Draft bill should encompass standardization, establishment requirements, and oversight mechanisms

Public-housing savings committee would inflict financial losses, fund owners claim

Insurance Law regulations to hopefully be completed in April 2016

Investment value has reached IDR 50.7 trillion since start of year

New tax incentive to be implemented to support development of repo transactions

Government Regulation No. 121 of 2015 introduces the concept of water utilization as a basis for the utilization of water resources for commercial purposes, and this concept replaces that of HGUA. Furthermore, Regulation also sets out the relevant licenses to utilize water that apply to businesses working within the water industry, as well as the various limitations that have been placed on the utilization of water.

Quorum requirement in question as regards meetings to amend company articles of association

Baleg now expects proposal to be approved by the House of Representatives

A list of positions open to foreign workers deemed necessary

Currently, Commission X at the House of Representatives (House) is striving to incorporate the Draft Bill under the 2016 National Legislation Program. The commission is concerned about the fact that Indonesia should be leading other ASEAN countries as regards its creative-economy sector, due to the incredible potential that exists in this country. However, data reveals that Indonesia is still lagging behind Malaysia, Thailand and Singapore in terms of its exports of creative-economy products. The general perception is thus that there is an urgent need to pass the Draft Bill in order to prevent any negative economic impacts that may arise as a result of the inauguration of the AEC.