bad or something about me anytime you want, but I hear a lot of interesting
dialogues going on and I heard that someone posted yesterday saying that
this is the day when you're gonna get all the answers. That's not true. You came
very confused, you'll leave, maybe a very confused for a little while, but at the
end of this there is a clarity I think. I've been here for a very very long time
so I've seen the ups and downs of Indonesia and its government and I
think that based on what we're going through now, it's kind of maturing or
puberty as we talk about, you're growing up in Indonesia. It's normalizing as a country.
They try to implement more and more regulations, more and more specter
enforcement and I think what we see today is also a bit of
I don't know how much you follow Indonesian politics, but there are
sometimes a little bit of conflicts or frictions between central and province
that's often talked about in local press and I think that that is also partly
why there's a lot of noise and stuff going on. Don't they will probably talk a
little bit about that later? He and Dylan, they're actually real lawyers, I
just pretend to be one and talk. But the other thing that I want to mention is
that we are starting a, or have started, it's finalized, not a setup, but something
we did VTIC, so Bali Tourism and Investment Board. So that is actually
motivated by the central government, in particular the Ministry of Tourism, to
make sure they have a voice from the community, as in expect community, on
what is good, what is working, what is confusing, as feedback they want to
hear. And obviously when they have changes to regulations, we help them do
socialize. So we do events like this and we do three or four things once a
year. Next one is going to be in April, where we'll have the central government
coming down, booking for big-up Ministry of Tourism and hospitals on tax
regulations. So that will be a full day session. But every month we do events
going on. Now it's a lot around KBLIs and KBLB and I don't have all the answers,
but I think we will try to talk to a few topics. One is just briefly on OSS and
that's just a slide that is up here that you probably can't see, but we can
share all of these two days later so we can share the groups. And then I'll
talk to you through a little presentation that the makeup and province
level used to kind of highlight the issues that they see with the PMAs and
what's going on in the market. Donnie will talk a little bit about KBLIs and
then I think we'll get into the Q&A. So that's normally where we get a
lot of questions and we'll try to answer our best understanding. But I think some
of you have been in a long time, some of you have been here a long time, not so
long, but it's not so unusual when things like this happens. There's an awful
lot of noise, a lot of fear, but it'll find its way. And in the sort of one
topic now that we see is the Airbnb and how to qualify on that and how
the PMAs are finding it difficult to qualify for a management of different
KBLIs. We'll see how that goes. So people have some quick tricks and
tweets, five, nine hundred more KBLIs for now, but that will also be part of
this and we'll see how that unfolds. And maybe you're aware already that there
are a new set of KBLIs. It's already a law. It was passed December last year.
And that's not going through the process of being implemented in the OSS system
in June. And there is an awful lot of some changes. The number changes a
little bit. There may be a better definition of the different KBLIs
related to property in the last management and so on. But what no one
wants to answer yet is are all of them going to be open for PMAs, a few of
them or none? Nobody wants to answer. By the look of it, I think quite a few
will, but for that we need to wait until it's gone through the whole process.
So everyone's screaming after restructuring all of this. Most probably
if you have all the improvements in order when that change comes, you can do
all of that on the OSS system. You actually don't need to do a restructuring.
If there is missing parts, then still we'll have to go through a process.
But this is just briefly OSS. Everyone knows what that is?
Yes. Online SQL submission system. This becomes the, I think with
Gilang was this morning we talked about the overlord of all systems. It becomes
a one database where you have quite a few things into it. Local ID, so every
Indonesian that has an identity card will be in it. All you guys, depending on
visa, kitas, immigration, whatever. Cortex, there's a new tax system and it
works really well. So Mexico blinds or at least tax planning is good to be
up to speed. Kitan has VPN or the agrarian office of Indonesia, Amdahl
or Kail Lupel environmental aspects, FITLU, which is the PVG and SLF,
Bipedin S and then some custom and also the Indonesian Ministry of Justice
system. Eventually, believe it or not, this will be AI managed. And that's when
things become better, I think. So the AI of this well and she that made it
onto a piece of land in sanghu. Someone has rented that privately or with a
PMA, they can check the taxes, they can check the zoning, everything comes out
and that will indicate that what administrative corrections that may need
to be done, maybe nothing, maybe a few, maybe a lot. So this is what's
happening, but there's an awful lot of data, an awful lot of work to put this
together. So I say this very often, make sure you understand this system, make
sure you have access to your account, which you should have if you have a PMA.
