IMMIGRATION INSPECTION FOR INDIVIDUALS OF ENTERING/EXITING INDONESIAN’S TERRITORY The Minister of Law and Human Rights (Minister) has recently decided to issue Regulation Number 9 of 2024 on Procedures for Immigration Inspections of Individuals Entering or Exiting Indonesian Territory (Regulation 9/2024) which is set to come into force on 18 June 2024. The enactment of Regulation … Read more
MINISTER OF FINANCE REGULATION NUMBER 78 OF 2024 (PMK 78/2024) ON STAMP DUTY IMPLEMENTATION PROVISIONS This regulation aims to provide convenience in fulfilling stamp duty payment obligations, as well as to provide legal certainty in the implementation of stamp duty collection in accordance with the principle of regulatory simplification. Below are some key provisions found … Read more
LATEST PROVISION ON ARBITRATION in PERMA No. 03/2023 Definition of Arbitration According to Article 1 number 1 of Law Number 30 of 1999 on Arbitration and Alternative Dispute Resolution (“Arbitration Law“), arbitration is a method of resolving civil cases outside the general court system, based on an arbitration agreement made in writing by the disputing … Read more
At the end of 2023, the Nusantara Capital City Authority (OIKN: Otorita Ibu Kota Nusantara) issued a Circular regarding the release of a blueprint for the smart city of the Nusantara Capital City (IKN: Ibu Kota Nusantara). The purpose of this document is to provide direction and strategic guidance for all stakeholders in achieving the … Read more
International Conference on Chinese Companies in Indonesia (IC3 Indonesia 2023) is organized by SW Indonesia and features Prof. Bambang Permadi Soemantri Brodjonegoro, Ph.D., as the keynote speaker on “Economy and Opportunities of Investment in Indonesia”. He is very representative as a speaker on this material because of his experience as Minister of Finance (2014–2016), Minister … Read more
Multinational businesses cannot be separated from efficient banking and logistics support. Understanding of integrated banking and logistics services is a game-changing factor, which determines the growth of investment in other countries. The International Conference of Chinese Companies in Indonesia 2023 (IC3 Indonesia 2023) was hosted by SW Indonesia, in collaboration with Bank ICBC Indonesia and … Read more
SW International Partners Conference 2023 (SWIPC 2023) invited Expert in Information Technology and Digital Transformation, Prof. Richardus Eko Indrajit, PhD., as an expert speaker to provide the latest situation of the business environment in Indonesia – with material of “Digital Innovation”. The presentation of complex material across disciplines is presented in English language with practical … Read more
President of the Republic of Indonesia, Joko Widodo, led the groundbreaking ceremony for the 6th phase of the construction of the Nusantara Capital City (IKN) on April 4-5, 2024. The groundbreaking for phase 6 is part of the development of IKN that began in September 2022. In this event, the president was accompanied by the … Read more
The relocation of the National Capital (IKN) is a strategy to achieve Indonesia’s 2045 economic target of more inclusive and equitable economic growth through accelerated development of Eastern Indonesia. This aims to reduce the disparity between Eastern Indonesia (KTI) and Western Indonesia (KBI), particularly between Java and areas outside Java. Development Policy Directions for Nusantara … Read more
In business activities, a company may borrow money from other companies. These borrowings can be obtained from banks, non-bank financial institutions or other companies – third party and/or related party. Borrowing funds are used to finance working capital or capital expenditure, in order to maintain business continuity and/or accelerate business growth. In accordance with the … Read more
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