A lot has happened in the past month or so, which perhaps can be
said to set the tone for Indonesia for the remainder of 2019. As
the public geared up towards President Jokowi's second term,
Indonesia introduced several noteworthy regulations, ranging from
tax incentives for electronic vehicle to introduction of a new
listing board in the Indonesia Stock Exchange
("IDX").
Below we summarise some of the key legal developments that
occurred in Indonesia in the past month alone, highlighting their
features and intended impact to the legal ecosystem.
Capital Market – Introduction of the Accelerated
Board
The Indonesian government recently introduced the new
Accelerated Board1 at the IDX in July 2019. Unlike the
Main and Development Boards, which have long been established, the
Accelerated Board will cater to market demand to allow startups
with small or medium-sized asset to access capital through the
stock exchange. This new IDX regulation is procured to be in
