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Business Media Selected for You: April 2018

Business Media Selected for You: April 2018

14 May 2018

Energy and Natural Resources

Government curbs fuel prices              

Newly issued MEMR Regulation 21 of 2018 now requires all fuel distributors to obtain MEMR approval before increasing the price of gasoline products other than jet and industrial fuels. The minimal profit margin of 5% of the basic fuel price has been scrapped.

 

Business

Government launches Industry 4.0 roadmap

'Making Indonesia 4.0' for the 2018-2030 period was launched this week and aims to boost the competitiveness of local industry amid the increase in technology use in manufacturing without jeopardizing the job market. The roadmap primarily focuses upon the food and beverage, chemicals, textiles, automotive, and electronics industries.

 

Finance

Protocol on financial services ratified

The House of Representatives has ratified a protocol to implement the Sixth Package of Commitments on Financial Services under the ASEAN Framework Agreement on Services. This will allow Indonesia to open its banking industry to other ASEAN member countries and allows ASEAN banks to operate in Indonesia.

Financial Services Authority (OJK) abolishes 10% margin call regulation

The OJK has removed the 10 percent margin call from option contracts that are commonly used for hedging through OJK Regulation 6/POJK.03/2018.

New OJK policy on capital injection

OJK Regulation 2/POJK.03/2018, effective 26 March 2018, requires systemically important banks to submit their plans on capital injection.

BI permits commercial papers trading

BI has issued Board of Governors Regulation 20/I/PADG/2018 detailing the mechanisms for non-banking corporations wishing to issue commercial papers.

 

International Trade

Australia ends steel rod anti-dumping probe

Australia's Anti-Dumping Commission has found that losses incurred by the Australian steel industry were not cause by the alleged dumping of Indonesian steel products.  

 

Compiled from the Jakarta Post.

Aston Goad - Foreign Legal Consultant, Indonesia : aston.goad@dnfp.com

Dewi Sawitri - Senior Associate, Indonesia : dewi.sawitri@dnfp.com

 

 

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