Indonesian Legal Brief

New Regulation on Statutory Reserve Requirements for the Banking Sector
In bid to improve the effectiveness of Indonesia’s monetary policy, Bank Indonesia has decided to accelerate the implementation of its average statutory reserve requirements policy through the issuance of Regulation No. 20/3/PBI/2018 on Statutory Reserve Requirements in Rupiah and Foreign Currencies for Conventional Banks, Sharia Banks and Sharia Business Units.
New Provisions on Safety Checks for Oil-and-Gas Installations and Equipment
The Ministry of Energy and Mineral Resources issued Regulation No. 18 of 2018 on Safety Checks of Installations and Equipment Used in Oil-and-Gas Business Activities with the ultimate aim of ensuring the safety and security of oil-and-gas installations and equipment through the implementation of effective safety checks.
OJK Regulates Gradual Public Offerings of Sukuk and Deductions of Sharia Duty by Issuers
The Financial Services Authority has issued Regulation No. 3/POJK.04/2018 on the Amendment to Regulation of the OJK No. 18/POJK.04/2015 on the Issuance of and Requirements for Sukuk in order to accommodate the implementation of gradual public offerings of sharia bonds (sukuk) and deductions of sharia duty (zakat).
New Methods for the Payment of PNBP for Legal Services at the Directorate General of General Legal Administration
In a bid to establish an integrated online system in order to accelerate the payment process for non-tax state revenue at the Directorate General of General Legal Administration, the Ministry of Law and Human Rights has issued Regulation No. 7 of 2018 on Procedures for the Payment of Non-Tax State Revenue for Legal Services at the Directorate General of General Law Administration.
Govt. Simplifies Import Procedures for Operational Goods for Upstream Oil-and-Gas Business Activities
The Ministry of Energy and Mineral Resources has issued Regulation No. 17 of 2018 on Imports of Operational Goods for Upstream Oil-and-Gas Business Activities, which is aiming to simplify the procedures which should be followed by oil-and-gas contractors when importing operational goods for upstream oil-and-gas business activities.
Classification of Road Classes
In a bid to establish safer, more streamlined and more orderly roads across Indonesia, the Minister of Public Works and Public Housing has just issued Regulation No. 5/PRT/M/2018 on the Determination of Road Classes Based on Function, Traffic Intensity, Heaviest Axle-Load Capacity and Motor-Vehicle Dimensions.
Supervision of Processed Foods for Special Nutritional Needs
The National Agency of Drug and Food Control has issued Regulation No. 1 of 2018 on the Supervision of Processed Foods for Special Nutritional Needs, which sets out primary guidelines for the production and circulation of processed foods which are intended to meet special nutritional needs.
New Regulation on Procedures for the Granting of Areas, Licensing and Reporting for the Minerals and Coal Sectors
The Minister of Energy and Mineral Resources has issued Regulation No. 11 of 2018 on Procedures for the Granting of Areas, Licensing and Reporting for Minerals and Coal-Mining Business Activities in a bid to unify the provisions which address these various minerals and coal-mining business activities, which were previously addressed under several regulations.
Draft Bill on CSR
The House of Representatives is currently deliberating the Draft Bill on Corporate Social Responsibility with the ultimate objective of unifying corporate social responsibility standards, which are currently addressed by numerous laws and regulations.
Supreme Court Introduces the Online Case-Administration System
With the ultimate aim of creating a modern, transparent and efficient case-administration system within the country's courts, the Supreme Court has updated and modernized the case-administration system with the introduction of an online system through the issuance of Regulation No. 3 of 2018 on the Administration of Cases in Courts via Electronic Means.
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