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NEWSFLASH

The Revision of the State-Owned Enterprises Law: Key Changes in State-Owned Enterprises Governance, the Establishment of BPI Danantara, and A Major Shift to Business Judgment Rule

On February 24, 2025, the President of the Republic of Indonesia, Prabowo Subianto, enacted Law No. 1 of 2025 on the Third Amendment to Law No. 19 of 2003 on State-Owned Enterprises/Badan Usaha Milik Negara (BUMN - Revised BUMN Law). This article will highlight some key points of change in the Revised BUMN Law, including (i) Change in the Definition of BUMN; (ii) BPI Danantara and the Presidential Oversight in BUMN; (iii) Investment Holding; (iv) Operational Holding; and (v) A Major Shift to Business Judgment Rule.

NEWSFLASH

Golden Visa for Capital Investment

GR 33/2023 brings significant changes to Indonesia's energy sector, focusing on energy conservation. It introduces the "Energy Management" program, requiring specific industries to participate. These sectors must appoint energy managers, develop energy efficiency plans, conduct regular audits, and implement audit recommendations. GR 33/2023 also establishes Energy Performance Standards and Energy-Saving Labels for products, encourages financial support through collaborations with financial institutions, and provides incentives like tax benefits and government recognition for businesses actively conserving energy.

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