By Fitriana Mahiddin and Syahdan Z. Aziz Extracted oil and gas in Indonesia remains owned by the State until it passes the point of export or other delivery point. Thereafter, the Government is entitled to a certain percentage of the production output as apportioned under the Production Sharing Contract (PSC), as is the Contractor. Under the Oil … Indonesian Oil and Gas Sector: Role of the State
By Awang Fahrizal The Government of Indonesia (GOI) recently issued Law No. 2 of 2017 regarding Construction Services (the New Construction Law). The New Construction Law revokes Law No. 18 of 1999 regarding Construction Services (the Previous Construction Law) and introduces several changes and new provisions related to construction services in Indonesia. Below are the most significant … New Construction Law in Indonesia: Changing the Regulatory Framework
Bank Indonesia (BI) has issued a circular letter on licensing procedures and requirements related to payment system transactions in Indonesia. BI Circular Letter No. 18/41/DKSP regarding the Implementation of Payment Transaction Processing, dated December 30, 2016 (the Circular Letter), is an implementing regulation for BI Regulation No. 18/40/PBI/2016 on the Implementation of Payment Transaction Processing … Bank Indonesia Issues Rules for Payment System Service Providers
By Fitriana Mahiddin and Syahdan Z. Aziz Indonesia has approximately 150-153 trillion standard cubic feet (TSCF) of natural gas reserves. The BP Statistical Review of World Energy 2016 recorded 100.3 TSCF of proven reserves in Indonesia as of the end of 2015, with gas production reaching 75 billion m3, which is a slight decrease from 2014. … Overview of the Indonesian Natural Gas Sector
By Fransiscus Rodyanto The Indonesian Minister of Energy and Mineral Resources (MEMR) on January 13, 2017 issued Regulation No. 08 of 2017 regarding Gross Split Production Sharing Contracts (MEMR Reg. 8/2017), which came into force on January 16, 2017. The main features of MEMR Reg. 8/2017 are as follows: Gross Split PSC MEMR Reg. 8/2017 … Indonesia Regulates Gross Split Production Sharing Contracts for Conventional and Non-Conventional Oil and Gas
There is no comprehensive data protection law in Indonesia. Indonesian legal scholars often refer to Article 28(g) of the 1945 Constitution as the basis (albeit rather vague basis) for more specific data privacy legislation. Article 28(g) of the 1945 Constitution states: Each person shall have the right to protection of their personal selves, families, respect, … Data Protection in Indonesia
By Indrawan Dwi Yuriutomo In 2011, the Indonesian Government reformed its National Social Security System and passed Law No. 24 on the Social Security Organizing Body (Badan Penyelenggara Jaminan Sosial or BPJS) (the “BPJS Law”) to help meet the basic needs of the country’s population. The types of social security programs mandated under the BPJS … Guide to Benefits in Indonesia
By Awang Fahrizal Indonesia’s Ministry of Finance (MOF) recently issued MOF Regulation No. 129/PMK.08/2016 regarding the amendment of MOF Regulation No. 265/PMK.08/2015 regarding Facilities for the Preparation and Implementation of Public-Private Partnership (PPP) Project Transactions for the Provision of Infrastructure (MOF 129/2016). MOF 129/2016 amends MOF Regulation No. 265/PMK.08/2015 (MOF 265/2015) and introduces several new … New Regulation in Indonesia Amends the Facilities Requirements for Public-Private Partnerships
By Ira A. Eddymurthy and Awang Fahrizal The Indonesian government recently issued Government Regulation No. 54 of 2016 regarding the Third Amendment to Government Regulation No. 29 of 2000 regarding the Implementation of Construction Services (Third Amendment). The Third Amendment introduces additional provisions similar to those in the previous amendment, namely Government Regulation No. 79 … New Regulation Allows Direct Appointment of Regional-Owned Enterprises for Construction Projects
By Indrawan D. Yuriutomo There have been a couple of recent developments in Indonesia as regards monthly minimum wages that employers should take note of. 2017 Minimum Wage for Jakarta First, the Governor of Jakarta has issued a new regulation on the minimum wage for 2017, Regulation No. 227 of 2016 dated October 27, 2016 … Indonesian Employment Law Update: Minimum Wage
