In August 2022, the Government of Indonesia and Bank Indonesia officially released seven new 2022 money. One aspect of innovation in strengthening the 2022 money is the reduction of the last three zeros in the new money when viewed from a translucent perspective. This gives rise to issues and discourses on redenomination of rupiah which…
Recently, according to online news, several cooking oil business actors were summoned by the Business Competition Supervisory Commission (Komisi Pengawas Persaingan Usaha, “KPPU”) to explain the alleged violations of Law 5 of 1999 on Monopolistic Practices and Unfair Business Competition (“Law 5/1999“). In addition to cooking oil business actors, the KPPU investigating team had previously…
Indonesia – with its abundance of mineral and coal resources – will inevitably provide room for conflicts of interest. There is a fine line to maintain a balance between preserving or developing a sustainable environment and exploiting mineral and coal resources as a source of the national economy. When mining activities are carried out, the…
Postponement of debt payment obligation (Penundaan Kewajiban Pembayaran Utang, “PKPU”) is a legal remedy that can be taken to restructure the debtor’s debt in order that he is able to pay off his debts. The PKPU application can be submitted either by the Debtor or the Creditor on the condition that the PKPU involves more…
The phenomenon of Digitalization and the Corona Virus Disease 2019 (“COVID-19”) pandemic has made crypto assets grow rapidly as economic growth fell sharply, followed by the loosening of monetary and fiscal policies occurring evenly in all parts of the world, including Indonesia. Crypto assets have the potential to promote inclusion and efficiency of the financial…
Petition is a term that is often heard when a case has been entered into a trial. In principle, the petition is a formal requirement that must be in the documents submitted to the judge at trial, such as a lawsuit or an answer. For more details, let’s take a closer look at the petition…
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…
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