tag:blogger.com,1999:blog-36942475292087295452011-11-27T16:26:51.796-08:00Whatever written here does not fully represents my true feeling,thought or imagination which could changes depending on circumtances related to such situations . This blog only represent my personal opinion. Nevertheless, I assure you that what you'll read here are absolutely worthy and would be fruitful for you.MuqthiJurnalhttp://www.blogger.com/profile/09124933439356360672noreply@blogger.comBlogger401100tag:blogger.com,1999:blog-3694247529208729545.post-91998124362531956982010-09-07T21:00:00.000-07:002010-09-07T21:06:04.552-07:00

After a long waited and discussion, the Government of Indonesia has finally issued the new negative list through Presidential Decree No. 36 Year 2010 Regarding Business Sector that are Closed for Investment and Opened for Investment Under Certain Conditions (“Perpres 36/10”). Perpres 36/10 revoked the previous negative list regulation number 77 of 2007 as amended by Presidential Decree No. 111

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Asian Roundtable on Corporate Governance is established in 1999, serves as a regional forum for exchanging experiences and advancing the reform agenda on corporate governance while promoting awareness and use of the OECD Principles of Corporate Governance. The Asian Roundtable on Corporate Governance (ARCG) gathers the most prominent, active and influential policy makers, practitioners and

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Islamophobia is no doubt intensively rising up in Europe particularly with regard to the recent issue on the banning of Minaret. As the result of the pool taken by Swiss voters, the construction of Minaret within Switzerland will no longer permitted. The proposal of pool is came from the Swiss People Party which are the largest party in parliament. The government, even opposed the result, but

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http://www.youtube.com/watch?v=rX4Rd2lJeLs Assalamualaikum, Salam Sejahtera bagi kita semua,Bismillahirrahmanirrahim alhamdulillahirabil alamin,Saudara-saudara, rakyat Indonesia yang saya cintai dimanapun saudara berada. Hari ini adalah titik hitam dalam sejarah kita, terjadi lagi serangan atau pemboman yang dilakukan oleh kaum teroris di Jakarta. Aksi teror ini diperkirakan dilakukan oleh

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European Joint Luncheon Meeting with Mrs Sri Mulyani: Indonesia economic condition remains strong and solid after the presidential election.Mrs. Sri Mulyani, The Interim Coordinating Minister for Economic Affairs and Minister of Finance said that Indonesia economic condition remain strong in 2009 and easier in 2010 after the presidential election. The economic and monetary reform will continue

MuqthiJurnalhttp://www.blogger.com/profile/09124933439356360672noreply@blogger.com0tag:blogger.com,1999:blog-3694247529208729545.post-10724754189177625932009-06-25T20:25:00.000-07:002009-06-25T20:27:15.712-07:00

Author: Jože Bajukjoze.bajuk@socius.sihttp://www.socius.si/si/knjiznica/The key novelty of the amendment to the Companies Act is its introduction of the opportunity to choose between the two-tier and one-tier systems for governing domestic public limited companies. This is indeed a true novelty since the existing legislation does not allow this choice. The key novelty brought by the amendment to

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Berdasarkan ketentuan petunjuk teknis penanaman modal asing SK No. 57/SK/2004 Perusahan penanaman modal wajib memiliki Izin Usaha Tetap untuk dapat memulai pelaksanaan kegiatan operasi. Pada awalnya setiap investor asing yang berniat untuk mendirikan perusahaan di Indonesia harus mengajukan permohonan persetujuan pendiriam perusahaan penanaman modal asing (PMA) kepada BKPM. Sehubungan dengan

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Any investment company should have permanent establishment license (IUT) to started their operation activity in Indonesia. Usually the investment company willing to invest in Indonesia will apply for the approval of BKPM. The first approval given is a tentative approval for the respective company to start their business in Indonesia. The approval letter will null and void if within 3 (three)

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ACT OF THE REPUBLIC OF INDONESIANUMBER 13 YEAR 2003CONCERNINGMANPOWERWITH THE GRACE OF GOD THE ALMIGHTY,THE PRESIDENT OF THE REPUBLIC OFINDONESIA,Considering:a. That Indonesia’s national development shall be implemented within the framework of building Indonesians as fully-integrated human beings and of building the whole Indonesian society in order to realizea society in which there shall be

