Indonesian Legal Brief

New Regulation on Government Procurement of Goods and Services
Presidential Regulation No. 16 of 2018 on the Public Procurement of Goods and Services has just been issued with the overall aim of simplifying procurements of goods and/or services which is funded by using State/Regional Budget by central/regional government institution.
OJK Sets Mechanism for Measurement of the Financial Soundness Levels of Venture-Capital Companies
The Financial Services Authority recently issued Circular No. 7/SEOJK.05/2018 on the Financial Soundness Levels of Venture-Capital Companies, as mandated by OJK Regulation No. 35/POJK.05/2015 on the Organization of Venture-Capital Businesses.
New Regulation on the Implementation of Trading Activity Supervision
The Ministry of Trade recently issued Regulation No. 36 of 2018 on The Implementation of Trading-Activity Supervision, as an implementation of Article 102 of Law No. 7 of 2014 on Trade which required the implementation of trading activity supervision to be further regulated under a ministerial level regulation.
Draft Bill on Wiretapping
The House of Representatives is currently deliberating the Draft Bill on Wiretapping. The Draft Bill is expected to set out a primary set of guidelines which are to be implemented by law enforcers during the undertaking of any lawful interceptions (wiretapping) for the purposes of law enforcement, as well as to ensure national security.
BI Tightens Sanctions Relating to the Carriage of Foreign Banknotes into and out of Indonesia
With the ultimate objective of maintaining the stability of the rupiah currency, Bank Indonesia has further tightened up rules for the carriage of foreign banknotes into and out of Indonesian customs territory by introducing stricter sanctions which can be imposed in relation to said activities through the issuance of BI Regulation No. 20/2/PBI/2018 on the Amendment to BI Regulation No. 19/7/PBI/2017 on the Carriage of Foreign Banknotes into and out of Indonesian Customs Territory.
Draft Government Regulation on the Foreign Ownership of Insurance Companies
The government is currently deliberating a new Draft Government Regulation on the Foreign Ownership of Insurance Companies, as mandated by Article 7 (3) of Law No. 40 of 2014 on Insurance.
Post-Operation Activities in Upstream Oil-and-Gas Business Activities
The Ministry of Energy and Mineral Resources recently issued Regulation No. 15 of 2018 on Post-Operation Activities in Upstream Oil-and-Gas Business Activities, which is an implementation of Article 17 (4) of Government Regulation No. 79 of 2010 on Recoverable Operational Costs and Income-Tax Treatment within the Upstream Oil-and-Gas Business Sector, as amended by Government Regulation No. 27 of 2017.
2018 Minimum Wage for the Jakarta Industrial Sector
The Governor of the Special Capital City Region of Jakarta has finally determined the 2018 minimum wages for workers across several industrial sectors after considering the results of negotiations that took place between business associations and labor unions, through the issuance of Governor's Regulation No. 16 of 2018 on the 2018 Minimum Wages for the Industrial Sector.
List of Goods Which Can be Stored in Warehouses and Managed through Warehouse-Receipt Systems Updated
In a bid to extend the scope of goods that can be stored in warehouses and managed through warehouse-receipt systems, the Ministry of Trade has issued Regulation No. 33 of 2018, which amends Ministry Regulation No. 37/M-DAG/PER/11/2011 on Goods Which Can be Stored in Warehouses and Managed through Warehouse-Receipt Systems for the third time.
Govt. Simplifies Rules for Distribution of Oil Fuels, Gas Fuels and Liquefied Petroleum Gas (LPG)
In order to ease distribution of oil fuels, gas fuels and liquefied petroleum gas throughout all Indonesian territories and also in a bid to bolster investment within this specific sector, the Ministry of Energy and Natural Resources has issued Regulation No. 13 of 2018 on the Distribution of Oil Fuel, Gas Fuel and Liquefied Petroleum Gas.
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