IFCCI organized a Forum Group Discussion New Currency Regulation : Mandatory Use of Rupiah – The Implementation and Impact for Business Sectors in Indonesia on Thursday, May 21st, 2015 at Financial Club Jakarta – CIMB Niaga Building.

Rupiah is required as a legal payment instrument in economic activities nationwide. Bank Indonesia has issued regulation number 17/3/PBI/2015 concerning the Mandatory Use of Rupiah in the Territory of Indonesia (BI Regulation), on March 31st, 2015. Formerly, this act refers to the Law of Republic Indonesia Number 7 Year 2011 concerning Currency. Any individual or corporation is obliged to use IDR in any transaction made within the territory of the Republic of Indonesia. Mandatory use of Rupiah for non-cash transaction will become enforceable as of July 1st, 2015. As the time period comes closer and the use of the rupiah is still being socialized, there are a number of matters that are up for debate from many companies.  The new Currency Regulation provides a transitional provision which states that written agreements for non-cash transactions using foreign currency that were made before July 1st, 2015 will remain effective until they expire.

The IFCCI Rendez-Vous was successfully held in one of the most famous café located in the heart of Jakarta, Hard Rock Café Jakarta in Pacific Place Mall - SCBD which was a really pleasant venue to enjoy the evening while broadening business networking.

Almost 70 IFCCI members and colleagues attended this event, opened by IFCCI’s Chairman, Mr. Philippe Augier. The networking night was also complemented with a delicious buffet menu; as well as a free flow of beer, French wine and cheese. In addition, the live band livened up the evening into quality professional networks feeling different than before.

IFCCI has organized a Forum Group Discussion: The Outlook for the Indonesian Mining Sector in 2015-  “Policy and Regulatory Perspective”.
on April 1st, 2015 at Atanaya Room 2, Hotel Atlet Century Park - Jakarta
Indonesia is one of the world’s most larger producer of tin, nickel, copper, bauxite and gold. There is no doubt that the mining sector has been one of the key sectors supporting Indonesia’s economic growth for a number of years. This sector makes a significant contribution to Indonesian GDP, exports, government revenues, employment and, perhaps most importantly, the economic development of the remote regions where mining operations are located. Therefore, there are many things that we have to acknowledge about the mining future in our country.