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LAW OF THE REPUBLIC OF INDONESIA NUMBER 25 OF 2007 CONCERNING INVESTMENTS BY THE GRACE OF GOD ALMIGHTY PRESIDEN REPUBLIK INDONESIA, THE PRESIDENT OFTHE REPUBLIC OF INDONESIAConsidering:a. that to realize a just and prosperous society that is based on Pancasila and the 1945 Constitutionof the State of the Republic of Indonesia, it is necessary to make sustainable national economic development

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LAW OF THE REPUBLIC OF INDONESIANUMBER 40 OF 2007CONCERNINGLIMITED LIABILITY COMPANIESBY THE GRACE OF ALMIGHTY GODTHE PRESIDENT OF THE REPUBLIC OF INDONESIAConsideration :a. whereas the national economy, which is operated on a basis of economic democracy with principles of community, efficiency, justice, sustainability, environmental awareness, independence and safeguards for balanced progress

MuqthiJurnalhttp://www.blogger.com/profile/09124933439356360672noreply@blogger.com0tag:blogger.com,1999:blog-3694247529208729545.post-15707657941820154542009-05-26T00:57:00.000-07:002009-05-26T19:22:42.894-07:00

It was a pleasure to visit Bangkok last week. A prestigious opportunity for me gathering within around 50 selected delegations from all around Asia countries discussing about corporate governance in State Owned Enterprises. But, let's skip the serious topic since I've provided a report on this here.What I want to share here is the night life there. In my opinion, truly this is an opinion since my

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It was a prestigious opportunity for Forum for Corporate Governance in Indonesia (FCGI) to participate as Indonesian delegations in the international forum of 4th Asian Network on Corporate Governance of State-Owned Enterprises (SOEs) held in Bangkok 20-21 May 2009 (“Network”). The Network is annually held by Organization of Economic and Co-operation Development (OECD). An international

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Establishment of representative office enganges in trading activities can be applied in Department of Trade. The foreign trading representative office can be enganges as selling agent, manufactures agent as well as buying agent.The foreign trading representative office acting as trading agent and/or manufactur agent is allowed to carry out activities as follow:to introduce and develop marketing

MuqthiJurnalhttp://www.blogger.com/profile/09124933439356360672noreply@blogger.com0tag:blogger.com,1999:blog-3694247529208729545.post-58805470603725679932009-05-05T19:38:00.000-07:002009-05-05T20:39:59.909-07:00

Many foreign investor at the early stages of investing their capital in Indonesia choose to open their representative in Indonesia. After the business starts they will aplly for foreign direct investment. The establishment of representative office is relatively easier as no need capital requirement nor complex procedure. Establishment of representative can be done dependin on the licenses type

MuqthiJurnalhttp://www.blogger.com/profile/09124933439356360672noreply@blogger.com0tag:blogger.com,1999:blog-3694247529208729545.post-82138672091229160512009-05-03T19:55:00.000-07:002009-05-03T19:58:02.124-07:00

Anda mungkin pernah mendengar suatu negara bernama Republik Mimpi, negara tetangga Indonesia. Sebuah negara hasil kreasi insan media televisi swasta nasional yang digadangi oleh salah satu dosen ilmu komunikasi di Universitas Indonesia. Di Negeri ini segala harapan dan cita-cita Indonesia digantungkan. Segalanya di impikan seindah dan sesempurna mungkin. Namanya juga impian, sangat jauh panggang

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Pemilu 9 April 2009 mungkin akan menjadi kenangan yang kurang mengenakkan bagi Partai Keadilan Sejahtera. Target perolehan suara yang membumbung tinggi hingga mencapai 20% hanya menjadi isapan jempol semata. Melalui perhitungan cepat, perolehan suara PKS bahkan tidak sampai setengahnya. Meski bertahan pada posisi 7-8%, hampir sama dengan perolehan suara pemilu 2004, perolehan suara kali ini

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MuqtiJurnal: Wadiah

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Click here for english version.CV atau Commandiatire Vennootschap atau biasa disebut sebagai Persekutuan Komanditaer diatur dalam Kitab Undang-undang Hukum Dagang pasal 119. KUHD menyatakan bahwa CV adalah kemitraan yang terdiri dari mitra pasif dan mitra aktif. CV dapat didefinisikan sebagai suatu perusahaan yang didirikan oleh satu atau beberapa orang secara tanggung-menanggung bertanggung

