BKPM REGULATION NO 14 OF 2017
|
|
- Griselda Nicholson
- 5 years ago
- Views:
Transcription
1 BKPM REGULATION NO 14 OF 2017 Guidelines and Procedures for Investment Supervision and Controlling 28 February 2018 Deputy Chairman for Supervision and Controlling Investment Coordinating Board
2 Investment Realisation Target ,000 3, ,0 3,000 2, ,6 113,6% 2,000 1,500 1, ,9% 1.634,7 10,4% 13,0% ,4% 932,9 765, ,4 545,4 612,8 692, ,6 1, ,5 216,2 262,3 365,9 396,6 430,5 477, % Target Realisation Target Realisation Target Realisation Target Target Target Realisation increase Total 519,5 545,4 594,8 612,8 678,8 692,8 765,0 932, , ,7 113,6% Total (US$ Billion) 39,1 41,0 44,7 46,1 51,0 51,9 57,5 70,1 262,4 122,9 113,5% DDI 175,8 179,5 208,4 216,2 249,8 262,3 287,6 363, ,6 513,0 150,4% FDI 343,7 365,9 386,4 396,6 429,0 430,5 477,4 569, , ,7 96,7% FDI & DDI Investment Realisation period Jan-Dec 2017: Rp T (102.1 % of the target) Y-o-Y 2016: 12.7%, US$ Rate Q I and II 2016: US$ 1 = Rp 13,000.- US$ Rate Q III and IV 2016: US$ 1 = Rp 13,500.- US$ Rate Q I and II 2017: US$ 1 = Rp 13,300.- US$ Rate Q III and IV 2017: US$ 1 = Rp 13,
3 Investment Realisation Target : Rp Trillion US$ 262,4 Billion Increase (Realisation) : Rp 1.634,7 Trillion US$ 122,9 Billion 113.6% (Realized Target) : Rp 1.851,0 Trillion US$ 140,3 Billion 53.0% of Target Source: Indonesia Investment Board, January 2018
4 Investment Commitment Rp 5,388.3 Trillion US$ Billion PMA Rp3,106.8 Trillion (57.7%) PMDN Rp2,281.5 Trillion (42.3%) Sumatera Rp 1,010.6 Trillion (18.8%) Jawa Rp 2,553.8 Trillion (47.4%) Sulawesi Rp Trillion (13.0%) Bali & Nusa Tenggara Rp Trillion (4.9%) Kalimantan Rp Trillion (14.2%) Maluku & Papua Rp 93.9 Trillion (1.7%)
5 INVESTMENT SUPERVISION AND CONTROLLING GUIDANCE (Norm Standard Procedure & Criteria / NSPK) Presidential Regulation No. 91 of 2017 on Acceleration of Business Operations Investment Activities Guidance BKPM Regulation No 13 of 2017, and BKPM Regulation No 14 of
6 General (Article 4) SCOPE OF SUPERVISION AND CONTROLLING MONITORING OUTPUT Data on investment realisation and investment problems IMPLEMENTATION Investor Report : - Inv. Activities Report (LKPM): Construction Stage (quarterly) Production Stage (6 months) - Representative Office Report - Checklist Commitment Update SUPERVISION & CONTROLLING SUPERVISION Understanding the rules and regulation as well as facilitation of investment problems Supervision and socialization on investment regulation Supervision and Investment problems facilitation Facilitation on Investment realisation acceleration ACHIEVED INVESTMENT TERGET Quality Quantity CONTROLLING On Track Investment Activities Controlling on : Evaluation on IP/PI/IU including Commitment checklist Indication of violation on regulatory requirements Utilization of Import Duty Exemption Industrial Business License and Expansion Business License application 6
7 MONITORING BEFORE AFTER (Article 18 (Article 20 BKPM 11 13Regulation BKPM Regulation no. 17/2015) no. 17/2015) (Article BKPM Regulation no. 14/2017) Construction stage Project : report quarterly Operation stage Project : report every 6 months LKPM LKPM Construction stage Project : report quarterly Operation stage Project : report every 6 months Company with Business License (IU) without investment registration (PI) report every 6 months after provide notification of started production Realisation on import duty exemption facility Must be reported 7 days after SPPB date Realisation on Import Identification Number Must be reported quarterly Import Realisati on Import Realisati on Realisation on import duty exemption facility must be reported 7 days after SPPB date Realization on Import Identification Number must be reported quarterly KPPA report yearly KP3A report every 6 months Rep. Office Activities Rep. Office Activities Foreign Company Representative Office/KPPA & Foreign Company Trade Representative Office/KP3A report every 6 months Foreign Company Construction Representative Office/BUJKA report yearly: At January 10, in the year after Update on Commitment checklist Company with temporary Business Licenses Must update its commitment checklist every month thru updating company folder 7
8 SUPERVISION BEFORE AFTER (Article BKPM Regulation no. 17/2015) (Articlel BKPM Regulation no. 14/2017) Supervision or holding workshop or technical guidance or direct dialogue with investor Facilitating company to accelerate investment projects in a form of ease of doing business Providing consultation Fasilitating Investment Problems Escorting company with investment licenses to accelerate national strategic projects Blocking access rights (flag) can be imposed on the company that has disputing problem among shareholders and may be reopened after reaching an agreement. Coordination with Task Force in facilitating problems exist in business licenses. The results of facilitation (debottlenecking), are recorded in standard note and monitored regularly. 8
