Legal entities in Indonesia are now required to declare the identity of beneficial owners and provide information on their beneficial ownership, following the recent enactment of Presidential Regulation No. 13 of 2018.
As Bitcoin, Ripple, Peercoin and other virtual currencies increasingly attract the interest of Indonesians for all kinds of reasons, there is no regulation in Indonesia that deals specifically with virtual currency, a gap regulators hope to close.
The Indonesian Ministry of Manpower has issued a new regulation that is meant to improve the registration process and enhance legal protections for workers. What this means for employers is new reporting procedures, including the online submission of mandatory manpower reports.
Indonesia first regulated Gross Split Production Sharing Contracts in early 2017, with the enactment of Minister of Energy and Mineral Resources Regulation Number 8 of 2017, as amended by MEMR Regulation Number 52 of 2017.
An electronic system provider in Indonesia must maintain the correctness, validity, confidentiality, accuracy, relevance and compatibility with the purpose of the acquisition, collection, processing, analysis, retention, display, publication, transmission, dissemination and destruction of personal data.