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On 6 April 2023 Indonesia’s Financial Services Authority, OJK, issued further amendments to the insurance financial soundness requirements (OJK Reg 5/2023), with immediate effect. Read more
Indonesia’s Competition Commission (the KPPU) has issued a new merger control regulation with revised thresholds for triggering a merger filing in Indonesia. Read more
Under Indonesian Investment List changes introduced in May 2021, certain e-commerce activities are now reserved for local cooperatives and micro, small and medium enterprises. We look at the potential impact of these changes on Indonesian e-commerce players and prospective investors in this rapidly growing sector. Read more
We set out our key observations on important Foreign Direct Investment (FDI) changes under the New Investment List that are relevant to businesses operating in Indonesia’s consumer sector. Read more
On 9 March 2021, the Agreement between the Government of the Republic of Singapore and the Government of the Republic of Indonesia on the Promotion and Protection of Investments (Indonesia-Singapore BIT) came into force after being ratified by both States. Read more
With more than 270 million people, Indonesia is home to one of the largest Muslim populations in the world. In addition to understanding the origin, contents and safety of food and beverage products, Indonesian Muslim consumers are increasingly seeking assurance for Halal products consumed by them. There is also a growing Halal industry as Indonesia … Read more
A new stamp duty law came into effect in Indonesia on 1 January 2021 through Law No. 10 of 2020 on Stamp Duty. The new law includes detailed provisions on stamp duty obligations as well as several new stamp duty objects. Read more
Our behaviour as consumers has changed over the last few years, and the change has been more dramatic since the Covid-19 pandemic hit Indonesia and elsewhere. In this article we describe some of the recent trends in Indonesia’s retail sector, and the issues that retail brands here will need to consider. Some of these trends and issues will no doubt also apply to other jurisdictions.Read more
