The minister of health recently issued the Regulation regarding Pharmaceutical and Medical Devices Industries Development Action Plans (17/2017). With the action plans, the government aims to establish, preserve and apply pharmaceutical product and medical device standards and increase the use of local pharmaceutical products and locally produced medical devices, among other things.
The Ministry of Finance has issued a regulation in order to implement provisions for the establishment of state-owned infrastructure guarantee corporations (BUPI). The regulation sets out more detailed provisions on government guarantees for infrastructure projects, as well as the nature, scope of and procedures governing such guarantees. A guarantee provided by a BUPI may cover infrastructure, political and default risks, among others.
The Supreme Court's enactment of the Regulation regarding the Manner and Procedure for the Handling of Crimes Committed by Corporations is a significant milestone in the development of Indonesia's corporate criminal liability legislation. The regulation aims to provide law enforcers with guidance on handling corporate crimes and strengthens and complements the existing regulations.