This new regulatory framework revises various requirements and procedures that relate to the registration of herbal medicines by relevant business actors so that they can secure distribution permits. Among a number of significant changes that have now been introduced, the Regulation has reclassified the herbal medicines category to now include traditional remedies (jamu) and other types of herbal medicines (i.e. imported, exported, licensed and other types of domestically produced herbal medicines)

Funding and financing support for an accelerated energy transition within the electrical power sectorshould be provided by the government for the early termination of the operations of PLTU, early terminations of the contract periods of sale-and-purchase agreements for PLTU and/or the development of renewable energy plants.

The framework of Regulation 18/2023 has now incorporated a number of other Sustainability-Based Securities, including sukuk, along with the originally introduced green bonds, which are now jointly referred to as Securities That Take the Form of Bonds and Sukuk (Efek Bersifat Utang dan Sukuk "EBUS"). In this regard, six forms of Sustainability-Based EBUS have been introduced, including: 1) Environmental EBUS; 2) Social EBUS; 3) Sustainability EBUS; 4) Sukuk-Linked Waqf; 5) Sustainability-Linked EBUS; and 6) Other types of Sustainability-Based EBUS, as determined by the OJK.

Share buybacks must be implemented in line with specific requirements, which encompass disclosure through the stock exchanges website, pricing considerations that are based on recent trade averages or book values, and a completion timeline

The Indonesian Government has decided to make a further effort to increase the efficiency of national resource utilization and the overall prosperity of the Indonesian population through the management of land use for investment management purposes

A total of 20 competencies apply to various geothermal steam-field facility equipment ("Equipment") maintenance ("Maintenance") technicians and analysts that relate to the maintenance of Equipment and these are outlined under the Appendix to Decree 206/2023. In this regard, the Appendix to Decree 206/2023 specifically addresses Maintenance preparations and the implementation of competencies in relation to the following objects: 1) Valves and wellheads; 2) Distribution pipes, pressure vessels (bejana tekan) and protection; 3) Electrical, instruments and control equipment; and 4) Supporting systems

the Amendment also mandates that individuals and corporations should implement the immediate blocking of any funds that directly or indirectly belong to or that are controlled by other individuals or corporations listed under the DPPSPM. However, said immediate blocking will not apply under certain conditions that relate to the fulfillment of the obligations of sanctioned individuals or corporations

This new regulatory framework sets out three types of land objects for agrarian reform, which include land object from forest areas, non-forest areas and resolved conflicts.

The adjustment of said Raw Materials encompasses a broad range of arrangements, including the following lists of components, as set out under Appendices I - IV: 1) Contaminants; 2) Active ingredients; 3) Solvents used to extract active ingredients; and 4) Additional ingredients. Meanwhile, in terms of finished products, laboratories that are operated by marketing companies that have been endorsed by BPOM may now organize laboratory testing

The periods and deadlines to implement halal certification obligation differ on the types of the Products and the fastest approaching deadline is 17 October 2024 for food and beverage products