9 SUPERVISION FLOW OF FACILITATING PROBLEMS ON INVESTMENT ACTIVITIES (Article 18) Lined Ministries RegionaI institution Other parties FACILITATION REQUEST Identification and verification Coordination with technical ministries, region institution & other Coordination with National Task Force, Provinces, and Districts results (optional) 9
10 CONTROLLING BEFORE (Article BKPM Regulation 17/2015) Evaluation based on Investment Licenses and non Licenses; Indication of violation; Utilization of Import Duty Exemption, and non fiscal facilities (manpower). AFTER (Article BKPM Regulation no. 14/2017) Evaluation on IP/PI/IU including Commitment checklist; Indication of violation on regulatory requirements; Utilization of Import Duty Exemption; Industrial Business License and Expansion Business License application; 5 Supervision request from Deputy for Investment Services and/or lined Ministries Prosess of sanction; Proposed revocation of investment licenses. Investigation report (BAP) for Industrial Business License (IUI) No later than 5 working days Investment 100B Investment < 100B Rejection of investigation Report 10
11 CONTROLLING CONTROLLING FOR INDUSTRIAL BUSINESS LICENSE (Article 20) 1 Investment < Rp 100 B Investment Rp 100 B Information Technology On site supervision 2 Information Technology 11
12 ADMINISTRATIVE ACTIONS BEFORE (Article BKPM Regulation no. 17/2015) Administrative Action, consists of : Cancellation of Investment License; Revocation of Investment License; Imposition of sanction. AFTER (Article Regulation BKPM 14/2017) Administrative Action in Investment Controlling Activities Article 26 Article 27 Revocation based on company request Revocation based on Court decision CANCELLATION Article 29 Article 30 Closing of Representative Office Imposition of sanction 12
13 ADMINISTRATIVE SANCTIONS Base : Proposed by BKPM, DPMPTSP Province, District/City, Board of FTZ dan Special Economic Zone Administrator Proposed by lined Ministrities Reasons : Evaluation results from Investment Activities Controlling Unit Fail to fulfill obligations Fail to fulfill responsibilities Committing an offense Meet the criteria for sanction imposition of lined Ministries Fail to fulfill Commitment Checklist and fail to start construction Stages of Sanction imposition : 1. Online written warning; 2. Suspension of business, and/ investment facilities; 3. Termination of business activities; 4. Revocation of business activirties. Stages pof sanction imposition : 1. Online written warning; 2. Restriction on business activities; 3. Suspension of business, and/ investment facilities; 4. Revocation of business activities and / licenses and / investment. 13
14 EFFECTIVE DATE (Article 43-44) BKPM Regulation No. 14 of 2017 will be fully implemented on: DPMPTSP Provinces, FTZ/KPBPB and SEZ/KEK 14
15 Thank you Badan Koordinasi Penanaman Modal (BKPM) Indonesia Investment Coordinating Board Jln. Jend. Gatot Subroto No. 44 Jakarta Indonesia t f e info@bkpm.go.id Thank You
INDONESIA INVESTMENT COORDINATING BOARD. Press Release Investment Realization in the Second Quarter of 2016 Rose 12.3 %
INDONESIA INVESTMENT COORDINATING BOARD Press Release Investment Realization in the Second Quarter of 2016 Rose 12.3 % Jakarta, July 29th 2016 The Chairman of the Indonesia Investment Coordinating Board/Badan
More informationPress Release Investment Realization of January - September 2017: Rp Trillion, 75.6% of the 2017 s Target
INDONESIA INVESTMENT COORDINATING BOARD Press Release Investment Realization of January - September 2017: Rp. 513.2 Trillion, 75.6% of the 2017 s Target Jakarta, October 30 th 2017 On the third Quarter/Q3
More informationINVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA COPY REGULATION OF INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA NUMBER 14 OF 2017
INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA COPY REGULATION OF INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA NUMBER 14 OF 2017 CONCERNING GUIDELINES AND PROCEDURES FOR CONTROL OF INVESTMENT
More informationREGULATION OF INVESTMENT COORDINATING e-licensing BOARD NO. 13 of 2017
Shifting to digital age : Toward paperless licensing REGULATION OF INVESTMENT COORDINATING e-licensing BOARD NO. 13 of 2017 Deputy Chairman for Investment Services ONE STOP SERVICE CENTER - BKPM Jakarta,
More informationPresidential Regulation No 91/2017 on Acceleration of Doing Business
Investment Policy Updates: Presidential Regulation No 91/2017 on Acceleration of Doing Business INDONESIA INVESTMENT COORDINATING BOARD Farah Ratnadewi Indriani Deputy Chairman for Investment Climate Development
More informationCOPY REGULATION OF THE CHAIRMAN OF INVESTMENT COORDINATING BOARD REPUBLIC OF INDONESIA NUMBER 17 OF 2015
CHAIRMAN OF INVESTMENT COORDINATING BOARD REPUBLIC OF INDONESIA COPY REGULATION OF THE CHAIRMAN OF INVESTMENT COORDINATING BOARD REPUBLIC OF INDONESIA NUMBER 17 OF 2015 ON GUIDELINES AND PROCEDURES FOR
