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YEARS

INDONESIA - NEW FOOD LAW ISSUED

Sixteen years since the enactment of Law No. 7 of 1996 regarding Food (“the 1996 Food Law”), the Government issued the new Food Law (ie Law No. 18 of 2012) (“Food Law”) on 18 October 2012, two days after World Food Day. The Food Law replaces The 1996 Food Law

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AMENDMENTS TO MINING BUSINESS REGULATION

The Minister of Energy and Mineral Resources recently issued Regulation No. 24 of 2012 (“Regulation 24”) amending his Regulation No. 28 of 2009 on Organizing Coal and Mineral Mining Businesses

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JAMSOSTEK COVERAGE

The Constitutional Court issued decision No. 70/PUU-IX/2011 which conditionally revokes Article 4 (1) of Law No. 3 of 1992 re Jamsostek and Article 13 (1) of Law No. 40 of 2004 regarding the National Social Security System (SJSN)

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FINANCIAL HEALTH OF INSURANCE AND REINSURANCE COMPANIES RE-REGULATED

To improve the Indonesian insurance industry and to protect insured persons from financially unhealthy insurers, the Minister of Finance (“MOF”) on 1 January 2013 issued MOF Regulation No. 53/PMK.010/2012 on the Financial Health of Insurance and Reinsurance Companies (“Regulation 53”)

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MINIMUM WAGE FOR DKI JAKARTA PROVINCE AND THE DELAY

A significant increase in the Minimum Wage in DKI Jakarta province become effective as of 1 January 2013

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