The government commits to realizing the ‘equitable construction sector’ by issuing Law No. 2 of 2017 on Construction Services (“Construction Law”) as a legal instrument that guides the implementation of construction services in Indonesia.
Under the Construction Law (Law No. 2 of 2017 on Construction Services), it is possible for foreign construction companies to operate their business in Indonesia with special requirements. There are several aspects to consider prior to establishing foreign construction companies in Indonesia.
For companies that are already on the verge of bankruptcy, with debts of billions and even trillions of rupiahs, and financial conditions that are predicted to not make them be healthy, who says there is no hope of operating again?
P2P Lending combines internet technology and financial services aimed at improving and automating the delivery of financial services.
Foreign Investment under Investment Law is defined as any investing activities in running businesses within the territory of the Republic of Indonesia carried out by any foreign investors (including foreign citizens, foreign corporations, or foreign states) which are either entirely made up of foreign capital or made up of joint capital between foreign and domestic capital
Indonesia and Argentina have agreed to double the value of bilateral trade between then to $3.4 billion within the next two years as both countries seek alternative destinations for their commodities amid a global trade war
Following PTBA’s plan to build two coal gasification plants in Sumatra, company president director Arviyan Arifin said he expected the studies to be completed by the end of the month.
The Minister of Energy and Mineral Resources of the Republic of Indonesia (“MEMR”) has issued Regulation of the MEMR Number 43 of 2018 (“Regulation 43/2018”) which amends Regulation of the MEMR Number 09 of 2017 on Procedures for Shares Divestment and Mechanism for Determination of Divested Shares Price for Coal and Minerals-Mining Business Activities.
Ministry of Energy and Mineral Resources (“MoEMR”) has simplified the licensing in upstream industry by cutting off several ineffective regulations.
Indonesian state energy firm PT Pertamina has signed a production sharing contract with the government for the country’s second-largest crude producing field.