More informationINDONESIA I N V E S T I N. Indonesia Investment Climate and How to Approach the Indonesian Market. invest in
invest in Indonesia-Australia Business Conference Yogyakarta, 17 November 2015 I N V E S T I N INDONESIA Indonesia Investment Climate and How to Approach the Indonesian Market INDONESIA INVESTMENT COORDINATING
More informationInvesting in Indonesia: Perspectives from Regulators and Business Boston University Asian Alumni Festival
Investing in Indonesia: Perspectives from Regulators and Business Boston University Asian Alumni Festival Thomas Trikasih Lembong Chairman of Indonesia Investment Coordinating Board (BKPM) Jakarta, 3 November
More informationINVESTING IN INDONESIA Investment Policy & Opportunity
invest in Taipei, 30 May 2014 INVESTING IN INDONESIA Investment Policy & Opportunity Mohamad Faizal Director of Investment Dept., IETO 2014 by Indonesian Investment Coordinating Board. All rights reserved
More informationOne Stop Integrated Services Geothermal Licensing
invest in BKPM 2016 One Stop Integrated Services Geothermal Licensing INDONESIA INVESTMENT COORDINATING BOARD Hanung Harimba Rachman Director of Investment Planning for Agribusiness and Natural Resources,
More informationADVISORY NEW REGULATION ON CAPITAL INVESTMENT LICENSING AND FACILITIES. March 2018
NEW REGULATION ON CAPITAL INVESTMENT LICENSING AND FACILITIES Introduction The Investment Coordinating Board (Badan Koordinasi Penanaman Modal/ BKPM ) issued two new sets of regulations on investment,
More informationINVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA COPY OF REGULATION OF INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA NUMBER 13 OF 2017
INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA COPY OF REGULATION OF INVESTMENT COORDINATING BOARD OF REPUBLIC OF INDONESIA NUMBER 13 OF 2017 CONCERNING GUIDELINES AND PROCEDURES OF INVESTMENT
More informationInvesting in Indonesia:
invest in Prepared for Indonesia Investment Seminar, ASEAN-Japan Centre Fukuoka, 10 July 2014 Investing in Indonesia: Opportunities for Growth INDONESIA INVESTMENT COORDINATING BOARD Rudy Salahuddin Director
More informationINDONESIAINVESTMENT OUTLOOK AND POLICY DEVELOPMENT
invest in INDONESIAINVESTMENT OUTLOOK AND POLICY DEVELOPMENT Jakarta, 16 September 2014 INDONESIA INVESTMENT COORDINATING BOARD (BKPM) 2014 by Indonesian Investment Coordinating Board. All rights reserved
More informationInsights and Commentary from Dentons
Insights and Commentary from Dentons The combination of Dentons and Hanafiah Ponggawa & Partners (Indonesia) offers our clients access to 9000+ lawyers in 167 locations and 73 countries around the world.
More informationAPPENDIX I COORDINATING BOARD OF THE REPUBLIC OF INDONESIA NUMBER 6 OF 2018 CONCERNING INVESTMENT FACILITIES FORM OF BUSINESS LICENSE
APPENDIX I REGULATION OF THE INVESTMENT COORDINATING BOARD OF THE REPUBLIC OF INDONESIA NUMBER 6 OF 2018 CONCERNING GUIDELINES AND PROCEDURES OF LICENSE AND INVESTMENT FACILITIES FORM OF BUSINESS LICENSE
More informationINDONESIA INVESTMENT UPDATE
INDONESIA INVESTMENT UPDATE November, 2 nd 2018 Outline 1. Indonesia as Investment Destination 2. FDI Performance in Indonesia (2013-S1 2018) 3. Japan Investment in Indonesia (2013-S1 2018) 4. Investment
More informationPT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of March 31, 2013
PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of March 31, 2013 Disclaimer IMPORTANT: The following forms part of, and should be read in conjunction with, the other material
More informationINVESTMENT COORDINATING BOARD
invest in Indonesia Investment Promotion Tokyo, 4 March 2014 INDONESIA Investment and Economic Outlook INDONESIA INVESTMENT COORDINATING BOARD Mahendra Siregar Chairman 2014 by Indonesian Investment Coordinating
More informationIndonesia Investment Updates & Japan Investment Overview
Indonesia Investment Updates & Japan Investment Overview Jakarta, 15 February 2019 Wisnu Wijaya Soedibjo Deputy Chairman for Investment Cooperation, Indonesia Investment Coordinating Board, BKPM Indonesia
More informationPROMOTING REGULATORY REFORM FOR INVESTMENT IN INDONESIA
PROMOTING REGULATORY REFORM FOR INVESTMENT IN INDONESIA RALDI HENDRO KOESTOER Office of Coordinating Ministry for Economic Affairs, Republic of Indonesia (CMEA-RI) APEC High Level Conference on Structural
More informationPublic Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized. Public Disclosure Authorized
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Draft 6 January 2008 A Note on the Indonesian Sub-National Government Surplus, 2001-2006
More informationPRESIDENT THE REPUBLIC OF INDONESIA
GOVERNMENT REGULATION OF NUMBER 18 YEAR 2015 CONCERNING INCOME TAX FACILITIES FOR CAPITAL INVESTMENT IN CERTAIN BUSINESS FIELDS AND/OR CERTAIN REGIONS BY THE BLESSING OF THE ONE AND ONLY ALMIGHTY GOD THE
More informationIndonesia Financial Services Authority Brahma Setyowibowo
