ARMA Updates

• ARMA UpdatesApril 10, 2023

  [Permenaker No 4 Tahun 2022] Key Updates on the Requirements for Old-Age Benefit Program (Jaminan Hari Tua – JHT)

    With the existence of industrial relations dynamic and aspirations that develop in society, it has been deemed necessary to make adjustments on the policy for labor protection in the field of social security for employment, one of which is the Old-Age Benefit Program (Jaminan Hari Tua – JHT). This program benefits aims to ensure Read more…

• ARMA UpdatesApril 4, 2023

  [Permenkumham No 10 Tahun 2023] Immigration Procedure for Children with Dual Citizenship Status Now Online

    In the matter of citizenship, Indonesia is one of among many countries which does not recognize multiple citizenship. However, Indonesia implements the principle of limited dual citizenship status. This is reflected on the Article 6 of Law Number 12 of 2006 regarding Citizenship of the Republic of Indonesia (“Citizenship Law”) which states that it Read more…

• ARMA UpdatesMarch 31, 2023

  [Permenaker No. 5 Tahun 2023] Adjustments To Working Hours and Wages for Certain Export-Oriented Industrial Companies Affected by Global Economic Changes

    With the recent global economic changes, it is no surprise that most Indonesian companies suffer setbacks in maintaining their business activities.  Such changes are sure to affect many industrial companies, especially export-oriented companies in which their sales and business activities are dependent on the global market demands from foreign countries and entities. To combat Read more…

• ARMA UpdatesFebruary 21, 2023

  Introduction of New Minimum Wage Formulation Through the Minister of Manpower Regulation No. 18 of 2022 concerning The Minimum Wage Enforcement for 2023

    On 16 November 2022, the Government of Indonesia has issued the Minister of Manpower Regulation No. 18 of 2022 concerning The Minimum Wage Determination for 2023 (“MoM 18/2022”), which intends to ensure labourer’s rights as well as maintaining the public purchasing power for 2023. This ARMA update will discuss concerning the new calculation formulas Read more…

• ARMA UpdatesFebruary 17, 2023

  The Establishment of Company in Indonesia

    The establishment of a company (pendirian pt) is governed by Law No. 40 of 2007 concerning Limited Liability Company as lastly amended by Government Regulation in lieu of Law No. 2 of 2022 concerning Job Creation (“Company Law”). According to Article 1 paragraph (1) of the Company Law, Limited Liability Company is a legal Read more…

• ARMA UpdatesFebruary 14, 2023

  Key Points on the Financial Sector Omnibus Law: General Overview

    On 12 January 2023, the House of Representatives (Dewan Perwakilan Rakyat – “DPR”) enacted Law No. 4 of 2023 regarding the Development and Strengthening of the Financial Sector (the “Financial Sector Omnibus Law“). This Financial Sector Omnibus Law regulates a combination of multi-sectoral and/or multi-institution regulations such as the provision of the financial institutions Read more…

• ARMA UpdatesFebruary 7, 2023

  Shipping & Maritime Update: ESG Aspect on Indonesia’s Maritime Industry

    Indonesia, as one of the countries with great potential for the maritime industry, aims to become a front liner of the world’s maritime industry and must be able to adapt to the development of the global maritime industry, including the adoption of Environment, Sustainability, and Governance (“ESG”) criteria on the global maritime industry. The Read more…

• ARMA UpdatesFebruary 3, 2023

  ESG and Climate Change Update: Carbon Trading for the Power Plant Subsector

    Over these past few years, the Indonesian government has issued monumental regulations regarding carbon trading as a way to tackle the global climate change issue. First, with the issuance of the Presidential Regulation No. 98 of 2021 concerning the Implementation of Carbon Economic Value for Achieving Nationally Determined Contribution (“NDC”) Targets and Control of Read more…

• ARMA UpdatesJanuary 30, 2023

  Granting of Second Home Visa and Stay Permit in Indonesia for Foreigners

    The process of foreigners gaining stay permits in Indonesia has been simplified and guide lined through the Directorate General of Immigration (“DGI”) Circular Letter No. IMI-0820.GR.01.01 of 2022 concerning Visa and Second Home Stay Permit (“DGI CL 0820/2022”), which was issued on 20 December 2022, to replace the DGI Circular Letter No. IMI-0740.GR.01.01 of Read more…

• ARMA UpdatesJanuary 20, 2023

  Agrarian Update: Guidelines on the Granting of Land Rights in Indonesia

    The Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency (“Minister”) issued the Decree Number 1339/SK-HK.02/X/2022 regarding the Granting of Land Rights in General (“Decree 1339/2022“) to implement the provisions of Article 2 paragraph (4) of the Regulation of the Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Read more…