New Regulation on State-Owned Enterprises

On June 8, 2022, President Joko “Jokowi” Widodo has signed Government Regulation (PP) No.  23/2022 which amends PP No.  45/2005 which regulates the Establishment, Management, Supervision and Dissolution of State-Owned Enterprises (BUMN). In the midst of the spotlight on the rampant corruption within BUMNs, there are a number of interesting new provisions to note and especially raise the question, will the implementation of PP 23/2022 later be in line with expectations? Will the changes in regulation reduce problems within BUMNs?To subscribe please click here