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Manpower Ministry Issues Regulation on Delegation of Licensing Authority to the BKPM In December 2017, the Indonesian Ministry of Manpower issued Regulation No. 22 of 2017 on the Implementation of the One-Stop Integrated Service for the Manpower Sector on the BKPM. Indonesian Government Publishes 2017 Cost of Electricity Generation Figures The Government just lately issued Decree No. 1772 K/20/MEM/2018 which illustrate the prices to PLN of procuring energy from the different systems/sub-systems throughout Indonesia. Indonesia’s PLN Invites Hydropower Developers to Prequalify Indonesia’s state-owned power utility PLN, has issued an invitation to hydropower developers to submit applications to be included on the List of Selected Providers for Indonesian hydropower initiatives with a capability of above 10MW. New Regulation in Managing Oil and Gas Working Areas with Expiring PSCs The authorities has issued MEMR Regulation No. 23 of 2018, which states that a PSC Contractor doesn’t automatically have the proper to a PSC extension. Procurement Arrangements in the Indonesian Construction and Projects Sector Under Indonesian Law No. 2 of 2017 (the “Construction Law”), procurement preparations in Indonesia are made via the execution of a construction work contract between the project owner/employer and the service provider/contractor. New Indonesian Manpower Regulation Changes Rules for Foreign Workers The Indonesian Ministry of Manpower has issued MOM Regulation Number 10 of 2018 on Procedures for the Utilization of Foreign Workers.

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Mandatory Use of Rupiah in Indonesia Indonesia’s central financial institution, Bank Indonesia, lately issued BI Regulation No. 17/3/PBI/2015 relating to the Mandatory Use of the Rupiah inside the Republic of Indonesia, which restricts using international foreign money in domestic transactions carried out inside Indonesian territory. New Regulation Prohibits Manufacturers from Importing Industrial/Finished Goods As a part of the government’s financial deregulation bundle issued on ninth September 2015, the Ministry of Trade has issued another new regulation on imports. This new regulation removes the provision which allowed holders of Producer Importer Identification Numbers to import certain industrial/finished goods. Ownership of Homes or Residences by Foreigners in Indonesia In in search of to handle previously ambiguous laws, Indonesia’s authorities has introduced a model new regulation which stipulates that foreigners who hold a legal stay allow are allowed to personal properties and house units in Indonesia.

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Kerala Excessive Court Docket Urges State Transport Commissioner To Ensure Motor Vehicles Strictly Follow Security Standards

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Regulation eight was issued to support the tax amnesty programmes initiated by the Indonesian authorities. The OJK Issues New Circular Letter on Micro-insurance Products Circular Letter 9, while not within the form of an OJK regulation, now prescribes an in depth method and approach to the distribution and sale of micro-insurance merchandise. Anti-Corruption Developments in Indonesia Indonesia has seen a rise within the number of circumstances processed by the KPK and have had three new anti-corruption rules enacted since 2016. Data Protection in Indonesia’s Financial Services Sector Minister of Communication and Informatics Regulation No.20 of 2016 strengthens the obligations to protect the private and monetary knowledge of customers by suppliers of electronic techniques.

Bank Indonesia Regulations on Foreign Exchange Transactions Bank Indonesia recently issued a quantity of regulations associated to foreign exchange transactions by Indonesian banks. These laws update existing laws issued by BI with the objective of creating a wholesome overseas trade market in Indonesia, as is defined in this transient abstract. New Negative Investment List Introduces Changes to Health Investment in Indonesia The Indonesian Government has launched the long-awaited New Negative Investment List, issued under Presidential Regulation No. 39 of 2014. Among the main modifications from previous rules is a rise in most overseas ownership levels in several key industries, together with the well being sector. Discrimination Law and Equality in Indonesia Indonesia doesn’t have an overarching anti-discrimination law; quite, a patchwork of laws and sector-specific laws prohibit discrimination and encourage equality.

