Reforms in financial services industry will focus on regulation, supervision and capital to make it better in the future, President Joko “Jokowi” Widodo has said. “Financial industries both insurance and pension funds, I have to say, require reforms in terms of regulation, supervision, and capital, just as banking reform between 2000 and 2005,” the President […]

The Indonesian Government has issued Presidential Decree Number 2-N of 2020 on the establishment of the Selection Committee for the National Police Commission. “I have summoned nine people picked by President Joko “Jokowi” Widodo to select members of the Commission,” Coordinating Minister for Political, Legal, and Human Rights Mahfud MD said in Jakarta, Thursday (16/1).

President Joko “Jokowi” Widodo on 27 December, 2019 signed Presidential Regulation Number 88 of 2019 on Technical Provisions for Special Allocation Fund for Infrastructure (DAK Fisik) in the 2020 Fiscal Year. (Link https://jdih.setkab.go.id/PUUdoc/176012/Perpres_Nomor_88_Tahun_2019.pdf) The Regulation aims to implement provisions of Article 12 paragraph (5) of Law Number 20 of 2019 on the 2020 State Budget.

Omnibus Law on Job Creation will amend at least 79 Laws and 1,244 Articles, Coordinating Minister for the Economy Airlangga Hartarto has said. “There are 79 Laws and 1,244 Articles (that will be amended). However, it is subject to change, depending on the legal drafting process. We seek to complete the process at the end […]

In a bid to support tourism development in Bali, particularly in areas that connects North and South Bali, the Government through Ministry of Public Works and Public Housing is constructing the Mengwitani-Singaraja Shortcut with a length of around 12.76 km. The shortcut will cut travel distance from Denpasar to Singaraja from 3 hours to only […]

The Government has announced plan to implement reforms in the country’s financial services institutions, including banks, insurance, and pension funds. “This is important and it is time for us to reform. We have reformed our banking industry from 2000 to 2005 with the result that the country’s financial system is stable and under control due […]

President Joko “Jokowi” Widodo on Thursday (16/1) has visited Ministry of National Development Planning/the National Development Planning Agency (Bappenas) in Central Jakarta. On the occasion, President Jokowi observed the implementation of the Integrated Digital Work (IDW) as well as various supporting facilities that could be used to increase productivity and performance of the Ministry’s civil […]

President Joko “Jokowi” Widodo said that the Government focuses to build trust from both local and foreign investors. “This is what we are working on; thus political, economic and security stability are mandatory,” President Jokowi said at the 2020 Financial Service Annual Meeting in Jakarta, Thursday (16/1).

President Joko “Jokowi” Widodo on Wednesday (15/1) in his introductory remarks at a limited meeting on omnibus bills on job creation and taxation ordered his Cabinet to complete omnibus bills this week. The President has also set a target that omnibus bills must be completed before 100 working days since the cabinet was formed. “We […]

President Joko “Jokowi” Widodo delivered seven directives during his introduction at a limited meeting on capital city relocation, at the Presidential Office, Jakarta, Wednesday (15/1). “First, I order issues related to supporting legislation and regulations to be addressed. Minister of National Development Planning /Head of the National Development Planning Agency told me that it is […]