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DELEGATION OF AUTHORITY TO GRANT INDUSTRIAL LICENSES

Under Regulation No. 122/M-IND/PER/12/2014 on Delegation of Authority to Grant Industrial Business Licenses to the Head of the Capital Investment Coordinating Board, the MOT has delegated its authority to issue certain licenses to BKPM

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FURTHER AMENDMENT ON COMMERCIAL BANK DAILY REPORTS

Bank Indonesia issued Circular of Bank Indonesia No. 16/17/DSta, which came into force on 3 November 2014 (SEBI 16/17/DSta), which is a fourth amendment to Circular of Bank Indonesia No. 13/3/DPM on Commercial Bank Daily Report

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NEW COPYRIGHT LAW DEVELOPMENT

The new Copyright Law enacted on 16 October 2014 mandated the formation of a Collective Management Institution (CMI) (Lembaga Manajemen Kolektif) to collect and distribute royalties due to the rightful creators or holders of related rights

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NEW 2015 MINIMUM WAGE

On 14 November 2014, the Governor of DKI Jakarta issued DKI Governor Regulation No. 176 of 2014 on the Provincial Minimum Wage for 2015 (DKI Reg. 176/2014)

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NEW TELECOMMUNICATIONS REGULATIONS

The Minister of Communications and Information issued Regulation No. 38 of 2014 as an amendment to Regulation No. 01/PER/M.KOMINFO/01/2010 on Organizing Telecommunications Networks

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