The President’s Office has issued Presidential Regulation No. 38 of 2015 on the Cooperation Between the Government and Business Entities in the Provision of Infrastructure (“PR No. 38/2015”). PR No. 38/2015 replaces the previous Presidential Regulation on the same issue, Presidential Regulation No. 67 of 2005 as last amended by Presidential Regulation No. 66 of 2013.
Indonesia’s monetary authority, Bank Indonesia, has issued regulation No. 17/3/PBI/2015 on the Requirement to Use Rupiah Within the Territory of the Republic of Indonesia (the “BI Regulation”). The BI Regulation serves as an implementing regulation to Law No. 7 of 2011 on Currency (the “Currency Law”). Bank Indonesia issued the regulation with a view of easing the pressure on the declining rupiah.
House of Representatives ("DPR") recently passed the bill on Insurance.
The provisions of the bill will come into force after the president
assents to it or at any rate within 30 days of its passage at the DPR.
The 2014 Insurance Law will replace Law No. 2 of 1992 on Insurance.
Within Indonesia's legislative structure the Insurance Law regulates
insurance businesses, core insurance concepts however are largely left
to the Civil and Commercial Codes.
On 16 September 2014 the House of Representative revoked Law No. 19 of 2002 (" Old Copyright Law ")
with the Bill on Copyright, which will become law and receive a number
upon the earliest of being signed by the President or 30 days (" New Copyright Law ").
The New Copyright Law is an effort from the lawmakers to protect the
economic and moral rights of creators and owners as the essential
element in the development of national creativity.
Government has issued Presidential Regulation No. 39 of 2014 (PR
39/2014), which sets out the new negative investment list containing the
business sectors that are closed or are partially open to foreign and
domestic investment. The new negative investment list will replace the
previous list under PR 36/2010, with a view of integrating Indonesia's
economy to ASEAN, as well as accelerating development in the regions.