February 5, 2018

New Auto Rejection Limit Sets by IDX

The Indonesian Stock Exchange (Bursa Efek Indonesia, hereinafter IDX), through its board of directors’ decree number Kep-00113/BEI/12-2016 regarding the amendment of Rules Number li-A on the Equity Securities Trading (hereinafter IDX Decree 113/2016), has decided to set a new limitation for auto rejection system. The IDX Decree 113/2016 was issued on December 13, 2016 and …


October 6, 2017

NEW REGULATION ON BUYBACK OF SHARES OF PUBLIC COMPANY

The Financial Service Authority or Otoritas Jasa Keuangn hereinafter called OJK, has recently issued regulation number 30/POJK.04/2017 (POJK 30/2017) on Buybacks of Shares of Public Companies. The new regulation was issued to implement Law Number 21 of 2011 on the establishment of Financial Service Authority, in which the functions, duties and authorities with regard to …


Electricity4

May 7, 2015

THE GROUNDBREAKING OF 35.000 MW POWER PROJECTS

After numerous attempts of waiting, today, President Joko Widodo (Jokowi) has finally established the 35,000 MW power projects held by a ceremonial groundbreaking at Samas Beach, Bantul, Yogyakarta. The state-owned electricity enterprise, PT PLN (Persero) (PLN), assisted by its legal consultant Nah’r Murdono Law Office, has prepared and negotiated a number of agreements with private …