ASEAN Corporate Governance Scorecard (ACGS) is a Corporate Governance parameter developed as an initiative of the ASEAN Capital Markets Forum (ACMF), aimed to improving corporate governance standards and practices in the ASEAN region…

Dismissal and resignation of directors are crucial aspects of corporate governance that address changes in the directorial position. While both involve a change in leadership, there are distinct differences in terms of reasons, procedures, and legal consequences…

Indonesia”s Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has reiterated the country’s vision for advancing its mining sector to strengthen Indonesia’s energy resilience. According to Minister Bahlil, Indonesia holds significant natural resource potential, particularly in nickel, with reserves accounting for 40-45% of the world’s total nickel supply…

The Financial Services Authority (Otoritas Jasa Keuangan or OJK) has highlighted the pressing need to establish bullion business operations in Indonesia. This initiative is in line with the mandate outlined in Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector…

President Prabowo Subianto has announced an average 6.5% increase in Indonesia’s minimum wage for 2025. This decision reflects careful consideration of business conditions and the needs of the population. The directive is formalized in Minister of Manpower Regulation No. 16 of 2024 on the Determination of the 2025 Minimum Wage…

Product registration at the Directorate General of Intellectual Property (DJKI) of the Ministry of Law is a crucial step in protecting the Intellectual Property Rights owned by individuals or companies. Intellectual Property Rights represent the protection of Intellectual Property through legal instruments…

In today’s rapidly evolving and competitive business landscape, mergers and acquisitions (M&A) and consolidation have become increasingly prevalent across various industries. These strategic corporate actions enable companies to broaden their market presence, access new technologies, or achieve greater operational efficiencies. However, despite the clear benefits,…

The Domestic Component Level (“TKDN”) policy is one of the Indonesian government’s strategies to promote national industrial growth, enhance economic self-reliance, and attract sustainable investment. TKDN has become a mandatory requirement for business actors, especially foreign investors, to support the use of domestic goods and services in all their business activities…

The government, through Minister of Finance Sri Mulyani Indrawati, has issued an Anti-Dumping Duty (“BMAD”) policy on imported ceramic tile products from China. This policy is outlined in the Minister of Finance Regulation (“PMK”) Number 70 of 2024, effective as of October 14, 2024, and will be enforced for the next five years…

Indonesia’s employment law landscape has recently undergone significant changes due to the Constitutional Court’s latest ruling, Number 168/PUU-XXI/2023, on the Omnibus Job Creation Law, issued on October 15, 2024 (“Constitutional Court”). Originally enacted on November 2, 2020, the Job Creation Law was designed to simplify Indonesia’s regulatory environment, stimulate economic growth, and attract foreign investment…