This new legal framework now allows both contractors and PT Pertamina (Persero) to engage in transfers of participating interest that amounts to over 51% in line with certain provisions set out under this new regulation

OJK may determine final reassessment results without the requirement to follow the necessary reassessment steps and to set shorter periods for the submission of responses from reassessed primary parties under certain conditions

Banks that are planning to offer new advanced bank products are first required to secure licenses from the Financial Services Authority

This regulation addresses the 16 types of PNBP that are applicable at the Ministry of Industry, which are split across various services, fines and royalties. Tariffs can be imposed in relation to technical services based on cooperation agreements, while 75% and 0% PNBP tariffs can also be enjoyed by certain parties

In order to operate as a digital bank, a BHI Bank must satisfy various digital bank-related requirements and should set up the bank through one of the following methods: 1) Establishment of a new BHI Bank as a digital bank; or 2) Transformation of an existing BHI Bank into a digital bank.

Holders of natural-gas commercial business licenses are now allowed to sell volumes of natural gas which are not absorbed by natural-gas users to other consumers

After securing SMKPO certificates, business actors will then be required to: 1) Fulfill the SMKPO standards or commitments within six months of said SMKPO certificates being issued; 2) Possess the SMKPO documents and establish an SMKPO team

The Head of the State-Owned Goods Management Center is now responsible for implementing certain authorities and responsibilities in relation to management of state-owned upstream oil-and-gas goods for and on behalf of the Minister of Energy and Mineral Resources

The KKPR for business activities is to be implemented via the OSS system through the issuance of the following documents: 1) KKKPR; and 2) PKKPR

Initiative projects for toll-road businesses and which are prepared and proposed by business entities to the Minister must fulfill the following criteria: 1) Must be technically integrated and must be organized in accordance with the master plan (the General Plan for the National Road Network); 2) Must be economically and financially viable; and 3) Must be submitted by business entities that possess adequate financial capacities in terms of the financing of toll-road businesses