“The Ministry of Public Works and Public Housing has finally addressed the concerns of BUJKA Enterprises in Indonesia by revoking Regulation No. 09/PRT/M/2019 and issuing Circular Letter No. 22/SE/M/2019. As of November 2019, the provisions on BUJKA has been restored to its previous state which is acceptable to all parties.” In June 2019, Ministry of […]
“Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) issued Bappebti Regulation No. 9 of 2019 (“PerBappebti 9/2019”) in July 2019 to amend Bappebti Regulation No. 5 of 2019 (“PerBappebti 5/2019. The regulation changed most of the capital requirement, the requirement, controlling party, and the possibility of becoming a crypto asset physical trader applicant instead of directly […]
“Financing company can be owned up to 85% by Foreigner. It offers a wide option of financing schemes, including but not limited to investment financing, working capital, multipurpose, and others scheme based on approval from OJK. Sharia financing scheme also accommodated by having a Sharia Business Unit (Unit Usaha Syariah / UUS) for conventional financing […]
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