Mr Agus Ahadi Deradjat

Agus Ahadi Deradjat

Updates

Banking

Mandatory use of the rupiah in Indonesia
Indonesia | 03 July 2015

Bank Indonesia has issued a regulation concerning the mandatory use of the rupiah within Indonesian territory, which applies to cash transactions as of March 31 2015 and non-cash transactions as of July 1 2015. However, there are a number of issues on which the regulation is less clear than might have been hoped.

Corporate Finance/M&A

New BKPM regulation on investment licences and facilities
Indonesia | 31 January 2018

The Indonesian Investment Coordinating Board (BKPM) recently issued the Regulation concerning Guidelines and Procedures for Investment Licensing and Facilities. The regulation enables companies investing in a specific business field to apply for a business licence directly without obtaining an investment registration in certain circumstances. Further, it is relatively more lenient than the previous regulation with regard to the divestment obligation imposed on foreign companies.

New Investment Negative List sets boundaries for investors
Indonesia | 14 July 2010

The government has finally published the long-awaited new Investment Negative List. The new list sets out the lines of business that are closed to investment, as well as those that are open to investment on certain conditions. The new list replaces the previous list, which was issued in 2007.

Energy & Natural Resources

Permit to establish foreign representative office in oil and gas sub-sector can now be obtained online
Indonesia | 05 February 2018

The Indonesian Investment Coordinating Board recently issued the Regulation concerning Guidelines and Procedures for Investment Licensing and Facilities. As regards the oil and gas sub-sector, the regulation states that a permanent business entity may apply for a permit to establish a foreign representative office in the oil and gas sub-sector through the Electronic Investment Information and Licensing Services. Foreign representative office permits are valid for three years and are extendable.

Healthcare & Life Sciences

New regulation regarding pharmaceutical and medical devices industries pushes for more local content
Indonesia | 10 May 2017

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.