Indonesia Financial Services Authority Brahma Setyowibowo Any views, expressed in this presentation are those of the author, and are not the official views of the Indonesian FSA 1 Scheme of Presentation
More informationMinister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER : 45/M-DAG/PER/9/2009
Minister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER : 45/M-DAG/PER/9/2009 CONCERNING IMPORTER IDENTITY NUMBER (API) BY THE GRACE OF GOD
More informationTHE CHRONICLE OF INFORMAL SOURCES OF INDONESIA BUSINESS LAW : SET UP BUSINESS IN INDONESIA
THE CHRONICLE OF INFORMAL SOURCES OF INDONESIA BUSINESS LAW : SET UP BUSINESS IN INDONESIA Nurnaningsih Amriani University of Sumatera Utara (USU), Medan, Indonesia Email: ninink207@yahoo.com ABSTRACT
More informationTHE MINISTRY OF ENVIRONMENT AND FORESTRY DIRECTORATE GENERAL OF FORESTRY ENTERPRISES
THE MINISTRY OF ENVIRONMENT AND FORESTRY DIRECTORATE GENERAL OF FORESTRY ENTERPRISES REGULATION OF DIRECTOR GENERAL OF FORESTRY ENTERPRISES NUMBER: P.15/VI-BPPHH/2014 CONCERNING STIPULATION MECHANISM OF
More informationInvesting in Indonesia
Investing in Indonesia Investment Opportunities and Policy in Indonesia s Fisheries Industry Jakarta, 9 March 2017 INDONESIA INVESTMENT COORDINATING BOARD (BKPM) Ir. M. M. Azhar Lubis, M.A Deputy Chairman
More informationRemarks by Chairman of BKPM
Remarks by Chairman of BKPM 3rd Indonesia Investment Forum 2018 Kuala Lumpur, 19 April 2018 Indonesia has a large and diverse economy WHERE ON EARTH The largest economy in SE Asia & member of G20 2 Indonesia
More informationBKPM Simplifies Investment Regulation in Indonesia. BKPM Regulation 16/2015 on Guidelines and Procedures for Investment Facilities
BKPM Simplifies Investment Regulation in Indonesia As of December 11, 2017, BKPM issued BKPM Regulation 13 on Guidelines and Procedures for Investment Licensing and Facilities (Peraturan BKPM No.13 Tahun
More informationCurrent Status and Future Agenda of the Treasury and Budget Reform in Asia Pacific Region
2013/SFOM11/018 Session: 5.3 Current Status and Future Agenda of the Treasury and Budget Reform in Asia Pacific Region Purpose: Information Submitted by: Indonesia 11 th Senior Finance Officials Meeting
More informationPRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA. Number: 25 of 2007 CONCERNING INVESTMENT
PRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA Number: 25 of 2007 CONCERNING INVESTMENT Logo BKPM THE INVESTMENT COORDINATING BOARD (BADAN KOORDINASI PENANAMAN MODAL) Jl. Gatot
More informationONLINE SINGLE SUBMISSION
27 31 Mar, Aug, 2018 NEWSLETTER ONLINE SINGLE SUBMISSION On 21 June 2018, President of the Republic of Indonesia, Joko Widodo issued and enacted Governmental Regulation No. 24 Year 2018 concerning Electronically
More informationImplementation Status & Results Indonesia National Community Empowerment Program In Urban Areas For (P125405)
Public Disclosure Authorized Public Disclosure Authorized The World Bank Implementation Status & Results Indonesia National Community Empowerment Program In Urban Areas For 2012-2015 (P125405) Operation
More informationREGULATION OF PRESIDENT OF THE REPUBLIC OF INDONESIA NUMBER 13 YEAR 2018 REGARDING IMPLEMENTATION OF PRINCIPLE OF CORPORATE BENEFICIARY
REGULATION OF PRESIDENT OF NUMBER 13 YEAR 2018 REGARDING IMPLEMENTATION OF PRINCIPLE OF CORPORATE BENEFICIARY IDENTIFICATION FOR PREVENTING AND ERADICATING CRIMINAL ACTIONS OF MONEY LAUNDERING AND TERRORISM
More informationDocument Courier Pickup Domestic (within Indonesia only)
Document Courier Pickup Domestic (within Indonesia only) The information provided in this document is especially for visa applicants who wish for PT VFS Services Indonesia (hereinafter referred to as VFS)
More informationImplementation Status & Results Indonesia FOURTH NATIONAL PROGRAM FOR COMMUNITY EMPOWERMENT IN RURAL AREA (PNPM IV) (P122810)
Public Disclosure Authorized Public Disclosure Authorized The World Bank Implementation Status & Results Indonesia FOURTH NATIONAL PROGRAM FOR COMMUNITY EMPOWERMENT IN RURAL AREA (PNPM IV) (P122810) Operation
More informationImplementation Status & Results Indonesia National Community Empowerment Program In Urban Areas For (P125405)
Public Disclosure Authorized Public Disclosure Authorized The World Bank Implementation Status & Results Indonesia National Community Empowerment Program In Urban Areas For 2012-2015 (P125405) Operation
More informationImplementation Status & Results Indonesia FOURTH NATIONAL PROGRAM FOR COMMUNITY EMPOWERMENT IN RURAL AREA (PNPM IV) (P122810)
Public Disclosure Authorized Public Disclosure Authorized The World Bank Implementation Status & Results Indonesia FOURTH NATIONAL PROGRAM FOR COMMUNITY EMPOWERMENT IN RURAL AREA (PNPM IV) (P122810) Operation
More informationIndonesia Investment Updates on Eco- Products
Indonesia-Japan 60 TH Anniversary Workshop for Forest Business Indonesia Investment Updates on Eco- Products IMAM SOEJOEDI DIRECTOR OF INVESTMENT PROMOTION 4 December 2018 INVESTING IN INDONESIA: WHY NOW?
