After the Passage of the Tax Amnesty Law, What Are the Next Steps?
The House of Representatives (DPR) has passed the Tax Amnesty Bill into Law. The Government is now eager to reap the benefits. But they still have a lot to do. For after a passage of a law, implementing regulations must be issued. The key question now is whether the implementing regulations can be released in time so as to make sure that the Government will be able to handle the impact from the Tax Amnesty program. Let’s not forget that the Government had factored in tax revenue from the program in the amount of Rp165 trillion into the revised 2016 budget. Coming in short with that kind of target will reflect poorly on the Government.
Another Bribery Case Involving the Central Jakarta District Court
On June 30, 2016 the Corruption Eradication Commission (KPK) conducted a Sting Operation (OTT) and captured a registrar of the Central Jakarta District Court Muhammad Santoso and an advocate transacting in bribe. A day later, the KPK named 3 suspects in the case and revealed that Santoso had received bribes from the legal counsel of a mining company in return for his assistance in civil case related to default and breach of contract.
The Procurement of A Problematic Parcel of Land in West Cengkareng
The Jakarta Governor Basuki “Ahok” Tjahaja Purnama still has a handful of issues confronting him—the biggest one of all is the controversial Jakarta Bay Island Reclamation project. But in last week, Ahok was once again confronted with a scandalous land procurement case. This time, the problematic parcel of land is located in West Cengkareng, West Jakarta. The 4.6 hectare-plot of land was bought for the construction of public housing flats. The Jakarta Housing Department spent Rp648 billion to buy the parcel of land from the supposed civilian owner, but it later turned out that the land actually belonged to the Department of Marine, Agriculture and Food Security (DKPKP) of the Jakarta Administration.
Lippo Group, Its Subsidiaries, and A Bribe Case: Questions
Doddy Arianto Supeno, an employee of Lippo Group’s subsidiary PT Artha Pratama Anugerah (APP) was caught bribing the Registrar of Central Jakarta District Court Edy Nasution. We’ve talked about the indictment in the first part of this article. Herein we’d like to explore some questions related to the case, such as why did the Chairman of PT Paramount Enterprise International (PEI) Eddy Sindoro took the initiatives to give bribes just to file for a Reconsideration (PK) on the case of bankruptcy involving AcrossAsia Ltd and its own subsidiary PT First Media Tbk (KBLV). What exactly going on?
Lippo Group, Its Subsidiaries, and A Bribe Case
The trial of Doddy Arianto Supeno, an employee of the Lippo Group’s subsidiary PT Artha Pratama Anugerah (APP) that was caught handing bribes to the Registrar of the Central Jakarta District Court Edy Nasution, was held on June 29, 2016. At the first hearing, the Prosecutors of the Corruption Eradication Commission (KPK) indicted Doddy along with 4 executives of Lippo Group’s subsidiaries for bribing Edy.
On Bankruptcy and PKPU against State-Owned Enterprises
In April 2016, the Commercial Court of the Central Jakarta District Court rejected the petition for bankruptcy and Suspension of Debts Payment (PKPU) against PT Merpati Nusantara Airlines (Persero) (Merpati) that was filed by its former employees and one of its creditors PT Prathita Titian Nusantara. The Commercial Court declared the lawsuit unacceptable because the Court was of the opinion that the the authority with the right to file for bankruptcy or PKPU against a State-Owned Enterprise (BUMN) rested only with the Minister of Finance. If that’s the case, when a BUMN fails to perform its obligations, what legal remedy can said BUMN’s creditor(s) seek?
On Putu Sudiartana’s Case
On June 28, 2016, the Corruption Eradication Commission (KPK) conducted Sting Operation (OTT) and caught 6 people including a member of the Commission III of the House of Representatives (DPR) I Putu Sudiartana. A day later, the Democratic Party lawmaker and the 5 other individuals detained were named as suspects in a graft case. Let’s talk about the case.
Review of the Plastic Bag Diet Policy
In a move to limit the usage of plastic bags, the Ministry of Environment and Forestry has been testing a policy on paid plastic bags for retails business since February 2016. The first phase of the trial was over on May 31, 2016. The Ministry subsequently issued a new circular on the implementation of the second phase of the trial to be applied nationally. Where is this trial today, and what’s the future planned by the Government?
Updates on Bumi Resources’ PKPU
PT Bumi Resources Tbk (BUMI) once again had to postpone the vote on the peace proposal prepared for their Suspension of Debts Payment (PKPU) process. Several major creditors claimed that they were still studying the proposal, hence the delay. Said major creditors have requested for an extension of debt restructuring period for up to 3 months.
The PKPU of Super Makmur and Super Eximsari
The process of Suspension of Debt Payments (PKPU) against PT Super Eximsari Ltd and its sister company PT Super Makmur continues. The two companies said that they would look for investors to help in injecting capital. But lately, Super Eximsari said that it would instead optimize its production line instead of trying to bring in new investors.