Ensuring Fair Compensation: Wage Regulations in Indonesia
| | |

Ensuring Fair Compensation: Wage Regulations in Indonesia

Wage Policy in Indonesia: Pursuant to Article 1 Number 30 of Law Number 13 of 2003 concerning Employment, as partially amended by the Government Regulation in Lieu of Law Number 2 of 2022 and subsequently ratified through Law Number 6 of 2023 (“Employment Law”), wages are recognized as an employee’s entitlement that manifests in monetary…

Indonesian Mining Regulatory Review 2023
| |

Indonesian Mining Regulatory Review 2023

Indonesia is one of the world’s largest producers and exporters of coal, nickel, tin, gold, and other minerals. The mining sector contributes significantly to the country’s economy and foreign exchange earnings.In this article, we will review the current mining regulatory framework in Indonesia and provide some insights into the outlook in 2023. New Provisions for…

Polemic on Employment Agreements for Foreign Workers in Indonesia
| | |

Polemic on Employment Agreements for Foreign Workers in Indonesia

What is Foreign Worker? According to Article 1 Number 13 of Law Number 13 of 2003 concerning Employment, as partially amended by the Government Regulation in Lieu of Law Number 2 of 2022 and subsequently ratified through Law Number 6 of 2023 (“Employment Law”), foreign workers, known as Tenaga Kerja Asing (“TKA”) in Indonesia, are…

EVs in Indonesia: From Environmental Commitment to Global Business Opportunities
| | |

EVs in Indonesia: From Environmental Commitment to Global Business Opportunities

The arrival of the Electric Vehicle (“EV”) era in Indonesia signifies a transformative period for the domestic automotive industry. The government policy to promote electric vehicles  reflects its strategic commitment to reduce greenhouse gas emissions and embrace environmentally friendly energy-based vehicles. This article explores the profound impact of this commitment by delving into the emerging…

Key Takeaways: Unlocking Fintech Potential in Indonesia
| |

Key Takeaways: Unlocking Fintech Potential in Indonesia

A. Status Quo of Fintech in Indonesia Diverse Landscape: Fintech in Indonesia is dynamically classified into three segments: Bankable, Unbanked, and Underbanked. Bankable individuals showcase financial literacy and skills, while Unbanked individuals prefer cash transactions, and Underbanked individuals utilize financial services for simple needs like savings. Untapped Potential: Despite the growth in Indonesia’s financial sector,…

Insurance Sector Transformation: Navigating the Era of Personal Data Protection
|

Insurance Sector Transformation: Navigating the Era of Personal Data Protection

In October 2022, Indonesia took one significant step forward in the era of personal data protection by enacting Law Number 27 of 2022 concerning Personal Data Protection, commonly known as the “PDP Law.” This move solidifies the government’s commitment to safeguarding individual privacy and establishing a strong legal foundation for the use of personal data…

Reasons to Grow Your Haircare Brand in Indonesia
| |

Reasons to Grow Your Haircare Brand in Indonesia

Haircare Market Overview Haircare is a science that studies how to care for hair and scalp, to choose cosmetics according to hair type, climate and treatment techniques. In hair care, many beauty experts recommend ways to treat hair, which are grouped into (1) Daily haircare by washing hair using shampoo, conditioner, and dry treatment (2)…

65 Years of Indonesia-Japan Diplomatic Relations: Investment Opportunities for Japan in IKN
| | |

65 Years of Indonesia-Japan Diplomatic Relations: Investment Opportunities for Japan in IKN

Indonesia-Japan Diplomatic Relations This year Indonesia and Japan celebrate 65 years of their diplomatic relations since the signing of the Japan-Indonesia Peace Agreement on January 20, 1958. With the signing of the agreement, Indonesia and Japan began to establish and strengthen partnerships in various fields such as economics, politics, security, social and culture. For Indonesia,…

World Banking Crisis, Should Indonesia Be Alert?
| |

World Banking Crisis, Should Indonesia Be Alert?

World’s Top Banks Collapse The global banking industry is experiencing unprecedented challenges as a result of the current economic uncertainty and the threat of a global recession. A number of major banks across the globe, from the United States to Europe, are experiencing an extraordinary crisis, which is allegedly caused by the significant amount of…

Potential of the Pet Food Industry in Indonesia
| | |

Potential of the Pet Food Industry in Indonesia

Industry Growth The Pet economy industry in Indonesia has experienced growth due to changes in human behavior during the lockdown period during the Covid-19 pandemic. This pandemic has made people start developing new hobbies, one of which is adopting pets. This is because these activities can be done at home so that the relationship between…