Set to come into force during the 2024 financial year, the new guidelines for the drafting of Key Performance Indicators (KPI) for the Boards of Directors (BoD) of State-Owned Enterprises (Badan Usaha Milik Negara BUMN) classify BUMN KPI into the following two forms: 1) Collegial KPI for BoD Members; and 2) Individual KPI for BoD Members.

The Supreme Court has now issued Technical Instructions specifically aimed at registering legal remedies in the form of cassation and judicial review carried out electronically

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 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

This newly promulgated provision focuses on the expansion of the list of countries whose citizens are eligible to enjoy Visa on Arrival ("VoA") and electronic Visa on Arrival ("e-VoA") services. In this regard, VoA and e-VoA services will now be available to citizens of the following additional countries: Armenia, Mozambique and Tanzania.

Personal data controllers/processors are required to comply with various obligations under the Draft Regulation, while Agencies may impose certain administrative sanctions in response to any acts of non-compliance.

The Fourth Amendment has also now extended the validity period of Limited-Stay Permits from the previous duration of five years to a maximum of 10 years

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

GCG assessments and evaluations should be carried out by filling out the relevant forms in three phases (i.e. comprehension, analysis and conclusion). Upon finalizing an assessment or evaluation, the assessor or evaluator in question should then determine a quality score for the GCG application, which may range from Excellent to Bad grades

Free Visit Visas, VoA for tourism and e-VOA may be used by foreign citizens in order to carry out the following activities: 1) Tourist visits; 2) Government duty visits; 3) Business talk visits; 4) Visits to purchase goods; 5) Meeting visits; or 6) Transits