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The Minister of Manpower (“MoM”) has issued MoM Regulation (“MoMR”) Number 18 of 2022 on Minimum Wage Stipulation of 2023 (“Regulation”) on 16 November 2022. The Regulation sets that minimum wage consists of provincial minimum wage or municipality/city minimum wage based economic condition and manpower. The minimum wage stipulation is conducted towards (a) region which

The Minister of Energy and Mineral Resources (“MEMR”) has issued MEMR Decree Number: 259.K/GL.01/MEM.G/2022 on Implementation Standard of Groundwater Utilisation Permit (“Decree”) on 19 October 2022. The Groundwater Utilisation Permit (“Permit”) is defined as license to use and/or exploit groundwater to conduct business activity. The Decree regulates, among others, (i) the application of Permit now

The House of Representatives of the Republic of Indonesia has legalised the Personal Data Protection Bill (“PDP Bill”) on 20 September 2022. Previously, regulation in relation to personal data protection is regulated only for the scope of electronic system under (among others) Minister of Communication and Informatics Regulation Number 20 of 2016 on Personal Data

The Commodity Futures Trading Regulatory Agency or Badan Pengawas Perdagangan Berjangka Komoditi (“BAPPEBTI”) has issued Regulation Number 11 of 2022 on Determination of the List of Tradable Crypto Assets in the Physical Market for Crypto Assets (“New Regulation”) on 8 August 2022. The Regulation revokes previous BAPPEBTI regulation, i.e. BAPPEBTI regulation Number 7 of 2020 on Determination

The Financial Services Authority (“FSA”) has enacted Regulation No. 10/POJK.05/2022 on Information Technology-Based Collective Financing Services (“Regulation”) on 4 July 2022. The Regulation, among others, sets the requirements and prohibitions for the operator namely the other financing services institution being the pawnshop, guarantee institution, Indonesian export financing institution, secondary mortgage company, and institutions that organise