More informationMixed picture for Indonesia s garment sector
Indonesia Garment and Footwear Sector Bulletin Issue I September 2017 Mixed picture for Indonesia s garment sector By Richard Horne and Marina Cruz de Andrade Regional Office for Asia and the Pacific horne@ilo.org
More informationASTI HOLDINGS LIMITED Company Registration No.: C (the Company )
ASTI HOLDINGS LIMITED Company Registration No.: 199901514C (the Company ) PROPOSED ACQUISITION OF SHARES REPRESENTING UP TO 55% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL OF PT. CAHAYA SAKTI 1. INTRODUCTION
More informationANALYST MEETING. PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of March 31, Jakarta, April 17 th 2017
ANALYST MEETING PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of March 31, 2017 Jakarta, April 17 th 2017 Disclaimer IMPORTANT: The following forms part of, and should be
More informationANALYST MEETING. PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of September 30, Jakarta, October 23 rd 2017
ANALYST MEETING PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of September 30, 2017 Jakarta, October 23 rd 2017 Disclaimer IMPORTANT: The following forms part of, and should
More informationANALYST MEETING. PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of June 30, Jakarta, July 18 th 2018
ANALYST MEETING PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of June 30, 2018 Jakarta, July 18 th 2018 Disclaimer IMPORTANT: The following forms part of, and should be read
More informationANALYST MEETING. PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of June 30, Jakarta, July 24 th 2017
ANALYST MEETING PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of June 30, 2017 Jakarta, July 24 th 2017 Disclaimer IMPORTANT: The following forms part of, and should be read
More informationTHE COORDINATING MINISTRY FOR ECONOMIC AFFAIRS PRESS RELEASE
THE COORDINATING MINISTRY FOR ECONOMIC AFFAIRS PRESS RELEASE Economic Policy Package VI Stimulating the Economy in Outlying Regions, Fair Provision of Water to the Population and Fast-Track Imports of
More informationThe Future of Indonesia s Cities
The Future of Indonesia s Cities Director for Urban Affairs, Housing and Settlement Ministry of National Development Planning/ National Development Planning Agency Indonesia 1 Rapid urbanization, absolute
More informationSEPTEMBER 2017 LEGAL ALERT. general. agrarian affairs and spatial planning
LEGAL ALERT SEPTEMBER 2017 SSEK Legal Alert is a monthly publication of SSEK, Indonesian Legal Consultants. SSEK s lawyers, advisors and associates provide a wide range of legal services to Indonesian
More informationBy Darmawan Djajusman Deputy Chairman of Investment Promotion INVESTMENT COORDINATING BOARD
Investment Climate and Opportunities in Indonesia By Darmawan Djajusman Deputy Chairman of Investment Promotion INVESTMENT COORDINATING BOARD INDONESIA Biggest archipelago country in the world - Island
More informationIndonesia: Navigating the Legal Landscape for Chinese Investors
Indonesia: Navigating the Legal Landscape for Chinese Investors Michael S. Carl michaelcarl@ssek.com SSEK Legal Consultants April 29, 2018 Indonesia The Promise President Joko Widodo (Jokowi) is trying
More informationPRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 24 YEAR 2011 THE IMPLEMENTING AGENCY OF SOCIAL SECURITY
LAW NUMBER 24 YEAR 2011 ON THE IMPLEMENTING AGENCY OF SOCIAL SECURITY BY THE GRACE OF THE GOD ALMIGHTY PRESIDENT, Consider : a. that the social security system shall be program of the state of which aimed
More informationPRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 24 OF 2011 CONCERNING THE SOCIAL SECURITY ADMINISTRATIVE BODY
PRESIDENT OF THE REPUBLIC OF INDONESIA LAW OF THE REPUBLIC OF INDONESIA NUMBER 24 OF 2011 CONCERNING THE SOCIAL SECURITY ADMINISTRATIVE BODY BY THE GRACE OF GOD ALMIGHTY, PRESIDENT OF THE REPUBLIC OF INDONESIA
More informationANALYST MEETING. PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of September 30, Jakarta, 25 th October 2018
ANALYST MEETING PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of September 30, 2018 Jakarta, 25 th October 2018 Disclaimer IMPORTANT: The following forms part of, and should
More informationANALYST MEETING. PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of June 30, Jakarta, July 25 th 2016
