Through the provision of facilities and guidance, Regulation of the Government No. 7 of 2021 mandates that the central and regional government should provide a wide range of protections and empowerment to cooperatives and MSMEs. Said measures include: 1) Legal aid for MSEs; 2) Restriction of certain business sectors to cooperatives only; and 3) Facilitation of intellectual property rights and credit programs for MSEs

Bilateral PME transactions involve the delivery and receipt of securities by participants, both as lenders and/or loan recipients. Meanwhile, the scope of securities as objects of Bilateral PME transactions comprises shares and fixed-rate government bond series. Moreover, this circular allows for funds, deposits, stocks and fixed-rate government bond series to be used as collateral

The receipt and payment of expenses relating to upstream oil-and-gas business activities should now be completed through Other BI Accounts Oil and Gas Receipts and Expenditures Number 600000411980 at Bank Indonesia

The Financial Services Authority is currently preparing a Draft Regulation on Insurance Products Linked to Credit or Sharia Financing and Products in the Suretyship or Sharia Suretyship Business Lines

The types of PNBP that are applicable at the Directorate-General of Oil and Gas have now been updated. As a result, there are now six available types of PNBP that are applicable with the addition of the following: 1) Guarantees for the implementation of joint studies; 2) Bid guarantees; and 3) Administrative fines

The classification of telecommunications tools and/or devices that utilize the radiofrequency spectrum has now been adjusted

As Physical Market trading should now also fall within the areas of expertise of Advisors, the Amendment has now adjusted several activities that Advisors are prohibited from engaging in (by broadly expanding the scope of the prohibitions set out therein). The following overall prohibitions have been newly introduced: 1) Prohibition on offering any products and/or businesses within the futures trading sector (including the Physical Market) that have not been licensed by Bappebti; 2) Prohibition on directing clients towards certain illegal business actors or products within the futures trading sector; and 3) Prohibition on organizing any direct-sale system or multi-level market for marketing and advisory purposes

Relevant Transporters are required to present various documents and data to BPH Migas. However, the lack of availability of the following documents may serve as the basis upon which BPH Migas will ultimately determine initial Transportation Tariffs for new pipelines outside of auctions of special permits for pipelines that have secured Transportation Tariff determinations: 1) Asset basis value; 2) Audited financial statement; and 3) Details on operational and maintenance fees

Preliminary Refund processes for applications that are fully submitted by 31 May 2023 at the latest are determined under the Regulation. In this regard, the processing periods break down as follows: 1) Taxpayers should receive notifications and requests that address domestic bank account refunds by 8 June 2023; and 2) Preliminary Refund decrees should be issued by 22 June 2023

Human resources in clinics that are located in KEK encompass medical personnel, other healthcare workers and support staff who may be either Indonesian citizens or foreign nationals. In terms of Indonesian citizens who graduated abroad and foreign nationals who will practice in clinics that are located in KEK, mandatory evaluations will be completed so that said parties can be issued competency certification