ARMA Updates

• ARMA UpdatesNovember 11, 2022

  Consumer Protection in Financial Service Business: The Prohibition of Using Force in Debt Collecting

    The Corona Virus Disease 2019 (Covid-19) pandemic has brought many impacts and changes to human life. One of the most significant impacts and changes is the delay in business activities which causes the termination of employment relationships of workers in almost all industries. The layoffs causes workers to lose their source of income. Even Read more…

• ARMA UpdatesNovember 8, 2022

  ESG Update: How Blockchain Technology Contributes to Climate Change Mitigation

    With the recent rise of digital technology, especially the current existence of trading through Blockchain systems, cryptocurrency trading is not the only virtual phenomenon that interests digital market traders. Many global companies have already adopted long-term risk management with the standard of Environmental Social Governance, including the effort to mitigate climate change through carbon Read more…

• ARMA UpdatesOctober 31, 2022

  ESG Update: Key takeaways of Minister of Environment and Forestry Regulation No. 21 of 2022 on the Guidelines of Carbon Economic Value Implementation

    Last year, the Presidential Regulation No. 98 of 2021 concerning the Implementation of Carbon Economic Value for Achieving Nationally Determined Contribution (“NDC”) Targets and Control of Greenhouse Gas (“GHG”) Emissions in National Development (“PR 98/2021”) was issued, which we have highlighted the critical points of PR 98/2021 in this ARMA Update. PR 98/2021 introduced Read more…

• ARMA UpdatesOctober 18, 2022

  Electric Vehicles Regulations in Indonesia

    In the spirit of the global environmentally friendly development, Indonesia has made efforts to push the local manufacturing and usage of Electric Vehicles (“EVs”) as well as its supporting infrastructure. To repress emission production and reaching the energy mix target, the Indonesian government has issued several laws and regulations from government and presidential regulations Read more…

• ARMA UpdatesOctober 3, 2022

  Acceleration of Renewable Energy Development for Electricity Provision

    On 13 September 2022, President of Indonesia enacted Presidential Regulation No. 112 of 2022 concerning the Acceleration of Renewable Energy Development for Electric Supply (“PR 112/2022). PR 112/2022 was made based on two main deliberation which are to accelerate the usage of renewable energy as an energy source as well as reducing greenhouse gas Read more…

• ARMA UpdatesSeptember 29, 2022

  Introductory to Indonesia’s Newly Enacted Personal Data Protection Law

    After an extensive absence of a comprehensive regulation concerning personal data, at long last, the People’s Representative Council of the Republic of Indonesia (Dewan Perwakilan Rakyat) passed the long-awaited personal data bill (“PDP Bill”) on 20 September 2022. After the legislative process of the PDP Bill, the President will sign and enact PDP Bill Read more…

• ARMA UpdatesSeptember 9, 2022

  Regulation of the Minister of Trade of the Republic of Indonesia No. 40 of 2022: Amendments concerning Goods Prohibited from Export and Goods Prohibited from Import

    On 14 June 2022, the Minister of Trade of the Republic of Indonesia (“Minister of Trade”) has enacted the Minister of Trade Regulation Number 40 of 2022 concerning Amendments to the Regulation of the Minister of Trade Number 18 of 2021 concerning Goods Prohibited from Export and Goods Prohibited from Import (“MoT Reg 40/2022”). Read more…

• ARMA UpdatesSeptember 6, 2022

  Circular Letter Number 208/BAPPEBTI/SE/08/2022: Moratorium of the Issuance of Registration Permits for Physical Crypto Assets Traders Candidates

    Indonesia’s Commodity Futures Trading Supervisory Agency (“Bappebti”) issued a Circular Letter Number 208/BAPPEBTI/SE/08/2022 concerning Moratorium of the Issuance of Registration Permits for Physical Crypto Assets Traders Candidates (“Circular”). The scope of the Circular is regarding the discontinuation of registration permits as one of licensing forms for Physical Crypto Assets Traders Candidates. Please see our Read more…

• ARMA UpdatesAugust 22, 2022

  DGMT Letter 12 2022: Fulfilment of Seaworthiness Requirements to Be Required for Containers-Shipping Barge

  In order to uphold the White List status of the Memorandum of Understanding on Port State Control in the Asia-Pacific Region (“Tokyo MoU”), Directorate General of Marine Transportation of the Republic of Indonesia (“DGMT”) has issued Director General of Marine Transportation Letter No. AL.012/3/11/DJPL/2022 of 2022 concerning Submission of Seaworthiness Requirements Fulfillment Obligation for Barges Read more…

• ARMA UpdatesAugust 15, 2022

  Enforcement of the New Format of Taxpayer Identification Number (Nomor Pokok Wajib Pajak – NPWP)

    In the last October 2021, the government enacted Law No. 7 of 2021 regarding Harmonization of Tax Regulations, which regulates and amends various provisions in the field of taxation, one of which is in the general provisions of taxation by stipulating that the National Identity Number (Nomor Induk Kependudukan – NIK) will be the Read more…