ANALYST MEETING PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of June 30, 2016 Jakarta, July 25 th 2016 Disclaimer IMPORTANT: The following forms part of, and should be read
More informationOFFICIAL BULLETIN OF STATISTICS
OFFICIAL BULLETIN OF STATISTICS CENTRAL STATISTICS AGENCY No. 2/05/TH.X/15 May 200 ECONOMIC GROWTH IN I NDONESIA, I ndonesia s econom ic growth in Q1/ 200, m easured by GDP expansion over Q4/ 200, reached
More informationNEWSLETTER NEW IMPLEMENTING REGULATIONS TO IMPLEMENT OSS SYSTEM. An Overview. Background. 10 August 2018
NEWSLETTER 10 August 2018 NEW IMPLEMENTING REGULATIONS TO IMPLEMENT OSS SYSTEM An Overview As a furtherance to Government Regulation No. 24 of 2018 on Online Single Submission ( OSS ) Services ( GR 24/2018
More informationINDOFOOD AGRI RESOURCES LTD. (Incorporated in the Republic of Singapore) (Company Registration No.: G)
INDOFOOD AGRI RESOURCES LTD. (Incorporated in the Republic of Singapore) (Company Registration No.: 200106551G) INDOFOOD AGRI RESOURCES LTD. PROPOSED ACQUISITION OF A MAJORITY INTEREST IN PT PERUSAHAAN
More informationSharing Experience on Innovation: Indonesia Innovation Initiative 1747
Sharing Experience on Innovation: Indonesia Innovation Initiative 1747 Ary Syahriar, Ph.D, DIC Special Staff to the Chairman of the National Innovation Council National Innovation Council of the Republic
More informationFormulating the needs for producing poverty statistics
Formulating the needs for producing poverty statistics wynandin imawan, wynandin@bps.go.id BPS-Statistics Indonesia 2 nd EGM on Poverty Statistics StatCom OIC, Ankara 19-20 November 2014 19 NOV 2014 1
More informationPT. BANK RAKYAT INDONESIA (PERSERO) Tbk. Financial Update Q Jakarta, October 2008
PT. BANK RAKYAT INDONESIA (PERSERO) Tbk. Financial Update Q3 2008 Jakarta, October 2008 Highlight on Indonesia s Macro Economy in 3Q 2008 Indonesia s macro economy is affected by the global economic turbulence.
More informationActions That You May Not Take:
IMPORTANT NOTICE This offering is available only to investors who are either (1) qualified institutional buyers (as defined below) under Rule 144A under the U.S. Securities Act of 1933, as amended (the
More informationDECISION OF THE BOARD OF DIRECTORS OF THE INDONESIA STOCK EXCHANGE INC.
DECISION OF THE BOARD OF DIRECTORS OF THE INDONESIA STOCK EXCHANGE INC. Number : Kep-00113/BEI/11-2015 Regarding : Rule Number I-R concerning Listing of Asset-Backed Securities in the Form of Participatory
More informationThe Urban Poverty Project - Indonesia: Lessons from the first Seven Years
The Urban Poverty Project - Indonesia: Lessons from the first Seven Years George Soraya and Ani Dasgupta May 10, 2007, New Delhi, Jakarta and Washington DC UPP starts as a response to the crisis Starts
More informationINTRODUCTION TO INDONESIA FINANCIAL SERVICES AUTHORITY (OJK) Japan, October 2018
1 INTRODUCTION TO INDONESIA FINANCIAL SERVICES AUTHORITY (OJK) Japan, October 2018 2 Outline Indonesia Financial Services Authority (OJK) Non-Bank Financial Institutions (NBFI) NBFI - Insurance Background
More informationANALYST MEETING. PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of December 31, Jakarta, February 13 th 2018
ANALYST MEETING PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of December 31, 2017 Jakarta, February 13 th 2018 Disclaimer IMPORTANT: The following forms part of, and should
More informationASIAN DEVELOPMENT BANK
ASIAN DEVELOPMENT BANK TAR: INO 34115 TECHNICAL ASSISTANCE TO THE REPUBLIC OF INDONESIA FOR FISCAL DECENTRALIZATION November 2001 CURRENCY EQUIVALENTS (as of 31 October 2001) Currency Unit Rupiah (Rp)
More informationBY GRACE OF THE GOD ALMIGHTY THE GOVERNOR OF BANK INDONESIA,
BANK INDONESIA REGULATION NUMBER 19/ 10 /PBI/2017 CONCERNING IMPLEMENTATION OF ANTI-MONEY LAUNDERING AND PREVENTION OF TERRORISM FINANCING FOR NON-BANK PAYMENT SYSTEM SERVICE PROVIDER AND NON-BANK MONEY
More informationWPG INDONESIA: FREQUENTLY ASKED QUESTIONS REGARDING FOREIGN INVESTMENT IN INDONESIA
WPG INDONESIA: FREQUENTLY ASKED QUESTIONS REGARDING FOREIGN INVESTMENT IN INDONESIA By Wongship and Makes & s, member firms of WPG, a regional law network. Frequently Asked Questions Regarding Foreign
