June 2009 Edition 03/07/2009  11:03:35 After almost two years of design process, the government finally established an infrastructure financing company with the name of PT Sarana Multi Infrastruktur (Persero) (SMI) in response to the enactment of Government Regulation (PP) No. 75 of 2008 regarding Amendment to Government Regulation No. 66 of 2007 on State Capital Participation for the Establishment of a Limited Liability Company (Persero) in the Infrastructure Financing Sector. SMI’s status is as a State-Owned Enterprise (BUMN), but it does not report to the State Minister of State Owned Enterprises, but rather is accountable directly to the Minister of Finance.... Read more February 2009 Edition 03/07/2009  10:33:42 The new law regulating mineral and coal resources, Law No. 4 of 2009 on Minerals and Coal, was passed by the Indonesian Parliament (DPR) on 16 December 2008 to replace Law No 11 of 1967 titled General Provisions on Mining. The new law is expected to take the national mining industry to a new direction. ... Read more December 2008 Edition 27/01/2009  11:43:15 Decree of the Chairperson of the National Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) No.KEP-460/BL/2008 dated 10 November 2008 requires that all securities company file a Periodic Financial Report, Periodic Activity Report, and Accounting Report pertaining to Annual Adjusted Net Working Capital. Decree of the Chairperson of the National Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) No.KEP-460/BL/2008 dated 10 November 2008 requires that all securities company file a Periodic Financial Report, Periodic Activity Report, and Accounting Report pertaining to Annual Adjusted Net Working Capital. The Financial Report submitted to Bapepam-LK must be attached with a Representation on the accountability for the data contained in the financial report. ... Read more September 2008 Edition 03/02/2009  14:43:04 On 30 June 2008, the Chairman of the Capital Market and Financial Institution Supervisory Board (Bapepam–LK) stipulated the new regulation Number Kep-259/BL/2008 regarding Take Over of Publicly-listed Company (Regulation Number IX.H.1). This regulation supersedes Decision of the Chairman of Bapepam No: Kep-05/PM/2002, dated 3 April 2002.... Read more June 2008 Edition 29/07/2008  11:53:45 On February 4th 2008, the Indonesian Government enacted the Government Regulation Number 3 Year 2008. This regulation has amended several matters in Government Regulation Number 6 Year 2007 concerning Forestry System and Arrangement of Forestry Management Plan, and Forest Utilization. A number of key matters which have been accommodated in the new regulation, among others, are: i) the prohibition of transfer or lease of water utilization business license; ii) the conservation and production forests for business activity regarding utilization of water flow is currently valid only for 10 years; iii) the validity of ecosystem restoration Business License to Utilize Forest Products (IUPHHK) of a natural forest in production forest, and the IUPHHK in HTI and HTR in production forest are also amended from the maximum period of 100 years to become 60 years, whilst they may also be extended for another 35 years. ... Read more