People say that all is fair in love and war, and based on recent examples, it would appear that this true of business in Indonesia as well. There are currently criminal proceedings against at least three big corporations in Indonesia, including Chevron Pacific Indonesia – relating to an allegation of corruption in the firm’s bioremediation...
In terms of corruption, Indonesia performs poorly. In 2012 Transparency International ranked Indonesia 118th out of 176 countries, with a Corruption Perception Index score of 32 on a scale of 0-100. Endemic and systematic corruption is a major factor hindering development and is a bane to foreign investment.
BPM igas was established in 2002 to take over the authority of managing and supervising the upstream oil and gas industry from the state oil company, Pertamina. On November 13, 2012 the Constitutional Court issued Ruling No. 36/PUU-XI/2012, which declared that select articles of Law No. 22/2001 that were the foundation for the creation of BPM igas...
The provision of infrastructure is an important issue in the effort to support economic activity in many countries, including Indonesia. In order to drive the wheels of the economy and spur economic growth, adequate infrastructure is an absolute necessity.
On June 15, 2011 the Indonesian Petroleum Association submitted to the Indonesian Supreme Court a petition for judicial review against Government Regulation Number 79 Year 2010 concerning Recoverable Operational Costs and Income Tax Treatment for the Upstream Oil and Gas Industry, because certain provisions of the regulation have seriously taken a...
MINING LAW: Mining permits (IUP), Small-scale mining permits (IPR) and special mining permits (IUPK) constitute the mining permit regime under the new Law No. 4 of 2009 concerning mineral and coal mining. The mining industry is now classified into:
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