Posts by adminbpl

Understanding the types of Shares Ownership that can be classified as Controller of Publicly-Listed Companies Recently, Lippo Group’s insurance company, PT Lippo General Insurance Tbk (LPGI) was rumoured to be taken over by a life insurance company from Korea, PT Hanwha Life Insurance Indonesia. Hanwha Life reportedly bought 42.79% of Inti Anugerah’s shares in LPGI…

An Update on Indonesian Regulation regarding Foreign Workers’ Permit and Residence Permit As the interests of foreign investment in Indonesia have been increasing recently, foreign investors and the stakeholders within the companies certainly need to take into account the matters of the applicable laws and regulations concerning work permit and residence permit for Foregin Workers,…

Get to Know the Requirements of Summarily Proving in a Bankruptcy Case The important role of the agreement that underlies the debt between creditors and debtors in court so that the requirements of evidence are met. The summarily proving requirements demand that a petition for a bankruptcy declaration to be granted. Then, the Bankruptcy Petitioner…

Neglected to Report the Import Activities, Importing Companies Threatened with NIB Suspension We should know the terms and conditions for the import approval of footwear, electronics, and bicycles and report it electronically for the NIB not to be suspended. A 50.6% increase in imports of consumer goods (MOM) in May-June 2020, with commodities including Footwear,…

No Longer Based on DNI, the Business Sector With 100% Foreign Ownership Is Expanded All forms of business activities are open to investment, except for the six business sectors and activities that can only be carried out by the government. Indonesia as a developing country certainly needs foreign investment as one of the driving forces…

5 Important Points About Compensation Money for Fixed-Term Employment Contract (PKWT) Workers Companies must allocate costs to pay compensation money for PKWT workers. The compensation for PKWT workers is based on Government Regulation Number 35 of 2021 as an implementation of the Job Creation Law. At the end of last year, the government enacted the…

3 Important Steps in the Procedure for Changing PMA Companies to PMDN The departure of foreign investors from the company structure, of course, impacting the adjustment of the company legality. Pay attention to the procedure so that errors do not occur in the process. The intricacies of investment development in Indonesia are very diverse. The…

Two Schemes of Cooperation with Investors To Develop Your Business Both methods are closely related to the legality and legal compliance aspects of the company which must be maintained. The Covid 19 pandemic has caused business actors to rethink their business strategies. The different business strategies causes Business Actors to require funding from other parties…

4 Misconceptions Regarding the Establishment of a PMA Company in Indonesia Indonesia is one of the countries in Southeast Asia that has the potential for natural resources and a well-developed economic climate. Besides, the Indonesian government keeps trying to make the access to investment development easier by issuing many laws and regulations related to simplifying…