BUMN Sector Omnibus Regulation: Organization of Human Resources-Related Matters Revised

As previously addressed in a recent edition of Indonesian Legal Brief (“ILB”) last week, the Minister of State-Owned Enterprises (“Minister”) has issued three Regulations on State-Owned Enterprises (Badan Usaha Milik Negara – “BUMN”), which are aiming to simplify various provisions that relate to Indonesia’s BUMN.

In this edition of ILB, we have put together a summary of the new framework of Regulation of the Minister No. PER-3/MBU/03/2023 on BUMN Organization and Human Resources (“Regulation 3/2023”). The third of the three new omnibus regulations issued by the Minister, namely Regulation of the Minister No. PER-1/MBU/01/2023 on BUMN Special Assignments and Environmental Social Responsibility Programs, will be briefly discussed in an upcoming analysis.