So you can see what goes on, communication from different government
institutions in addition to your home address, but office address goes into
that so they will send you letters, warnings or whatever it is, amen.
If we start with the presentation.
This is a presentation that others very briefly go through. And this is put
together by Pak Ketut Sukra. He's head of BKPM province in his office.
There's also a BKM office for central. So we go also and see central government
like three weeks ago, we had meetings with BKM central, Minister of Tourism and
a few others to try to figure out what goes on. But next one.
Yeah, next. This is just showing the sort of role of investments in general.
The green one is domestic, blue one is foreign and then the accumulated
investment, as you can see, it's increased dramatically. This is from 2021 up to
2025. And another thing that you'll see is that the PMA role has been substantial.
I can see the last year now it's kind of reduced a little bit for whatever reason,
I don't know, but. Total for Bali, it's dominated by PMA, which obviously
the government appreciate, but also wants to cover. Next one.
This shows that Bali is numbered 15 on the rank of different provinces.
So there's like 14 provinces at the higher level of investment revenue.
Again, combined domestic and foreign. Next one.
And these are the number of NIPs and PMA projects that has been issued when you add
them up. It comes up to like 25,000 ongoing projects in Bali. So, hello.
So here is one thing that almost 48% of the PMAs are low risk, so they don't have
any additional permits that have entered into. We'll talk about 68111 and
all these other low risk aspects and a significant uplift in the 268111 and 70209.
This shows the different KBLIs that is a little bit under scrutiny.
One is 68111, the real estate one. Then you have 70209.
It's 8200 and this is something that a lot of people have set up for management purposes,
but it's actually a real estate brokerage in KBLI. And you can't look at the license
because you have to be a domestic VT to get that brokerage license. Then it goes into restaurants
and whatever. And a few other that has been exposed in the news, rental bike, rentals,
car rentals and so on, quite a few foreign companies have done.
So, of all the real estate KBLIs issued overall on 68111, 72% originated in Bali,
of the national level, which tells you a lot. And 62% of the 70209 was issued in Bali.
So, hello. Next.
What they then look at is the dominance of these two KBLIs, 72% and 62% that we mentioned.
NIV issued 37% on the national level. And when you look at the contribution financially
overall of the Indonesian economy, it's 1.6%. So then the government, oh, something is wrong here.
An awful lot of companies, but very little realization, whether that is
lack of reporting or some of the net users that we will see. But that's the kind of first
bell that the discrepancy is substantial. Next one. Yeah, these are the industrial
slides of government having different aspects of how they approach and have PMAs, standard
scrutiny, surveillance is maybe lack of permits, this may be different things. And then the
administration also says, what happens when there is issues, whether that is fatal capital,
whether that is, you know, other aspects, PPG, SLF, things like that, not working out,
you get onto this list that is just a number of what is in there. So what the government
sees as a problem, and we'll talk a little bit about it, but in particular, the 68111, which
for me, when I read it, like you read it or our team read it, it's clear your own real estate,
maybe you just believe in it or you rent it out. At least on long term, it doesn't say specifically
short term, long term, but in the head of, in particular, provincial level, that's an abuse.
You shouldn't use 68111 for villas, you should use it as a developer, build whatever it is that
you're building, and then you sell out, and then it gets into a operational aspect with all the
5.5, 900, 5.5, 1, 2, whatever the different houses are. Then you have a bid on
fatal capital. I say that with the new changes or the strengthening of the old regulation,
but now 2.5 billion, that's enough, whether that is money or asset, and then you go from there as
long as you're diligent with your tax reports and your LKM report, you will be fine, and it's
difficult for the government to say anything, but this is also a thing that the party government
look at, they would like to see more commitments to the 10 billion. When we talk to central,
they see a bit different voices. So the other one is, as we all know, an awful lot of projects
that have no PMD, and very often also no SLF, it's a process, kind of a process, you don't really
know, so on and so on. So that's become a big issue, and I think that's common knowledge in
our different groups. This one is one.
