On December 30, 2016 the Government promulgated the Government Regulation (PP) No. 72/2016 (which revised the PP No. 44/2005 on Procedure and Administration of the State Capital Investment in State-Owned Enterprises and Limited Liability Companies), which is meant┬áto protect the Government’s plan to establish holding companies for┬áState-Owned Enterprises (BUMN Holding). The House of Representatives, however, has decided to oppose this regulation.To subscribe please click here