By Justin Hasanuddin (22/12/2021) The Batam Indonesia Free Zone Authority (BIFZA/BP Batam) just signed a Cooperation Agreement to manage Hang Nadim Airport with PT Batam International Airport (PT BIB). Thereby, Hang Nadiem Airport is officially under the management of AP I with PT BIB. PT BIB is an Implementing Business Entity (IBE) formed under the…
By Ryan Mandela and Savira Ramadhanty. Background As one of the available ways for business expansion and investment, land acquisition in Indonesia is often viewed by local and foreign investors in developing their business especially with the rampant increase of investment activity in Indonesia. There are certified and uncertified lands in Indonesia and currently,…
Ministry of National Development Planning (Bappenas) is preparing a pre-feasibility study process regarding Public Private Partnership (KPBU) for the infrastructure construction of the new capital city. This is one of the schemes that the government relies on to fund the state capital (IKN) project. Currently, the PPP process which consists of four stages is ongoing….
Finally, the DPR, the Ministry of Law and Human Rights and the Regional Representatives Council (DPD) agreed on a list of Draft Laws (RUU) included in the 2022 Priority National Legislative Program (Prolegnas). Deputy Chairman of the Legislative Council (Baleg) of the Legislative Assembly, Ibnu Multazam, said that in the preparation of the 2022…
The Constitutional Court (MK) decided that Law Number 11 of 2020 concerning Job Creation was conditionally unconstitutional. The decision was read out by the Chief Justice of the Constitutional Court Anwar Usman in a formal trial of the Job Creation Law which was broadcast online on November 25, 2021 In its consideration, the…
By: Ryan Mandela, Savira Ramadhanty, and Izaldi Fikri Muhammad A Background There are varieties of interest rate reference being used in banking services and/or facilities, one of which that is commonly used for global scale is the London Interbank Offered Rate (LIBOR)[1] and since the 1960s, LIBOR has also been the world’s main interest…
The Ministry of Public Works and Public Housing (PUPR) is currently revamping regional infrastructure in welcoming the 2022 Group of Twenty (G20) Summit in Bali Province. PUPR Minister Basuki Hadimuljono said Indonesia as the host of the G20 Summit will take a big theme, namely “recover together, recover stronger”. With Bali being the host location…
By Dhonke Kafi and Izaldi Fikri Muhammad. A Background In Indonesia, most type of businesses in various sectors needs to have a form of licensing in order to operate legally, these licensing are put in place in order the achieve a sound and structured framework for businesses in Indonesia, while also keeping the market in…
By Izaldi Fikri Muhammad (18/11/2021) The Government continues to support economic equity and improve welfare by accelerating infrastructure development throughout Indonesia. The Government through the Ministry of Public Works and Human Settlemens held a Market Consultion for the Bodri Dam Project at Pullman Thamrin, Jakarta, on the 18th of November 2021. The main goal of…
The topic of environmentally friendly areas is not something new, since the topic of environment protection has always been a concern globally, and Indonesia is no exception. A lot of plans have been put in place in order to better conserve the environment, from something small as applying environmentally friendly processes in businesses, to something…