So quite a few PMAs have also entered into protected business streams for SMEs,
so small, medium-sized companies, you should be there, and that's something that they also look
at to protect. So the number of that too is under surveillance and scrutiny, and then you have the
last one, the abuse that a PMA, that happened a lot during COVID, because everyone needed a visa
and a long term visa, just set up a PMA to get an investor kit, that's it, and some even bought
only investor kits for companies that have multiple people and so on and so on. So that's
another thing that comes out of this. Next one. Yeah, kind of the same thing, going through the
different violation of what's on the head of the government with this. Next one.
And these are the KBLIs that we mentioned, 681170209. 70209 is actually blocked now,
in the auto system in Bali, you cannot add it, if you set up a company today, if you already have
it, it's fine. Then I get into all the car, bike rental has been a big thing, because there's a
lot of valenism, they make money on renting out bikes, so they don't want to see foreigners
in that, and there is something like 400 active activities like that, where people rent out
bikes and cars, whatever, so that's another either topic. And then tourism, travel, some of these
other KBLIs. You will hear maybe from Johnny too, but one of the issues we see now is that the
governor issued a letter, or he sent a request to make events at all, to put a moratorium,
I think maybe it's on the next slide. Yeah, these are the different ministries, skip that,
on what they do, they do what they do to come and find you. Yeah, so this is like they have put
68111, 6820070290, and some of the rental KBLIs, there's like eight or nine of them,
but they say the Big FM can you put this to a moratorium list. Big FM has a sense of that.
But if we go to like, we can talk about 68111 now for a PBG or SLF,
it's wrong, we can't do that, because the governor sent a letter, that's when Donnie and
Dylan come in and say, well, these KBLIs were issued under a presidential decree 2020, how can
a governor, you know, try to argue against that letter, and it hasn't been blocked yet
as a system. I think maybe it will, maybe not, but I think it will fade away because in June we have
new KBLIs coming up. Yeah, so the government has different aspects, how they now try to
figure out an structured way through the system, with the NIV, location,
surveys, I'm sure you all have had these nice letters either from
creation or bullies or people or others, sample paper and so on, to come and
produce your files and paperwork, and then slowly slowly they mold through that. Next one.
I think briefly with Donnie, you're getting prepared.
The thing that I see with this just briefly on Airbnb, and we're a week away from possibly
those that haven't complied with the paperwork, we'll see what actually happens or not, maybe
it does, maybe it doesn't. With that, obviously, the 5591510, all the others,
BILA, KBLI's, and others are closed for foreigners, and then it goes in, how do we
qualify with that? And I think it depends a bit on zoning. If you're in a pink or red zone forward,
I think you'll be fine, and it'll be figured out. If you're in a yellow, I think it's difficult,
unless it's just one BILA, and you can piggyback on a BILA license or something like that.
Green zone, a little bit better actually, but not so easy for PMAs. They also have a limitation in
these zones that you should be at five billion or less in terms of size of investment. So a PMA is
actually disqualified from being in this zone. And this is when we look at the linear aspect of the
OSS picture that I showed you, whether eventually you then have an NID and a KBLI that fits with
what the zoning allows, and how that may or may not impact the PVG. So you have a PVG SLF that
may be for a house, but your business is BILA. How far are they going to take that? How far are
they going to look at joint venture agreement, management agreements, like right now you have
a lot of management companies that are just local, they go and drop their NID and KBLI into it,
and that will probably be okay for a while. But we don't know how that will evolve forward.
I think very little will happen until the new KBLIs are out. Donnie will now do a quick presentation
on KBLIs, and then we'll do a Q&A, so I'm sure there is like a few questions. Thank you.
Hello everyone, nice to meet you all. My name is Puki Donnie. I'm from Seven Seasons,
Indonesia in the legal department. And in this presentation, we will go a dig further
more technical aspects on what KBLI is and what KBLI is. So hello, hello.
