New Manpower Regulations on Foreign Workers

Presidential Regulation No. 20 of 2018 regarding Utilization of Foreign Workers was issued on 29 March 2018, which enters into force on 29 Juni 2018 (“PR 20/2018”) and subsequently revokes the Presidential Regulation No. 72 of 2014 regarding Utilization of Foreign Workers and the Implementation of Education and Training for Assistant Employees (“PR 72/2014”). The…

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New OJK Regulation No. 13/POJK.02/2018 on Digital Financial Innovation

General Overview In order to cover previously unregulated information technology-based services, on August 15, 2018, OJK issued the OJK Regulation No. 13/POJK.02/2018 on Digital Financial Innovation (Inovasi Keuangan Digital – “IKD”). IKD is defined as business process update activity, business model, and financial instruments that provide newly added value in the financial services sector by…

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