The Minister of Finance Bambang Brodjonegoro has signed the regulation (PMK) on the new non-taxable income (PTKP) for 2016. The PTKP has been adjusted with the expectation that the people would have a stronger purchasing power, which in turn would help with household...
On June 23, 2016, the Corruption Court of Central Jakarta District Court held the inaugural hearing on the case of corruption implicating the President Director of PT Agung Podomoro Land Tbk (APLN) Ariesman Widjaja and his aide Trinanda Prihantoro. Both men were...
The Corruption Eradication Commission (KPK) is intensively pursuing additional criminal charges for graft suspects, particularly in a move to revoke their political rights. But what is the legal basis in providing this additional penalty? What’s the track record...
On June 22, 2016, the Corruption Court of the Central Jakarta District Court held their first hearing on the trial of attempted bribery conducted by two officials of PT Brantas Abipraya (Persero). In the indictment, the Corruption Eradication Commission (KPK)...
The bankruptcy dispute between PT Asuransi Jiwa Bumi Asih Jaya (BAJ) and the Financial Services Authority (OJK) is not yet over. After the Supreme Court (MA) granted the OJK’s cassation for the execution of liquidation of BAJ’s assets last year, the insurance...
After having to redo the verification process as a result of mismatching bills, the bills verification process of PT Bumi Resources Tbk (BUMI) has been finally completed. The bills of bonds at issue has been verified by the team of administrators and declared entitled...
On June 20, 2016, the Ministry of Home Affairs has officially uploaded the list of 3,143 burdensome bylaws that have reportedly been canceled by the Government. But the list contains three categories: bylaws that must be immediately canceled, bylaws that must be...
On June 15, 2016, the panel of judges of the Corruption Court at the Central Jakarta District Court read the verdict on the case of the 4 ex-leaders of the North Sumatera Representative Council (DPRD) who were arrested for accepting bribes from the disgraced Governor...
The process of Suspension of Debts Payment (PKPU) currently undertaken by PT Brent Ventura continues. The Company will reportedly offer the option of selling its assets and collection of accounts receivable in the peace proposal. But there has not been any definite...
Panghegar Group’s efforts to rescue its two subsidiaries PT Panghegar Kana Properti and PT Hotel Panghegar is over. At the hearing held on June 15, 2016, both companies were eventually declared bankrupt by the Panel of Judges of the Commercial Court of the...