Hello.
Hello. Yeah.
So what are you going to talk today is about KBLI and why is it forward?
KBLI talks about business quotes here. In front of me, like in the end, I'm building Indonesia,
and they define the business sectors into several quotes.
So today's KBLI, KBLI 2080, they are talks about time, 1,700 KBLs, consisting of
20 or 23 sectors, accommodation, tourism, food, the fraction, etc.
So this is the economy, and then there is no KBLI, so it looks like
this is however, the function of KBLI is actually to factor in those economic sectors
into several quotes. But what we can see in the letter for us, so that the economy sectors that
has been applied on KBLI. And KBLI is actually not a new thing here because the KBLI is
absorbed by I think that I think it's international code that every country including Singapore and
Virginia also adopts. So and then in Indonesia use that I think to use their own code and name
it as a KBLI.
Next slide.
Yeah. So this is a little message for KBLI.
The recent KBLI, the KBLI 2022, maybe if you are apparently familiar with KBLI 2025,
that's what the nation has to say that the government has just renewed its business
in December 2025 that they will, they will shift the KBLI, however, there is a transition
period for six months. Since June 20, since December 2025, June 20, 2006, until all these
KBLIs are going to do the KBLI, OSI system and also Ministry of Health system.
So this is the proof that actually other countries also adopt ICP, right?
Nation five. So because in the international level, there's a change of the ICP in the
nation five. So Indonesia tries to adjust their law, adopt the ICP, in fact, so that's
why the government will shift the KBLI since 2025 through the Euro statistics for the
national Euro statistics, maybe from the 7th of 2025.
So yeah, so this is a code for there. KBLI consists of five codes, like 6801, 70209,
5500, it must consist of five codes.
So if what represents the change that happened from KBLI 2020 to KBLI 2045, yeah,
there are examples that are much in one code and then there are one code that will be
dispersed into a few pages. I like this. So this is the specification of the KBLI.
So they wish that there could be some names of which are mainly can be talked about.
So like what I mentioned previously, regarding the category, in the KBLI 2020, there are 21
categories, whereas in the new KBLI, the government had one sector, so there are two,
or 22 categories for KBLI. So I just took two examples of KBLI. The first KBLI is 551MT,
which is not actually open for current investment. And in the new KBLI, the government changed the
code from 11551MT to 55203. So the code changes and government realized that we all know that
we reached 68201MT and the government satisfied the 516201MT.
So this is the new definition of that perspective in the first thing,
that from 18 December 2035, however, in the however, in the interest, this KBLI
haven't been integrated to the system, to the OSS system. So practically speaking,
if for those who want to say about KBLI at the moment, they still use the code in the
arrangement of a new KBLI because this KBLI haven't been concerted to the OSS system as well as the
OSS system. So this paragraph, it's trying to explain about the scale, the business scale.
So on the regulations, the government regulations 25, sorry, in the shape of 2035,
they classified the business scale into four. My third small menu, so where is the PMA DNA,
is classified as a big scale business. So the requirement for reporting a PMA is that the
capital must be 2.5 million. So whoever the powers are, whoever the server are, they must inject
money as much as 2.5 million into the bank account of the ROT. And also the investment
realization, the investment realization is when the spent money can make the business happen,
such as employ lots of people, buy time, and buy a machine, et cetera. So it must be
standing here with the base money regulation.
So now it's time to explain about the business license.
In my respect, it is considered legal to run a business in India. So PMA is for the business
license requirement. This license is made to consist of three elements. The first one is
the basic requirements. What was the other one? The basic requirements consist of three elements
there. It is the zoning. And then the system must be environmental permit or possible to run
which consists of SCTL, caring for health, and the last one is the zoning permit. It consists
of PBG and so on. That PBG you have to obtain before the transaction and so on before we use the
zoning. And then the next part is the business license. So business license is also classified
into four categories, law, between law, media and time, and high. The higher the risk is,
the more complicated to obtain the license. So the lower the risk is, maybe NIT is sufficient
in order to be able to run the business, such as 709.6, and 68 people once actually classified
in many more business. So you only need NIT and also standard certificate in order to be able to
run your business. And then the last one is PBG. PBG is like a supporting business license. For
example, if you run a restaurant and you sell some alcoholic beverage, you can also
engage in activities, do be able to sell the alcohol.
