Indonesian Government Publishes 2017 Cost of Electricity Generation Figures The Government recently issued Decree No. 1772 K/20/MEM/2018 which illustrate the prices to PLN of procuring power from the completely different systems/sub-systems throughout Indonesia. Indonesia’s PLN Invites Hydropower Developers to Prequalify Indonesia’s state-owned energy utility PLN, has issued an invite to hydropower builders to submit purposes to be included on the List of Selected Providers for Indonesian hydropower initiatives with a capacity of above 10MW. New Regulation in Managing Oil and Gas Working Areas with Expiring PSCs The authorities has issued MEMR Regulation No. 23 of 2018, which states that a PSC Contractor doesn’t automatically have the right to a PSC extension.

Healthcare specialist, Michael J. Byrd, Esq., walks through points and choices associated with compensation fashions, frequent covenants, patient base development and remedy duties, and termination clauses. Mr. Wichern is a acknowledged skilled on the dangers of heroin and the prescription drug epidemic and routinely speaks to healthcare organizations, pharmacies and suppliers to identify methods to higher safeguard their practices and reduce the skilled and operational dangers emanating from these threats. He was the first to develop CME applications addressing MAT and ache prescribing safeguards, federal regulatory and DEA compliance, credentialing and drug destruction.

News In Brief, September 2021

The Commission recognises the “tangible safeguarding improvements” already achieved by charities operating in the international assist sector within the areas of accountability, organisational tradition, the employment cycle, and stories and complaints mechanisms. However the amendments are made, although, charity trustees of registered charities should keep in mind that any adjustments to a governing document will have to be notified to the Commission on-line. For some, the matter will not be quite as simple and the charity trustees might want to search acceptable legal advice.

• New Developments in Indonesian Immigration Policy On September 11, 2020, the Indonesian Government enacted a new regulation that introduces a number of modifications to the immigration regime that have an result on foreigners, Indonesians and the procurement of travel paperwork.
• The stated aim of the Omnibus Law is to bolster investment and create jobs by streamlining laws and simplifying the licensing process to enhance the benefit of doing business in Indonesia.
• As a consequence, the BKPM will quickly droop the processing and issuing of licenses and will transition to a nationwide Online Single Submission system.
• International Collaboration accounts for the articles that have been produced by researchers from several countries.
• SSEK discusses the revised Negative Investment List, the impact of the ASEAN Free Trade Area on Indonesia and Bilateral Investment Treaties.

New Government Regulation on Foreign Ownership within the Insurance Sector The authorities issued new Government Regulation No. 14 of 2018 on Foreign Ownership Limitation in Insurance which supersedes and replaces earlier authorities regulation in the insurance sector. Indonesia’s New Data Protection Rules Move Toward Passage After a variety of information breaches underlined the urgency of comprehensive data protection guidelines, Indonesia expects to cross a knowledge protection regulation in 2020, despite the continuing COVID-19 pandemic and related lockdowns. Indonesian Government Imposes VAT on Imported Digital Goods and Services Indonesia’s Minister of Finance (“MOF”) just lately issued a regulation on the imposition of value-added tax (“VAT”) on intangible taxable goods and services, together with digital items and companies, from foreign expertise firms that are utilized in Indonesia. KPMG is allowed to contact me by way of digital communication (email, cellphone number, social networks, and so on.), through letters, company magazines or some other method. Personal knowledge for marketing purposes inside the defined scope is processed solely based on my consent.

Legal Update: Spring 2019

Compliance Road Map for Companies in Indonesia Compliance is a crucial issue for international funding companies doing enterprise in Indonesia. As worldwide organizations, international investment firms usually are not only required to comply with the laws and regulations of the nation of origin of their father or mother corporations but also with relevant laws and regulations in Indonesia. Indonesian Financial Services Authority in Review This legal update seems at some of the regulatory adjustments that have been introduced since the Financial Services Authority took over supervision of the capital markets, non-bank monetary institutions and banking sectors prior to 2014. OJK Revokes Stimulus Package for Insurance Companies and Pension Funds On thirty first August 2015, the Financial Services Authority issued a quantity of circular letters as a stimulus coverage package deal to minimise the detrimental results of unstable international financial conditions on the insurance and pension fund enterprise sector. Government to Approve Corporate Actions in the Indonesian Energy Sector The Indonesian Minister of Energy and Mineral Resources (“MEMR”) has issued MEMR Regulation No. forty two of 2017 which goals to improve the supervision of enterprise entities in the power and mineral sources sector partially by closing regulatory gaps.