Background Checks Under Indonesian Employment Law Employers in Indonesia incessantly perform background checks on applicants. Certain background checks are in follow topic to the consent of the applicant. This edition of our Luxembourg Legal Update covers, amongst different subjects, the Law of 24 July 2015 implementing FATCA, the Law of 23 July 2015 on the remuneration policies within the financial sector and the Bill of legislation N°6858 on the automated exchange of information on monetary accounts in tax issues. Is Senior Marketing Strategist at Healthcare Success Strategies, a knowledge pushed healthcare advertising company.

Indonesia’s OJK Issues Regulation on Quick Restructuring for Troubled Banks in Wake of COVID-19 The COVID-19 international pandemic has taken a toll on the Indonesian financial system, underlining the necessity for financial institutions to have adequate liquidity within the face of unsure times. Human Resources Managers and Directors, and Supervisors who deal with all types of people issues, together with hiring, promoting and firing. In a unanimous decision, Houston Community College System v. David Buren Wilson, the United States Supreme Court held on March 24, 2022, that an elected board of trustees may censure a trustee on the board and this motion was not a violation of the censured trustee’s First Amendment rights. This edition of our Luxembourg Legal Update covers, amongst other subjects, the Law of 6 April 2013 on the dematerialisation of securities and Bill N°6543 on electronic archiving. This version of our Luxembourg Legal Update covers, amongst other topics, the Law of 12 July 2013 which revises the Insurance Sector Law and the Law of 12 July 2013 implementing the AIFM Directive.

Issues mentioned embody motivation for healthy sleep, impact of sleep on cardiovascular, mental, weight and immune system status, circadian rhythm range, disorders and delay, CBT, dietary supplements for sleep and wakefulness, and more. Is a companion in Prescription Drug Consulting LLC, the place he focuses his efforts on danger mitigation and compliance initiatives to guard healthcare organizations, pharmacies and suppliers nationwide. His expertise consists of 30 years of public service as a DEA Special Agent, Special Agent in Charge of the Chicago Field Division where he directed all criminal enforcement and diversion control operations in the states of Illinois, Indiana, Wisconsin, Minnesota and North Dakota with a group of approximately 550 staff. While Decree 76 supplied some contract templates applicable to real estate business actions for reference solely, Decree 02 supplies eight contract templates that are mandatorily relevant to the related kinds of real property enterprise transactions. The Ministry of Manpower will be raising the qualifying wage from S$4,500 to S$5,000 and S$5,500 for model new EP purposes from 1 September 2022, and for EP renewals from 1 September 2023. In addition to meeting the qualifying wage, EP candidates should pass a points-based Complementarity Assessment Framework (“COMPASS”) for new EP purposes from 1 September 2023 and for EP renewals from 1 September 2024.

Given the context of Indonesia’s positive aspects in its equality rankings, this update provides an summary of the relevant legal guidelines. Restrictions on Contractors in the Indonesian Oil and Gas Sector There are numerous guidelines for Production Sharing Contract (“PSC”) Contractors in Indonesia’s oil and gasoline sector, including those on the export of production, forex trade and the switch or disposal of development rights. Government to Approve Corporate Actions in the Indonesian Energy Sector The Indonesian Minister of Energy and Mineral Resources (“MEMR”) has issued MEMR Regulation No. forty two of 2017 which aims to enhance the supervision of enterprise entities in the energy and mineral assets sector partially by closing regulatory gaps. New Government Regulation on Foreign Ownership in the Insurance Sector The authorities issued new Government Regulation No. 14 of 2018 on Foreign Ownership Limitation in Insurance which supersedes and replaces earlier authorities regulation in the insurance sector. Franchise Agreements in Indonesia A franchise, underneath Indonesian rules, is outlined as a particular right owned by an individual or a legal entity to a novel business system that has confirmed profitable in promoting items and/or companies, and can be used by one other celebration based on a Franchise Agreement. This device helps supervisors follow firm policy and think earlier than acting/speaking.