On 20 December 2021, the President ratified the Strata Act (Law no. 33/2021), effective in 3 months. The Act facilitates the subdivision of land into strata and the collective sale of property, to provide for proper maintenance and management of buildings and to give opportunities for the developers to develop real estate businesses. It governs …
On 16 December, the President has ratified the Civil Procedure Code (Act No: 32/2021). The Civil Procedure Code encompasses the rules relating to pre-trial procedures, proceedings at trial, general rules of evidence applicable to civil cases, judgments, orders, and enforcement of judgments in civil proceedings. The purpose of this code is to enhance the efficiency …
On 6 December 2021, The Ministry of Finance, has launched the government procurement portal, “Beelan Portal.” The portal aims to digitalize the bid proposal process related to procurement by government offices. The Beelan Portal provides information regarding new projects introduced by the government and provides opportunity to submit project proposals online. With this portal, the …
The Ministry of Economic Development (MED) has published the Regulation on Small and Medium Enterprises (SME) effective from 5 December 2021. The Business Center Corporation (BCC) is the official establishment driving the governments’ SME support efforts under the direction of the MED. The Regulation lists the responsibilities and duties of the BCC and highlights that …
