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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…
ESG Update: Key takeaways of Minister of Environment and Forestry Regulation No. 21 of 2022 on the Guidelines of Carbon Economic Value Implementation
Recently, the Minister of Environment and Forestry (“MOEF”) Regulation No. 21 of 2022 regarding the Guidelines of Carbon Economic Value Implementation (“MOEF Reg 21/2022”) was issued as the implementing regulation of PR 98/2021 to provide detailed provisions for the execution of NEK.
Electric Vehicles Regulations in Indonesia
This ARMA Update will discuss the general provisions regulated in various regulations from multiple sectors such as the energy, industry, and transportation sectors regarding the development and usage of EVs in Indonesia.
Acceleration of Renewable Energy Development for Electricity Provision
In this Presidential Regulation, certain key points to reach those goals are regulated such as the restriction of operational period for steam power plants, limitation of new steam power plants construction, obligation to use local components in order to implement Electric Supply Business Plan by PT Perusahaan Listrik Negara ("PLN"), pricing of electricity based on a renewable source, electricity procurement, and many other provisions.
Introductory to Indonesia’s Newly Enacted Personal Data Protection Law
This ARMA Update will discuss the overview of PDP Law and how it will affect any subject including individuals, companies, local organizations, international organizations, and other parties that conduct activities as referred to in the PDP Law.
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”).
This ARMA Update will discuss the amendments stipulated in MoT Reg/40/2022.
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.
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…
Enforcement of the New Format of Taxpayer Identification Number (Nomor Pokok Wajib Pajak – NPWP)
The National Identity Number (Nomor Induk Kependudukan – NIK) will be the identity number of individual taxpayers (replacing the role NPWP – Nomor Pokok Wajib Pajak)