This Regulation designates coal as a strategic natural resource commodity and restricts exports exclusively to designated State-Owned Enterprises (Badan Usaha Milik Negara ? ?BUMN?) acting as Export BUMN. However, Export BUMN must continue to secure registered exporters (Eksportir Terdaftar Batubara ? ?ET?) permits and also comply with surveyors? reports (Laporan Surveyor ? ?LS?) and associated reporting requirements. Meanwhile, existing ET and LS holders may continue exporting through Export BUMN until 31 December 2026 or until the early expiration of their ET, after which time all coal exports will be fully centralized under the BUMN-exclusive framework.
This Amendment revises the applicable sharia foreign exchange transaction framework in order to improve alignment with the conventional foreign exchange regulatory regime. The Amendment also imposes stricter timing and documentation requirements for cover hedging and re-hedging transactions, expands the list of ineligible underlying assets, and introduces a new financing mechanism that is secured through fund placements. Through this harmonization, Bank Indonesia (BI) is seeking to ensure greater consistency between sharia and conventional foreign exchange regulations while maintaining a degree of regulatory flexibility that is capable of responding to market developments.
This Regulation classifies palm-oil derivatives (?Derivative Products?) as strategic natural resource commodities and requires all exports of said commodities to be conducted exclusively through designated State-Owned Enterprises (Badan Usaha Milik Negara ? ?BUMN?) acting as Export BUMN. While maintaining the existing scope of listed Derivative Products, this new framework simplifies export-right calculations, as linked to the domestic market obligation. Businesses may continue to export their Derivative Products through Export BUMN until a deadline of 31 December 2026, after which Export BUMN will assume full responsibility for all exports.
If it is ultimately enforced, then this new Draft Regulation will strengthen the processed food manufacturing compliance framework by expanding Risk Management Program (Program Manajemen Risiko/PMR) obligations, enhancing oversight through foreign facility inspections and imposing stricter licensing remediation requirements. The Draft Regulation also introduces phased compliance pathways for micro- and small-scale enterprises, while expanding administrative sanctions for non-compliance, which will now include permit suspensions and a three-year prohibition on future permit applications.
This Draft Regulation introduces a comprehensive, forward-looking solvency calculation methodology for application by insurance and reinsurance companies. This new methodology integrates International Financial Reporting Standard (IFRS) 17 and structurally reclassifies available capital into distinct tiers. The new framework also mandates the completion of annual Own Risk and Solvency Assessments (ORSA) and imposes higher internal solvency targets on certain companies operating within financial conglomerates.
This new Regulation represents a comprehensive overhaul of Indonesia?s e-commerce framework by expanding the scope of regulated electronic system organizers to also include ride-hailing apps and online travel agents. Furthermore, this new framework also introduces stringent mandates that address transparent merchant fees, the algorithmic prioritization of domestic products and comprehensive governance frameworks for the use of artificial intelligence in relation to digital commerce. The overall goal of these initiatives is to foster fair competition and protect domestic industry.
This new framework introduces a comprehensive set of technical guidelines that specifically address Single Truck Identification Data and Driver Identification Data systems, which are installed across various Indonesian ports. In a departure from the previous fourteen-port limitation, the new framework now allows for flexible implementation while mandating strict data integration with Inaportnet and the National Single Window.
The Draft Regulation will require all e-commerce platforms to restructure their digital partnerships with micro- and small-scale enterprises through written agreements that meet minimum clause requirements. The new framework also introduces a service-fee discount of at least 50% for verified business actors that exclusively sell domestically produced goods.
This Regulation has now centralized exports of strategic natural-resource commodities by requiring all exports to be conducted exclusively through State-Owned Enterprises (Badan Usaha Milik Negara ? ?BUMN?) that are assigned to carry out the export of said strategic commodities (?Export BUMN?). In this regard, Export BUMN may act as commodity owners or sole intermediaries. Initially covering coal, palm oil and ferro alloys, exports may only be conducted through intermediary Export BUMN until 31 December 2026, after which date exports may only be carried out exclusively by Export BUMN.
Current Rule I-B introduces Main Securities Account 084 as a dedicated type of account that should now be used by Clearing Members to settle Exchange Transactions through PT Kliring Penjaminan Efek Indonesia (?KPEI?). The new account type complements existing Main Securities Accounts that are used in relation to settlement, collateral and securities lending activities. Current Rule I-B also expands KPEI?s overall authority to include the administration of Main Securities Account 084 and its various sub-accounts as part of a broader transaction settlement framework.