Client Notification - PR 70/23

The President of the Republic of Indonesia has recently issued a Presidential Regulation on the land allocation for investment arrangement ("PR 70/23") to enhance the effectiveness and efficiency of natural resource utilization in the mining, plantation, and forestry sectors. PR 70/23 establishes a task force with various vital responsibilities. These include mapping the utilization of land for mining, plantation, and forestry activities following the change or revocation of the business license and concession license in the forestry area; providing recommendations to the Head of BKPM (Badan Koordinasi Penanaman Modal) on the cancellation of business license, and concession license in forestry area; and providing opportunities for new business actors in the aftermath of such license revocations.