Government Regulation No 77/2014 on Mineral & Coal (II)
Government Regulation No 77/2014 provides better details about divestment of shares in mining and coal companies controlled by foreign investors to the so-called Indonesian participant. In theory, the new regulation prohibits a repetion in the controversial divestment of PT Newmont Nusa Tenggara (NNT) shares to a consortium of local governments in West Nusa Tenggara (NTB) and Bakrie Group. Why?
Government Regulation No 77/2014 on Mineral & Coal (I)
Then president Susilo Bambang Yudhoyono signed Government Regulation No 77/2014 on October 14, 2014, less than one week before leaving the office. The regulation is the third amendment of Government Regulation No 23/2010 about mineral and coal business operations. What’s new there? Implications to Freeport, Eramet, and Vale Indonesia?
Bankruptcy of Surabaya Agung Industri
Disputes surrounding pulp and paper company PT Surabaya Agung Industri Pulp & Kertas (SAIP) Tbk, whose shares have been delisted from IDX, remain as interesting topics in the law community, including our understanding about the role and practice of curator (liquidator) appointed by Indonesian court in the bankruptcy process.
Media Karya Sentosa’s Bribery Case: Lenders?
The Corruption Eradication Commission (KPK) has arrested Gerindra Party politician Fuad Amin Imron, who is former regent of Bangkalan in East Java, who is accused of taking bribes from Antonius Bambang Djatmiko, director of PT Media Karya Sentosa (MKS). What is MKS? Who are lenders of MKS?
Bracing For More High-Profile Cases
Harry Azhar Aziz, former lawmaker from Golkar Party, who is now chief of the Supreme Audit Agency (BPK), released the agency’s audit report for State funds in the period of 2009-2014 (first half only) Tuesday (Dec 2nd). The same day, Bambang Brodjonegoro, minister of finance, warned companies to stop transfer pricing practices. The anti-money laundering agency PPATK, meanwhile, submitted reports about 10 major suspicious transactions to the Attorney General’s Office…
Jokoways & the Challenge of Tackling Illegal Fishing in Indonesia
President Joko “Jokowi” Widodo issued his strongest warning yet to those illegally fishing in Indonesian waters. The President told journalists that he would have the authorities sink foreign vessels fishing illegally in Indonesian waters. The government recorded approximately 5,400 vessels of such vessels stealing in Indonesian waters and over 300 trillion rupiah in losses as a consequence . And apparently enough is enough.
The e-KTP Project
Susilo Bambang Yudhoyono’s administration rolled out the electronic identity card (e-KTP) project in 2011. It was supposed to be the solution to Indonesia’s archaic management of civil registry. But rather than solving problems, the e-KTP project has become the problem itself. The project is now under the investigation of the Corruption Eradication Commission (KPK). President Joko “Jokowi” Widodo has suspended the Rp6 trillion project following the controversies. But the question now is will this renewed effort lead to the masterminds behind the scandalous procurement?
Revisiting Gayus-Bakrie Group Affairs
Attorney General’s Office (AGO) with the help of central bank has seized assets of convicted corrupt tax officer Gayus Haloman Partanahan Tambunan worth more than US$7 million. We could only hope the new Attorney General would investigate companies allegedly bribing Gayus, including three companies under Bakrie Group—Bumi Resources, Arutmin Indonesia, and Kaltim Prima Coal.
The e-KTP Fiasco: Offshore Civil Registry Data Server
Last week, the Minister of Home Affairs Tjahjo Kumolo told the press that his ministry would stop the electronic identity card (otherwise known as e-KTP) service because the government recently found out that the server holding the data for the cards was located in the Netherlands.
Revisiting the Bank Century Scandal: Tractions
J Trust’s acquisition of Bank Mutiara—the current name of Bank Century—has attracted response from the Corruption Eradication Commission (KPK) and politicians at the House of Representatives (DPR). Coincidentally, the KPK summoned former President Susilo Bambang Yudhoyono’s brother-in-law Hartanto Edhie Wibowo for questioning related to the Bank Century Scandal. Hartanto failed to answer the summon without clear explanation. But the KPK hinted that their investigation will move forward.