BANK INDONESIA SETS A NEW LIMIT FOR PURCHASING FOREIGN CURRENCY (US$)
In an attempt to assist the stabilization of the Indonesian currency, Bank Indonesia (BI) changed the limit of the maximum value of foreign currency (US$) purchased through a spot transaction which is done without a specific purpose (underlying documents), from US$ 100,000 per month for each customer/foreign party to US$ 25,000 or equivalent per month for each customer.
Download read moreCONSULTANCY SERVICES COMPANIES - NEW REGULATION
On 15 July 2015, the Indonesian Capital Investment Coordinating Board (Badan Koordinasi Penanaman Modal or “BKPM”) issued a circular letter on the new mechanism and procedures for obtaining Principle License applications, aimed particularly at businesses in the consultancy services sector,
Download read moreDELEGATION OF AUTHORITY TO ISSUE OIL AND GAS BUSINESS LICENSES
Under Minister of Energy and Mineral Resources Regulation No. 23 of 2015 dated 31 July 2015 on the Delegation of Authority to Issue Oil and Gas Business License in the Framework of One-Stop Integrated Services to the Head of BKPM (“Regulation 23/2015”)
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Under Minister of Transportation of the Republic of Indonesia Regulation No. PM 3 of 2015 dated 7 January 2015 on the Implementation of One-Stop Integrated Services in the field of Transportation at the Indonesia Investment Coordinating Board (BKPM) (“Regulation 3/2015”),
Download read moreSHIPS AS EVIDENCE IN FISHERIES CRIME CASES
To support law enforcement against illegal fishing in Indonesia, the Supreme Court has issued Circular Letter No. 1 of 2015 on Ships as Evidence in Fisheries Crime Cases ("CL 1/2015").
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