Acceleration of the Construction of Environmentally Friendly Waste-Processing Electrical-Energy Installations
In a bid to overcome urban waste problems, the government is currently pushing for the accelerated construction of waste-based power plants through the issuance of Regulation of the President No. 35 of 2018 on the Accelerated Construction of Waste-Processing Electrical-Energy Installations Based on Environmentally Friendly Technologies.
The Recordation, Detention and Temporary Suspension of Goods Which Infringe Intellectual Property Rights
The Minister of Finance has now formalized the various technicalities relating to imports or export of goods which are deemed to infringe intellectual property rights through the issuance of Regulation No. 40/PMK.04/2018 on Recordation, Detention, Guarantees, Temporary Suspensions, Monitoring and Evaluation for the Control of Imported or Exported Goods Which Are Suspected of Resulting or Originating from Infringement of Intellectual Property Rights.
New Primary Guidelines for Mineral and Coal-Mining Business Activities
The Minister of Energy and Mineral Resources recently issued a set of "ultimate" guidelines for upstream and downstream mineral and coal-mining business activities through the issuance of Regulation No. 25 of 2018 on Minerals and Coal-Mining Businesses.
Govt. Revokes Regulation on Trading of Refined Crystal Sugar through the Commodity Auction Market
The Minister of Trade has now revoked the regulation which addressed the trading of refined crystal sugar through the commodity auction market through the issuance of Regulation of the Minister No. 54 of 2018 on the Revocation of Regulation of the Minister No. 16 M-DAG/PER/3/2017 on the Trading of Refined Crystal Sugar through the Commodity Auction Market, as amended several times, most recently through the issuance of Regulation of the Minister No. 73/M-DAG/PER/9/2017.
BI Issues New Regulation on Electronic Money
Bank Indonesia has finally issued its long-awaited regulation on electronic money, specifically Regulation of BI No. 20/6/PBI/2018 on Electronic Money.
Govt. Amends Provisions on Central Bonded Logistics Facilities
With the objective of bolstering national industry and investment, as well as supporting e-commerce trade activities, the Minister of Finance has issued Regulation of the Minister No. 28/PMK.04/2018, which amends Regulation of the Minister No. 272/PMK.04/2015 on Centrally Bonded Logistics Facilities.
Technical Provisions for the Bank Indonesia - Scripless Securities Settlement System
Bank Indonesia recently updated its integrated system for the administration of securities via the BI - Scripless Securities Settlement System through the issuance of Regulation of the Board of Governors of Bank Indonesia No. 20/4/PADG/2018 on the Organization of the Administration of Securities through the Bank Indonesia - Scripless Securities Settlement System
Tin Export Provisions Re-Amended
In bid to further increase the effectiveness of Indonesian tin exports, the Minister of Trade issued Regulation No. 53 of 2018 which amends Regulation of the Minister No. 44/M – DAG/PER/7/2014 on Export Provisions for Tin for a second time.
Foreign Ownership of Insurance Companies Finally Regulated
The Government has finally issued Regulation No. 14 of 2018 on the Foreign Ownership of Insurance Companies, as an implementation Article 7 (3) of Law No. 40 of 2014 on Insurance.
Joint Inspections of Production-Sharing Contracts with Cost-Recovery Schemes for the Upstream Oil-and-Gas Business Sector
The Minister of Finance has issued Regulation No. 34/PMK.03/2018 on Guidelines for the Implementation of Joint Inspections of Cooperation Contracts in the Form of Production-Sharing Contracts with Cost Recovery Schemes for the Upstream Oil-and-Gas Business Sector. The goal of this regulation is to increase the effectiveness of inspections of cooperation contracts in the form of production-sharing contracts with cost-recovery schemes.