So this is actually our system, actually, that we usually just to have a mindset before they
consider many, many contracts with any law. So this is your business plan.
If you want to consider constructing a gymnasium facility, for example, so there are two points
that you have to make sure. The first one is the PBL. So we have to check whether there is a specific
PBL high that is low for a gymnasium. For example, Elon, I'm trying to find one actually. Elon.
Right.
Obviously.
Good. Thank you. Yeah. The first one, you can check whether the PBL high is open for a gymnasium.
The PBL high is open for a gymnasium. Because not all PBL high are open for a gymnasium. For example,
like Elon 551 and 3, it's not open for a gymnasium. So therefore, you have to find other structures
to make your business plan, maybe like having a partnership with a local entity or a landlord.
So you can manage your business directly because the PBL high is not open for a gymnasium.
And then the second one, apart from PBL high, you have to check the zone of the land.
So this is important. Why? Because not all PBL high can be operated in a specific zone.
For example, Avila cannot be operated in a residential zone. However,
for a residential guest house, it can be done there. So we have to check these two points
before you sign or consider signing the agreement with the landlord. Sometimes the landlord doesn't
know about it and they don't want you to know just because they expect them, right? So we have
to check. We have to be really careful before signing the agreement with the landlord.
Thanks. So this is just the simulation. So Mr. Lanz, the city wants to invest in a building
commercial, in building a commercial gymnasium facility. So this is the coordinate location.
Yes, we've heard the phones, but it's...
Mr. Lars intends to invest in the building of a commercial gymnasium facility in Ubud.
Mr. Lars, a Swedish citizen intends to invest to build a commercial gymnasium facility in Ubud.
Mr. Lars intends to invest in the building of a commercial gymnasium facility in Ubud.
Mr. Lars intends to invest to build a commercial gymnasium facility in Ubud.
Mr. Lars intends to invest in the building of a commercial gymnasium facility in Ubud.
talks that we've done in the past few weeks and the talks that we have with the government.
Like I said, they want to hear your voice and we take that to both central and provincial
level. And the message in particular from central government is that they don't want
really anyone to leave. They want you to be in compliance and they will support you to
become more in compliance, I guess, with the different aspects that Donnie went through.
And we're trying to tell them that, don't focus on the bad eggs. You can find that
in the system. You can find out who hasn't capitalized, who hasn't attempted to get the
right permits and so on. Focus on the positive aspect and the impact at all of you and everyone
else in the expat community. I asked the investment to try to manage the communication
database. Like we're saying, maybe the turnover in real estate, which I understand is most
of you are involved in that. In Bali, that figure is probably about $3 billion. We don't
really know for sure because there's not very much accurate data. But that trickled
down the impact on labor, people working in the construction industry, people working
in your villas, managing and so on. It's massive. And this, I think, was a thing that the central
government were kind of aware of, but not to the magnitude of all these discrepancies
that is now emerging for the Airbnb and all the rest of it. So it's kind of like hit them
really hard. But that's like, how do we deal with this? With that, I think we do a bit of Q&A.
Yes. Anything we lose? We'll try to answer.
Whatever. Yep.
Well, the new KVL is coming out in June. I'm curious, what's the benefit of converting
and gaining these KVLIs today? Is it an effective, you know, March 31st? If in two months, it's
going to restart all of them.
Yeah, so we, you have the Airbnb aspect, which should have been synchronized with this,
but that didn't happen. And there are different types of four-term solutions, like you get
the 559505110, or you get a local BTE, management company that covers that from the
NIV and the KVLIs as a system, and register, and then they will go to work on it. I wouldn't
do any structure on the new KVLIs until they're actually in the OSS system, and it's fully
clear what is open for PMAs. And then after they are in the OSS system, they also need
to find their way out in the zoning map of Bali. So, like, which one is going to be applied
for a pink, red zone, which one is going to be yellow and green, and so on. That's probably
also going to need some time.
