The Investment Coordinating Body of Indonesia (“BKPM”) issued BKPM Regulation No. 12 of 2009 regarding Guidelines and Procedures Application (December 23, 2009) (“BKPM Reg 12/09”) that replaced the previous BKPM Regulations on the Guidelines and Procedures for Investment Applications under Domestic and Foreign Investments. There are several points to be highlighted amongst others: the application process divides into 3 stages e.g. registration, principle approval and operation approval; the electronic submission of application; and the process of application is in 3 days from the receipt of a complete application. This regulation came into force on January 2, 2010.