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Indonesian Nickel Surplus Affects Global Market, Australian BHP’s Pause in Nickel Operations Signals Continued Price Decline

The global nickel ore market has struggled with severe oversupply issues, significantly impacting nickel prices and related industries. Indonesian government has introduced several policies to boost domestic nickel mining and smelting, leading to rapid increases in production. However, this rapid growth has resulted in an oversupply in the market, causing a declin…

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Indonesia Intensifies Fight Against Illegal Mining: Upgraded SIMBARA System Bolsters Tin and Nickel Oversight

In a significant move to curb illegal transactions involving tin and nickel, the Indonesian Government has introduced the latest development of the Ministry and Agency Mineral and Coal Information System (Sistem Informasi Mineral dan Batu Bara antara Kementerian dan Lembaga – “SIMBARA”). This updated system now includes oversight for tin and nickel commodities…

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Indonesian Government Forms Task Force to Monitor Illegal Imports and Imposes Protective Tariffs

On July 16, 2024, Indonesian media reported that the government will form a special task force to monitor illegal imports. This task force will consist of 19 ministries and agencies, including the Attorney General’s office and the police, overseeing the import of clothing, electronics, ceramics, shoes, and lamps…

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New Regulations for Foreign Investment in Indonesia’s Medical and Pharmaceutical Industry

In 2021, the Indonesian government, alongside foreign investments in the medical sector, maximized the development of the health industry to promote the expansion of health insurance. The Health Law issued in 2023 replaced mandatory health expenditures with a performance-based budgeting system guided by market demand. This law also introduced…

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Submission Deadline for the Investment Activity Report (LKPM)

LKPM is a report on the development of investment realization and issues faced by business actors that is obliged to be prepared and submitted regularly. LKPM is important for the government as it provides insight on investment potential, obstacles and policies that should be implemented by Furthermore, LKPM becomes important for business actors because…

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House of Representatives Passes the Mother and Child Welfare Law: 6 Months of Maternity Leave and Salary Guarantee for Mothers

The House of Representatives (DPR) has passed the Draft Law on Mother and Child Welfare (Kesejahteraan Ibu dan Anak or KIA) into Law during a plenary session of the DPR, Tuesday (6/4/2024). One of the key points of this law is the guarantee that a mother has the right to maternity leave for up to 6 months. This provision is stated in Article 4 Paragraph (3)…

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The United Kingdom as Your Child’s Ultimate Educational Adventure

The United Kingdom (UK) shines as a global hub of educational brilliance, offering a myriad of opportunities for students seeking an exhilarating learning voyage. With its prestigious schools, vibrant cultural experiences, and supportive environment for young learners, the UK emerges as the ultimate destination to cultivate your child’s academic prowess…

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The New BPJS Implementation System

President Joko Widodo has officially issued Regulation of the President No. 59 of 2024 on the Third Amendment to Regulation of the President No. 82 of 2018 on Health Insurance (“RP 59/2024”). Under this regulation, several changes have been made to the BPJS system, specifically the dismissal of the class system in BPJS and the adjustment of BPJS members…

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Schinder Consultant London Ltd.

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