The Financial Services Authority (Otoritas Jasa Keuangan – OJK) has issued Regulation Number 12 of 2024 on the Implementation of Anti-Fraud Strategies by Financial Services Institutions (Lembaga Jasa Keungan – LJK) (POJK 12/2024), aimed at strengthening efforts to prevent and address fraud in the financial services sector. According to Article 1, paragraph 4 of POJK … Read more
The Indonesian Tax Authority is formulating tax regulations on the use of carbon emissions, known as Carbon Tax. Revenues from the Carbon Tax will be allocated for the development of clean energy, also known as Renewable Energy (RE). The implementation of the Carbon Tax initiative promotes technological innovation, encouraging businesses to opt for green or … Read more
Over the past hundred years, the Earth’s surface temperature has experienced an increase. When compared to the mid-20th century, the Earth’s surface temperature has increased by an average of 0.89oC, according to NASA, the United States space agency. This phenomenon of increasing Earth’s surface temperature is known as global warming. Global warming is caused by … Read more
Carbon pricing involves considering the external costs of greenhouse gas (GHG) emissions associated with their sources through the pricing of carbon dioxide (CO2). This helps shift the burden of damage caused by emissions to responsible parties and encourages changes in economic behavior. Key characteristics of a successful carbon pricing system include fairness, stability, policy and … Read more
Carbon trading is one of the mechanisms that grants a country the right to engage in the buying and selling of carbon units (tradable emission rights). Carbon units are proofs of ownership of carbon in the form of certificates, with one carbon unit equivalent to one ton of carbon dioxide equivalent. In Indonesia, according to … Read more
Ministerial Regulation of Law and Human Rights No. 2 of 2025: New Obligations for Corporations in Beneficial Ownership Reporting The government has issued Ministerial Regulation of Law and Human Rights No. 2 of 2025 concerning the Verification and Oversight of Corporate Beneficial Owners, replacing the previous regulation (Ministerial Regulation No. 21 of 2019). Effective as … Read more
The World Wildlife Fund (WWF) defines a sustainable economy as one that is resilient and capable of providing a high quality of life for everyone. It operates within the planet’s resource limits and aims to keep global warming below the critical 2°C threshold. This concept transcends traditional measures of success, focusing on long-term well-being rather … Read more
Over the past three years, several companies operating in the energy sector have achieved successful initial public offerings (IPOs) on the Indonesia Stock Exchange (IDX). In the specific sub-sector of oil and gas storage and distribution, notable entries include PT Humpuss Maritim International Tbk (HUMI), PT GTS International Tbk (GTSI), and PT Indah Prakarsa Sentosa … Read more
Geologically, Indonesia is located along the “Ring of Fire,” a tectonic plate boundary marked by fault lines and volcanoes. This ring stretches for approximately 40,000 kilometers across equatorial countries like Peru, Chile, Tonga, Japan, the Philippines, and Indonesia. According to the United States Geological Survey, about 81 percent of the world’s largest earthquakes occur along … Read more
Indonesia’s crude oil production declined over the last decade due to the natural decline of producing oil fields combined with a slower reserve replacement rate and decreased exploration and investment. With few significant oil discoveries in Western Indonesia over the last ten years, Indonesia still relies upon the mature oil fields in those areas that … Read more
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