President Joko Widodo enacted Government Regulation Number 24 of 2022 on Implementing Regulations of Law Number 24 of 2019 on Creative Economy (“GR 24/2022”) on July 12th, 2022, as the implementing regulation of Law Number 24 of 2019 on Creative Economy (“Law 24/2019”). GR 24/2022 is enacted to make it easier for creative economy actors…
The development of technology and information in the era of globalization has affected the economic aspect, especially in the use of money from the original physical form to digital form, one of which is Cryptocurrency. Crypto trading activities have recently become public interest in in Indonesia. Its legality is often debated and many people are…
The Government of Indonesia has enacted Government Regulation Number 23 of 2022 on Amendments to Government Regulation Number 45 of 2005 on the Establishment, Management, Supervision, and Dissolution of State-Owned Enterprises (“GR 23/2022”), which regulates a number of points related to the management of State Ownership-Enterprises (“SOE”), and the responsibilities and prohibitions of the Board…
Biomass co-firing is the process of burning biomass and fossil fuels in coal- and gas-fired power plants. Biomass can alternatively be gasified and burned in separate burners by gas or steam fuel then mixed with boiler streams from coal-fired power plants. Biomass co-firing in coal power plants typically involves the mixing of biomass with coal…
In order to ensure fair business competition, the implementation of Law Number 5 of 1999 on the Prohibition of Monopoly Practices and Unfair Business Competition (“Law 5/1999“) is expected to foster an honest and healthy business culture so that it can continue to encourage healthy and fair competition among business actors. One form of action…
The COP26 summit held in Glasgow, Scotland of the United Kingdom on 31 October – 13 November 2021 has brought the parties together to accelerate action towards the goals of the Paris Agreement and the United Nations (“UN”) Framework Convention on Climate Change. For nearly three decades, the UN has been bringing together almost every…
Large mining companies in Indonesia are flocking to widen their business portfolios in the nickel industry in Indonesia. The shift in investment concentration was initially triggered by the prospect of the national nickel downstream industry being seen as moving positively in line with the government’s commitment to join the global supply chain of components and…