Friday, October 27, 2017
Issue Number: 529
Although the decision handed down by the Supreme Court only applies to the parties in question, there are currently more than 40 private businesses involved in the water-management sector across Indonesia and these businesses continue to offer water-related services across a number of Indonesian provinces.
Friday, October 20, 2017
Issue Number: 528
ISO 37001:2016 interprets bribery as an act of offering, promising, giving, accepting or soliciting involving undue advantage of any value (which could either be financial or non-financial in nature), either directly or indirectly and irrespective of location(s), in violation of applicable laws and as an inducement or reward for a person acting or refraining from acting in relation to the performance of that personâ€™s duties.
Friday, October 13, 2017
Issue Number: 527
The utilization and management of Spectrums is thus regulated, both at the domestic and international levels. Spectrums are natural resources which are under the control of the state then, however their utilization should also be regarded with an eye on international agreements, so as to prevent any harmful electromagnetic interference occurring between Spectrums.
Friday, October 06, 2017
Issue Number: 526
Bank Indonesia has finally introduced the National Payment Gateway (NPG), a system which has been developed in order to integrate various payment channels and instruments at the national level. Through the NPG, the public can efficiently process domestic, non-cash transactions through any bank via any instrument and any channel.
Friday, September 29, 2017
Issue Number: 525
In 2016, 17.42% of Indonesian households did not own their own homes. One solution offered by the government was to issue a regulation on secondary financing for housing projects, a type of financing which involves securitization over the pool of mortgage-loan facilities (â€œKPRâ€). Under this scheme, banks and other financial institutions responsible for the issuance of KPR may introduce countermeasures which address any maturity mismatch.
Friday, September 22, 2017
Issue Number: 524
Seaports represent perhaps Indonesiaâ€™s most vital trading backbone and are operated by port authorities and port operation units, both of which we will be referring to as Port Operators in this edition of ILD. However, the operation of ports may be transferred to other parties, i.e., so-called Port Companies, through concessions or through other cooperation schemes which may be available. As with any other Indonesian business framework, port businesses are required to be in possession of valid business licenses and thus all port players should secure the relevant licenses from the relevant authorities prior to commencing any port activities.
Friday, September 15, 2017
Issue Number: 523
An important economic milestone in many eyes and destined to lead to financial disruption the world over, cryptocurrencies are now used for everything from investment to shopping to buying apartments to financing terrorist organizations. Cryptocurrencies offer many potential benefits but also pose considerable risk at the same time. This edition ILD will analyze and address a number of key issues relating to the world of cryptocurrency and will take a look at how this new phenomenon is playing out in Indonesia.
Friday, September 08, 2017
Issue Number: 522
With the rising trend of sharia principles being applied across the economic and legal sectors, it is becoming increasingly important to understand the underlying basics of the various agreements and financial-service products which are based on sharia principles. This edition of ILD is merely a basic practical guide however and thus will only address the most common sharia economic products, specifically general agreements and financial services.
Thursday, August 31, 2017
Issue Number: 521
As ASEANâ€™s biggest e-commerce player, it is predicted that the digital economy will be making an annual contribution of some $150 billion to Indonesian coffers by 2025. In order to help unleash this e-commerce potential however, the government has introduced numerous regulations and has also formulated an official road map for the sector, which is to be implemented between 2017 and 2019. This edition of ILD will elaborate upon key aspects of Indonesiaâ€™s e-commerce sector, while highlighting a number of important policies which are currently being implemented by the Indonesian government.
Friday, August 25, 2017
Issue Number: 520
As Southeast Asia's largest economic powerhouse, Indonesia has succeeded in attracting a number of global automotive corporations to invest heavily in the country. Indeed, the government specifically set its sights upon this sector by making it one of the priority industries which is described under the 2015-2035 Master Plan for National Industrial Development.