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Omnibus Law: Environmental Regulations

A part of the draft of the Omnibus Law on Employment Creation that gained plenty of rejection is related to environmental regulations. Environmental activists condemned several changes, including the elimination of the need to obtain an environmental permit. They accuse the Government of disregarding the environment.

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Omnibus Law: Healthcare

The Omnibus Law for Job Creation is designed to amend or abolish some articles in laws related to healthcare industry and services, including Law No. 44/2009 about Hospital, Law No. 36/2009 about Healthcare, Law No. 35/2009 about narcotics, and Law No. 18/2012 about food and beverages.

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China Cuts Benchmark Lending Rate

The People’s Bank of China (PBoC) lowered its benchmark 1-year Loan Prime Rate (LPR) by 10 bps to 4.05% on 20th January 2020, amid efforts to support the economy battling with the virus outbreak. The 1-year LPR now has...

Indonesia Needs $20 Billion for Energy Mix Program Until 2024

The energy and mineral resources ministry (ESDM) has set the investment target for the renewable energy and conservation sector to reach US$20 billion from 2020 to 2024. The investment is needed to help the government’ energy...

Indonesia Cuts Rates by 25bps to 4.75%

Bank Indonesia (B.I.) lowered its benchmark 7-day reverse repo rate by 25bps to 4.75% during its February meeting, the first interest rate cut since October last year, amid expecting economic impact from the coronavirus...

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Profiles

Sinarmas & the fintech race

Sinarmas is one of the largest business groups in Indonesia with interests in agriculture, forestry, finance, manufacturing, mining, property, power generation, and telecommunication. Like other conglomerates in the country, Sinarmas has long entered the digital economy, including the fintech race.

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