Renewable energies currently more expensive than subsidized fuel
Government must look for alternate energy sources to oil
A privilege for mining companies only
The Standardization Law was issued to maintain and protect the welfare of Indonesians, and aims to increase Indonesias competitiveness in the globalization era. In doing so, the standardization and conformity assessment measures are expected to improve production systems and process efficiencies to produce better qualified products, as well as to encourage better trading transactions in a healthy and transparent business atmosphere.
Aim to eliminate potential problems from conflict of interests
Bank Indonesia is preparing for expected inflation towards end of year
Similar petition has been filed and awaiting Constitutional Court?s decision
Foreign investment limitation remains in limbo
A regulation will be issued by the end of this year
The Bill aims to accommodate the development of national insurance businesses in tapping into Indonesias potential market as well anticipating increased cross border competition with the implementation of the AEC in 2015. The Bill also aims to ensure that insurance companies prioritize the rights of consumers as policy holders, insured parties/participants or other entitled parties (Beneficiaries).