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Having seen the practical condition of the establishment of legal entity or form of organization in Indonesia, I thought it is essential to provide copy of the standard of deed of establishment used by Public Notary for various legal entity like PT, CV, Association etc. The Deeds are in Bahasa Indonesia while for English translation will be further posted.For the Deed of Local PT please click

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In late 90s, Indonesia Laws regarding land has been amended. New laws are now permitted the foreigners to purchase apartments in Indonesia if the building has a strata title status. oreover, the foreigners can not hold the strata title of ownership of the apartment. The foreigners only can hold the right of use of the apartment. Government Regulation 41 of 1996 regarding Ownership of Residences

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Individual foreigner or foeigner along with local indonesian and/or foreign legal entity can establish a foundation under Indonesian Law. This is regulated under law number 16/2001 as amended by law number 28/2004. it's also governed in the government regulation number 63/2008.Requirement needed for the establishment of foundation by foreigner are as follow:The foreig founders should separated

MuqthiJurnalhttp://www.blogger.com/profile/09124933439356360672noreply@blogger.com0tag:blogger.com,1999:blog-3694247529208729545.post-43669084447716792682009-04-22T23:44:00.000-07:002009-04-29T21:03:34.843-07:00

DefinitionFoundation or "stichting" is defined by law number 16/2001 as a legal entity which comprises of separated wealthy and is established to reach certain goals in the field of social, humanity and religious. From the mentioned definition can be concluded that foundation can not generate profits. The goals of the Foundation establishment are limited to social, humanity and profit.Legal

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A. Concept and Audit Committee DefinitionOne of the aforementioned committees, the audit committee, has separate tasks in term of supervising and assisting the BoC in fulfilling its oversight responsibilities. For instance, the Audit Committee has the power to conduct or authorize investigation into matters within the committee's scope of responsibilities. The Institute of Internal Auditors (IIA)

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a. FCGI Proposal for the Independence of CommissionersFCGI proposed that there should be a clear definition regarding "outside" or "independent" member of the BoC. The FCGI proposed to use internationally accepted definitions of "outside" or "independent" that could be used in the Code of Conduct. The criteria of the Independent Commissioners were taken by the FCGI from the criteria of the

MuqthiJurnalhttp://www.blogger.com/profile/09124933439356360672noreply@blogger.com0tag:blogger.com,1999:blog-3694247529208729545.post-87748389186551461582009-04-15T02:20:00.000-07:002009-04-16T02:01:14.622-07:00

Law is an essential factor as an instrument in the frame of GCG implementation in Indonesia. GCG enforcement was realized as a strategic action towards Indonesia’s economic healing after a great economic recession in 1998. Nowadays, GCG implementation is a mandatory which should be conducted by companies in Indonesia as a form of awareness towards global market competition In this respect, Law

MuqthiJurnalhttp://www.blogger.com/profile/09124933439356360672noreply@blogger.com0tag:blogger.com,1999:blog-3694247529208729545.post-69244398421082740012009-04-15T02:08:00.000-07:002009-04-15T02:17:15.643-07:00

A. Agency TheoryThe central issue of corporate governance stems from the separation of ownership and control.Most organizations, whether in public sector, business or non-profit entities, have boards of directors and/or commissioners which oversee the performance of the organization and serve as an intermediary to the owners or other stakeholders.Boards are in a delicate position of

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Piercing the Corporate Veil is the judicial act of imposing personal liability on otherwise immune corporate officers, directors, and shareholders for the corporation’s wrongful act.[1] Piercing Corporate Veil shows that the Limited Liability Company (“Company”) often cannot be separated from the parties’ interest such as the Shareholders of that Company. In this context, the Shareholders’

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The authority to provide license on the establishment of Representative office (RO) in Construction is Department of Public Work or an official appointed on behalf of the Minister of Public Work ("MoPW"). Scope of WorkThe scope of works of public works representative office are to include:Undertaking construction services and/or engineering consulting services; Promoting and securing contracts in

MuqthiJurnalhttp://www.blogger.com/profile/09124933439356360672noreply@blogger.com0tag:blogger.com,1999:blog-3694247529208729545.post-79533728681515280552009-04-07T01:50:00.000-07:002009-04-29T21:23:08.793-07:00

The application for representative office can be submitted to the BKPM (Investment Coordinating Board) or MoT (Ministry of Trade) as well as MoPW (Minister of Public Work). The application submitted to BKPM is for the representative office in the field of non-trading industry, the one submitted to MoT is for the representative office in the field of trading industry while the other submitted to

