The House of Representatives passed the Government Regulation in Lieu of Law (Perppu) No. 1/2020 into Law on May 12, 2020. A day before, the President issued the Government Regulation (PP) No. 23/2020, which is one of the implementing regulations of the mentioned Perppu. PP 23 outlines the implementation of the national economic recovery program, with several main focuses, including providing State Capital Injection (PMN) and other assistance funds for State-Owned Enterprises (BUMN). Earlier this week, the Minister of Finance announced the implementation of the program.
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