And according to Megapam, that if you have a business running and in compliance, you don't
need to do a restructure in the system. You're going to adjust the KVLI to the correct KVLI.
If you have this government seasonal standing, then maybe in that state, you'll need to create
a restructure for convert with the district KVLIs.
Chris?
So, there's been a lot of talk about virtual offices. And my appeal from Megapam, we don't
call it virtual office, we just call it office. You have an office registration with different
agents, people like us. That's fine. But you also need to register your business address
and what the provincial government is trying to figure out is the abuse that we talked a
little bit about with all the consultants that only has a virtual or office that's not
much there and not really any activity. But there's nothing wrong with having an office
today, agents, subject to that being in the right solution and having to permit for that
setup. And your business address for the MIB of your application, whether that is a villa
spa or whatever it is.
Yes, not necessarily. I guess in this case, it's at least, right? Leasing the property
of the landowner. I think that what we tell people now to have a sort of straight line
on this, if you're looking at a piece of land, then they have to get shut off the leaves.
Right, they've got the PPD and SLF because then the system shows like the landowner built
this and then you do possession for 30 years plus 20 or whatever it is. In general terms,
I don't think you'll have an issue as long as you have an SLF and PPD, but that was what
I mentioned a little bit with Moises and how far that is going to go to try to enforce
a linear structure where we're going to talk about this is all in compliance. So if there's
an entity operating, it needs to have a PPD and SLF. I don't think so, short term, maybe
long term.
I think the best answer is I don't think we'll chip in on this too, but for now, I've
waved until they do give their lives around. If you have a process or as you're going,
let that process go on. What we see is there's quite a few arguments and on the end of the
line, they see this when they go and talk to people, but the application has been delayed
on 6.811 and then they say, oh, that's no longer valid, although in the system, it's still
a, I think, personal approach where we need to kind of look at the data and get rid of
that strategy with it. But I've been careful with restructure, I've been careful with changing
anything until we've put in all these new KBLIs and what we can use depending on the
solding. Well, this is one of the things that Jay made in the lead later, but when we talk
to the government, they don't know. So that's a big challenge, but like I said, in the path
of this, it will find its way. But there's a lot of discrepancies between central and
province and what they want to know. There's some predictions in that, but the central will
drive these to go ahead and enforce the structure with what I said. Now, the compliance of
policy. Not very much of change, but like on 6.811,
KBLIs, KBLI for management, operation, like Johnny was saying, it's both, one of the
standardized laws that are also local. PMAs can get to 5500, 5500, 1-1-0. The others,
if you are in KBLI, process for a KBLI, you need to have a local PT, like in
KBLI, to keep it on until again, when the KBLI is in June, around, it will be allowed
to go again and again and not, mostly yes. Yes. It cannot, you cannot do the management,
you cannot do the PTA. They will eventually launch, but they don't make any
I think we'll see how that goes next week, most of the weeks.
Going back to SLF, what is the official state on SLF at the moment?
Because obviously we know that most of the units will be operated without or in the process,
and that process can take more than a year.
Yeah, so I think for the LTA for now, you need an NIB and you need a KBLI.
For the tourism system and the eventual certification, they ask for an SLF.
What kind of...
Whether they're going to give time or not, as long as you can show it's in process, it's going to be okay.
Are they going to be allowed until that has been processed and then evaluated again?
We don't know.
And what happens in the PPD and SLF system is that 80% of the PPD went straight for SLF,
and everyone was saying that's going to be okay.
Suddenly it's not okay in the sense that the government now is much more sensitive towards
SLF in, let's say, yellow stone footprint is more than what it should be and so on and so on,
because they know that the system will see this eventually.
And then the person in the government that signed off on that may have issues.
So the whole process goes down because of that to try to find a balance.
But don't we see them talking about something that they call disincentive,
meaning everything that has been done so far in the right zoning being mixed?
It's okay. You can have an overbill or whatever.
We'll clean it up and then forward you need to follow the regulations.
So whether that passes or not is still solving, we'll know, but the other reasons is trying to pass it.
And for applications that are in the process and being in process for more than a year?
