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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or



February 2012 - Finance. Legal Developments by Hanafiah Ponggawa & Partners.

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On 13 December 2011, Badan Layanan Umum Pusat Investasi Pemerintah (BLU PIP) and the State Electricity Company (PT PLN (Persero)) signed an Investment Agreement in the Form of a Soft Loan (Perjanjian Investasi dalam bentuk Pemberian Pinjaman dengan Persyaratan Lunak), by which BLU PIP has granted PT PLN (Persero) a soft loan. 


January 2012 - Finance. Legal Developments by Hanafiah Ponggawa & Partners.

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On 30 September 2011, Bank Indonesia (“BI”) issued BI Regulations concerning foreign exchange, i.e. BI Regulation No.13/20/PBI/2011 concerning Receipt of Export Proceeds in Foreign Currency and Drawdowns of Foreign Loans in Foreign Loans (“PBI 20/2011”) and BI Regulation No.13/22/PBI/2011 concerning Obligation to Report a Drawdowns of Foreign Loans in Foreign Currency (“PBI 22/2011”) both of which came into effect on 2 January 2012.

Dear investors, don’t worry!

January 2011 - Finance. Legal Developments by Hanafiah Ponggawa & Partners.

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A technologist and author, Bruce Schneier, once said, “The mantra of any good security is: ‘Security is not a product, but a process.’” This quote may be true, and this is what the government of Republic of Indonesia is currently working on.

New investment regulations

Indonesia continues to attract favorable global investor interest in all sectors beyond the traditional sectors of oil and gas, mining and other natural resources.

Indonesia’s Capital Market and the New Negative Investment List

The Indonesian Capital Market experienced an all time high at the end of 2009, resulting in many implications for 2010. The growing power of Indonesian Investors and the middle class, married with the increased potential for public offerings on the stock exchange should lead to more activity on the stock market and a subsequent growth in the economy. The Government of Indonesia has its eye set on achieving economic growth of 6 to 7 percent in the next few years, with the hope of enabling them to reduce poverty and unemployment significantly. They see increasing investment as a way of securing this economic growth. In order to build confidence in investors, thus encouraging investments, and to match regulations with current practice the Government is continuing to develop its investment and capital market.

Acquisition of financial institutions in Indonesia

In spite of the global crisis, Indonesia is still full of potential for foreign investors. The country seems to have been largely buffered from many of the worst impacts occurring in other economies. This is perhaps because, after the collapse of the banking system during the Asian crisis in the wake of 1997, the Indonesian financial sector was forced clean up its act, developing stronger fiscal resilience in the process. Banks were recapitalised and restructured by the Government and once the financial soundness of the banks was stabilised, many were sold to foreign institutions. The financial sector is now relatively healthy and provides a stable foundation for the Indonesian economy. There remains an attractive market for the acquisition of banks, insurance companies and securities companies.

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