MuqthiJurnalhttp://www.blogger.com/profile/09124933439356360672noreply@blogger.com0tag:blogger.com,1999:blog-3694247529208729545.post-15063404892930524662009-04-07T01:15:00.000-07:002009-04-27T00:04:02.900-07:00

Click Here for English Version Sejarah merupakan industri yang paling produktif menghasilkan para pahlawan. Sejarah juga mencatat betapa para pahlawan berhasil mengisi lembaran sejarah dengan aksi heroik serta patriotik yang tidak pernah akan dilupakan pada masanya bahkan hingga hari ini sejarah pahlawan besar akan terpatri didada orang-orang yang cinta kepada bangsanya. mengutip perkataan

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Pengorbanan mungkin bisa dikatakan Saudara dekat dari Cinta, aspek yang mendasari nurani Kepahlawanan. Setiap cinta menuntut pengorbanan. Mungkin itulah mengapa hanya orang-orang yang rela berkorban saja yang patut disebut sebagai Pahlawan. Dengan cintanya yang menggebu-gebu terhadap objek Kepahlawanan, seorang pahlawan rela mengorbankan apa saja untuk mencapai keagungan maha karyanya. Tidak

MuqthiJurnalhttp://www.blogger.com/profile/09124933439356360672noreply@blogger.com0tag:blogger.com,1999:blog-3694247529208729545.post-44353513326603634152009-04-07T01:09:00.000-07:002009-04-07T01:10:57.330-07:00

Orang-orang bertanya mengapa saya menulis serial Kepahlawanan ini? Biasanya, saya akan terdiam. Sebab, memang tidak ada alasan yang terlalu jelas, yang saya rasakan hanyalah dorongan naluri; bahwa negeri ini sedang melintasi sebuah persimpangan sejarah yang rumit, sementara perempua-perempuannya sedang tidak subur; makin pelit melahirkan Pahlawan.Saya tidak pernah merisaukan benar krisis yang

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Wadiah PrincipleWadiah translates literally from Arabic as “placement”, which is placing something to others to be maintained and or to be kept. While in term Wadiah can be defined as an agreement for safekeeping of funds made between a holder of funds and a party entrusted with the safekeeping of funds.Wadiah specified into two types; (i) Wadiah Yad Amanah, (ii) Wadiah Yad Dhamanah. Wadiah Yad

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ArbitrationThe terms and provisions governing arbitration are provided in Law no. 30/1999 on Arbitration and Alternative Dispute Resolution (ADR Law). This Law replaces the former provisions of arbitration stipulated under articles 615 to 651 of of Rv, Article 377 of HIR and article 705 of Rbg. The ADR law also governs the means by which national (or domestic) and international (or foreign)

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The establishment of limited liablity company ("PT") in indonesia is governed under the law number 40 Year 2007 (40/7) regarding Company Law. This law supersedes the law number 1 year 1995 regarding company law.A. RequirementIt is required minimum 2 (two) persons to establish a PT with notarial deed made in Indonesian language. The requirement of two people in establishing a company in Indonesia

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This year is election year in Indonesia. That is, elections for the national parliament (DPR), Provincial parliaments (DPRD I), city/regency parliaments (DPRD II), Board of Regional Representatives (DPD) as well as for the presidency and vice-presidency. Since the introduction of direct elections in 2004 which has its legal based on the law No. 32 Year 2004 on the direct election for governors,

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On 19 November 2007, the Commission for Business Competition Supervision (“KPPU”) declared that Temasek Holdings, a holding company owned by the Singapore Government, along with eight other firms namely Singapore Technologies Telemedia Pte. Ltd. (“STT”), STT Communications Ltd., Asia Mobile Holding Company Pte. Ltd, Asia Mobile Holdings Pte. Ltd., Indonesia Communication Limited, Indonesia

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Last March 23, 2008 President Soesilo Bambang Yudhoyono issued a Presidential Decree No. 34/M/2008 appointing former Secretary General Department of Public Service Mr. Rustam Sjarief to chairing Government Institution for Procurement of Goods and Services. This institution is expectedly to review and analyze government’s policies on goods and services procurement in order to ensure that

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Corporate Governance has always been an everlasting actual issue among business man, academic, policy makers and etc. The academic studies toward 1500 public companies in the Unites States in the 1990s found that those who received higher governance rating and stronger shareholder rights also has higher firm valuations, higher profits, higher sales growth and lower capital expenditures. It also

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