Are we supposed to wait? Are we supposed to add?
I would look at each application, each where it is, because the system, like the syncope system,
it changes your application.
It tells you can you come in for a discussion around your structure, whatever it is.
And eventually you get that vision. They hopefully issue it as a level.
But I would watch that. And there is a backlog for many reasons.
I think that, I don't know.
If you have cookies, they can come.
I think if the OTA says so, you can't be on the platform.
They've already accepted your government.
It may work out.
But I don't think that they really need to decide on anything from the government.
So they will probably look at you as if you paid taxes or whatever that you're supposed to on that.
I don't think that would be an issue.
I'm not going to say yellow or blue.
Yes.
Okay.
I guess that needs to be on the perspective of the visa.
I always say that if that's a business or a real visa, that's pretty good thing.
Sometimes you stretch your company, basically be able to get a,
imagine you get those awards that you don't get.
Not always good in particular.
Thank you.
Yes, in the KVLIs, the KVLI for Belize only for domestic operators,
as in Indonesian operators.
But I think Donnie was touching on that is that you have a PMA that is a state owner of that.
So that if you walk around and rent it out,
you need a local company to work that way.
So the 6-8-1-1-1, whether you can apply for build permits and so on,
for a larger project, maybe more than one, three, four, five years last year.
But the aspect that we run into when we go to now,
I don't know if I think we can talk about the 6-8-1-1 that we talked about,
but the governor just did a one moratorium on it.
They pull off, pull the whole pick up MHS and respond to that.
That may be some challenge.
And you need someone who can support the legal argument for that.
And again, come June, that should be clear.
Hopefully in the fall, in a better way.
Yes?
No problem.
What else?
So the LSD program, I think that was like three or four years ago,
that program came out and all of the regencies had to have a certain amount of
protective rice fields.
And that was complied with our lovely governor,
he should have regulations saying please follow the regulation and don't build
in places you shouldn't build.
In the case of what he talked about, Kadungu, and I see this also in Lombok,
where the entire base of the federal plan is now in LSD.
Under Indonesian law, and maybe Donny will kick me or the rest of it,
there is no retroactive aspect in Indonesian law.
If you have all the land under a pink sunning and you have a quiet store,
whatever it is that you're building,
that should be allowed to continue,
although you may see challenges arguing with the government officials.
If you haven't started at all, and maybe if you be GSLF,
you'll be refused for now.
Because three or four weeks ago, the central government pushed for that.
The reason is that they fear what goes on in the Middle East and Ukraine and whatever.
There's a food protection program.
They worry, they want to be fully self-sustained on food and energy.
So that's a reasoning from central.
But it should be possible to continue.
I think I would wait and see until a few cases have been tested on how that is then revoked
and then you can continue.
There's multiple cases already in progress.
I've heard some that have already been successful,
in particular bigger developments.
We are handling a few cases now for both Lombok.
I would wait and see until students are there to go.
Thank you.
Maybe if it's one bill of cooperation between you and the pre-hold owner,
something like that, it shouldn't be possible.
But we'll see how that works as well.
I think, again, it depends on the selling.
So you would see what kind of selling it is, what it's allowed to do,
so that the new BMA can qualify the cable lines
and maybe into that starting out.
But it may be 5.5, 9.000, maybe something else,
when the new pipeline is on.
So we have had that, and we continue to have that dialogue
with ourselves and others.
In the Indonesian law, I've got the talks a lot about this,
and private peace is probably legal.
But if it is for a business purpose, it may be balanced.
Any business activity must be on the other hand,
or just being a BMA.
I think it turns out it's fine.
Maybe there can be also, that will be questioned in the sense that
it doesn't start to mention, but I think what the government
is going to figure out and the locals will be able to check,
because they cannot get activities with it.
I will get on with that.
Make sure everything is working.
I think it's a big question, and that's fine to find out a little bit.
The tax problem is how they look at it,
because you can have some kind of money.
Contract doesn't matter, it's fine to make it.
Again, once I receive all the money, get packed,
and that's all the rest of the BMA,
and I'm expecting to get it back.
It's expensive.
Thank you.
Bye-bye.