More informationImplementation Status & Results Indonesia Local Government and Decentralization Project (P111577)
Public Disclosure Authorized Public Disclosure Authorized The World Bank Implementation Status & Results Indonesia Local Government and Decentralization Project (P111577) Operation Name: Local Government
More informationREPUBLIC OF INDONESIA GOVERNMENT REGULATION NUMBER 43 YEAR 2014 REGARDING IMPLEMENTING REGULATION FOR OF LAW NUMBER 6 OF 2014 REGARDING VILLAGES
Disclaimer This translation has been commissioned by the World Bank s Jakarta Office. The World Bank cannot guarantee the accuracy and correctness of the translation. REPUBLIC OF INDONESIA GOVERNMENT REGULATION
More informationEstablishing a business in Indonesia
Establishing a business in Indonesia Resource type: Country Q&A Status: Law stated as at 01 May 2015 Jurisdiction: Indonesia A Q&A guide to establishing a business in Indonesia. This Q&A gives an overview
More informationClient Alert. Indonesia s New Insurance Law. Contacts: Introduction. Notable Aspects of the New Insurance Law. October 2014
October 2014 Indonesia s New Insurance Law Authors: Mita Djajadiredja and Putra Nugraha Introduction On 23 September 2014, Indonesia s parliament (the DPR ) passed the insurance bill into law (the New
More informationember 2003CIRCULAR LETTER BANKS, SECURITIES BROKERS/DEALERS, AND RUPIAH AND FOREIGN EXCHANGE MONEY MARKET BROKERS
No.6/5/DPM Jakarta, February 16, 2004 ember 2003CIRCULAR LETTER To BANKS, SECURITIES BROKERS/DEALERS, AND RUPIAH AND FOREIGN EXCHANGE MONEY MARKET BROKERS Subject: Implementation and Settlement of Bank
More informationMinister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER : 12/M-DAG/PER/3/2009
------------------------------------------ AUTHORIZED TRANSLATION ------------------------------------------ Minister of Trade of the Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC
More informationThe revisions to the current income tax and value added tax laws are still under discussion. The main changes currently proposed are:
Highlights The amendment to the law on tax administration was passed in July 2007 and will come into effect 1 January 2008. Among the most significant changes are: The statute of limitations has been reduced
More informationHuman Capital and Economic Convergence in Indonesia : An Empirical Analysis
International Journal of Scientific and Research Publications, Volume 7, Issue 7, July 2017 439 Human Capital and Economic Convergence in Indonesia : An Empirical Analysis Anna Yulianita*, Didik Susetyo**,
More informationANALYST MEETING. PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of December 31, Jakarta, February 4th 2016
ANALYST MEETING PT Bank Tabungan Negara (Persero) Tbk. Business & Financial Performances as of December 31, 2015 Jakarta, February 4th 2016 Disclaimer IMPORTANT: The following forms part of, and should
More informationBANK INDONESIA REGULATION NUMBER 6 / 9 /PBI/2004 CONCERNING THE SUBSEQUENT ACTION FOR SUPERVISION AND DESIGNATION OF BANK STATUS
Unofficial Translation BANK INDONESIA REGULATION NUMBER 6 / 9 /PBI/2004 CONCERNING THE SUBSEQUENT ACTION FOR SUPERVISION AND DESIGNATION OF BANK STATUS THE GOVERNOR OF BANK INDONESIA, Considering: a. whereas
More informationinspired ABCSystem ManagingTaxHoliday Thewrongideasabout Togetherwegrow HadoriSugiartoAdi&Rekan AmemberofHLBInternational
inspired Togetherwegrow ManagingTaxHoliday Thewrongideasabout ABCSystem HadoriSugiartoAdi&Rekan AmemberofHLBInternational Vol.02 September2015 Table of contents 1 Foreword 2 Managing Tax Holiday 3 The
More informationCOPY OF REGULATION OF THE MINISTER OF FINANCE THE REPUBLIC OF INDONESIA NUMBER 227/PMK.010/2012 CONCERNING
Unofficial Translation MINISTER OF FINANCE COPY OF REGULATION OF THE MINISTER OF FINANCE THE REPUBLIC OF INDONESIA NUMBER 227/PMK.010/2012 CONCERNING THE AMENDMENT OF THE REGULATION OF THE MINISTER OF
More informationOJK: Foreign capital in insurance industry complies with the law
OJK: Foreign capital in insurance industry complies with the law Discussion with the Supervising Deputy Commissioner of the Non-Bank Financial Industry (NBFI) of the Financial Service Authority, Edy Setiadi.
More informationFINANCIAL SERVICES AUTHORITY OF THE REPUBLIC OF INDONESIA COPY REGULATION OF THE FINANCIAL SERVICES AUTHORITY NUMBER: 4/POJK.
