufacturing and Industry, Consumer Goods, Telecommunications and Media, General Corporate, and a number of other sectors which we have grouped under the Miscellaneous banner.
Friday, July 29, 2016
Surprising news emerged from the Presidential Palace just before the end of July 2016 in the form of President Joko Widodo announcing his second cabinet reshuffle. Introducing his new cabinet, the President contended that he was aiming to inject some fresh energy into the government, as well as accelerate economic growth through a new influx of investment into the country.