FINANCIAL SERVICES AUTHORITY OF THE REPUBLIC OF INDONESIA COPY REGULATION OF THE FINANCIAL SERVICES AUTHORITY NUMBER: 4/POJK.05/2013 CONCERNING FIT AND PROPER TEST OF KEY PERSONS IN INSURANCE COMPANIES,
More informationWITH THE BLESSING OF GOD ALMIGHTY THE BOARD OF COMMISSIONERS OF FINANCIAL SERVICES AUTHORITY,
UNOFFICIAL TRANSLATION Disclaimer: this document is an unofficial English translation of the original Indonesian text of Financial Services Authority Regulation Number 13/POJK.03/2017 concerning The Use
More informationIndonesia Fiscal Policy: Stimulus in the crisis time & long term development
ESCAP High-level Policy Dialogue Ministry of Finance of the Republic of Indonesia International Economic Summit Eleventh Bank Indonesia Annual International Seminar Macroeconomic Policies for Sustainable
More informationMinistry of Trade Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER: 31/M-DAG/PER/8/2008 CONCERNING
Ministry of Trade Republic of Indonesia REGULATION OF THE MINISTER OF TRADE OF THE REPUBLIC OF INDONESIA NUMBER: 31/M-DAG/PER/8/2008 CONCERNING FRANCHISING BY THE GRACE OF THE GOD ALMIGHTY THE MINISTER
More informationKecamatan Development Program M a y 2002
Kecamatan Development Program Brief Overview M a y 2002 Introduction The Kecamatan Development Program (KDP) is a Government of Indonesia effort to alleviate poverty in rural communities and improve local
More informationThe Republic of Indonesia Recent Economic Developments
The Republic of Indonesia Recent Economic Developments March 2013 About Investor Relations Unit (IRU) ABOUT THE REPUBLIC OF INDONESIA INVESTOR RELATIONS UNIT The Republic of Indonesia Investor Relations
More informationMINISTRY OF FINANCE OF REPUBLIC OF INDONESIA CAPITAL MARKET AND FINANCIAL INSTITUTION SUPERVISORY AGENCY
MINISTRY OF FINANCE OF REPUBLIC OF INDONESIA DECISION OF CHAIRMAN OF CAPITAL MARKET AND FINANCIAL INSTITUTION SUPERVISORY AGENCY DUPLICATE OF DECISION OF CHAIRMAN OF CAPITAL MARKET AND FINANCIAL INSTITUTION
More informationPT Semen Indonesia (Persero) Tbk. And the Prospect of Indonesia Cement Industry. Corporate Presentation - April 2018
PT Semen Indonesia (Persero) Tbk. And the Prospect of Indonesia Cement Industry Corporate Presentation - April 2018 Cement Companies in Indonesia Domestic Capacity 2017 Total 107.4 Mio Ton 2017 SMGR market
More informationASEAN-CHINA AGREEMENT ON TRADE IN SERVICES ANNEX 2/SC3 INDONESIA. Schedule of Specific Commitments AC-TIS/SC3/INO
ASEAN-CHINA AGREEMENT ON TRADE IN SERVICES ANNEX 2/SC3 INDONESIA Schedule of Specific For the 3 rd Package of under ASEAN - China FTA Trade in Services I. HORIZONTAL COMMITMENTS ALL SECTORS INCLUDED IN
More informationDocument Courier Pickup Domestic (within Indonesia only)
Document Courier Pickup Domestic (within Indonesia only) The information provided in this document is especially for visa applicants who wish for PT VFS Services Indonesia (hereinafter referred to as VFS)
More informationNew Regulation on Investment: Improved Clarity in Some Areas, but Questions Remain
New Regulation on Investment: Improved Clarity in Some Areas, but Questions Remain BKPM recently updated its regulations to streamline procedural and licensing requirements for investment companies. The
More informationIndonesia: Decentralization Opportunities and Risks
IMF and World Bank Resident Mission Indonesia: Decentralization Opportunities and Risks Ehtisham Ahmad and Bert Hofman This paper is based on the report of a joint FAD-World Bank team: Indonesia: Decentralization
More informationLoan Agreement. (Eastern Indonesia Region Transport Project) between REPUBLIC OF INDONESIA. and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
CONFORMED COPY LOAN NUMBER 4643 IND Loan Agreement (Eastern Indonesia Region Transport Project) between REPUBLIC OF INDONESIA and INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Dated January 22,
More informationAPPLYING HEALTH FINANCING DIAGNOSTICS INDONESIA S EXPERIENCE
APPLYING HEALTH FINANCING DIAGNOSTICS INDONESIA S EXPERIENCE May 2, 2016 Background Health Status Rate per 1,000 live births 20 40 60 80 0 Indonesia s health status has improved significantly: life expectancy
More informationMARCH 2014 LEGAL ALERT. banking
LEGAL ALERT MARCH 2014 SSEK Legal Alert is a monthly publication of SSEK, Indonesian Legal Consultants. SSEK s lawyers, advisors and associates provide a wide range of legal services to Indonesian and
More informationWHAT ARE CHALLENGES TO ACHIEVE INCLUSIVE DEVELOPMENT, TECHNOLOGY TRANSFER, EMPLOYMENT CREATION AND HUMAN DEVELOPMENT THROUGH QUALITY INFRASTRUCTURE
WHAT ARE CHALLENGES TO ACHIEVE INCLUSIVE DEVELOPMENT, TECHNOLOGY TRANSFER, EMPLOYMENT CREATION AND HUMAN DEVELOPMENT THROUGH QUALITY INFRASTRUCTURE SUHARSO MONOARFA Tokyo September 2018 THE CHALLENGES
More informationA DECREE OF THE MINISTER OF FINANCE NUMBER 512/KMK.06/2002 CONCERNING DIRECT INSPECTION OF PENSION FUNDS
ANNEX IV.14 A DECREE OF THE MINISTER OF FINANCE NUMBER 512/KMK.06/2002 CONCERNING DIRECT INSPECTION OF PENSION FUNDS A DECREE OF THE MINISTER OF FINANCE NUMBER 512/KMK.06/2002 CONCERNING DIRECT INSPECTION
More informationCIRCULAR LETTER. To ALL NON-BANK MONEY CHANGERS IN INDONESIA
No. 6/ 13 /DPM Jakarta March 11, 2004 CIRCULAR LETTER To ALL NON-BANK MONEY CHANGERS IN INDONESIA Concerning : The Procedure for Licensing, the Application of Know Your Customer Principle, the Supervision,
More information