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A Dividend Distribution Procedure in Indonesia

A Dividend Distribution Procedure in Indonesia

A dividend distribution is important not exclusively to companies but also to the shareholders of those companies. As for the company, it is one of the indicators that shows whether or not the company is being run in the right and proper way.  As for the shareholders, it is one of the most profitable side…

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Validity of Electronic Signatures in Online Transactions In Indonesia

a-new-dawn-of-the-paperless-era-validity-of-electronic-signatures-in-online-transactions

Electronic signatures can be utilized to validate a document or contract between two parties without the needs of having a face-to-face meeting. It is really efficient for online-based companies and people whose activities are usually done online. Aside from the functionality and practicality of electronic signatures, one question frequently arises in the minds of the…

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BKPM to standardize investment procedures, forms

The Investment Coordinating Board (BKPM) plans to create one-size-fits-all standards to better serve potential investors across the country, in response to complaints about different registration forms and procedures in various regional administrations. BKPM head Thomas “Tom” Lembong told 531 representatives of regional investment agencies (DPM PTSP) during the BKPM National Coordination Meeting in Nusa Dua,…

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FINANCIAL AUTHORITY LAUNCHES BANKING REGULATION DIGITAL LIBRARY

The Financial Services Authority (OJK) launched on Monday its new website that compiles hundreds of scattered banking regulations. The website, called the Online Banking Regulation Information System (SIKePO), functions as a digital library that provides information about banking regulations that is accessible not only to the industry but also the public, OJK commissioner for banking…

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Europe`s Investments in Indonesia Reach US$13.3 billion

The Investment Coordinating Board (BKPM) notes that Europe’s investments in the past five years reached US$13.3 billion or Rp172.9 trillion. The top five European countries investing in Indonesia were the Netherlands, the UK, France, Luxembourg and Germany. “However, the investments were centered around Java Island: roughly 46 percent,” the BKPM chairman Thomas Tri Kasih Lembong…

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Tax Amnesty: What is It and Why Does It Matter?

President Joko Widodo’s administration has been trying for almost six months now to get lawmakers to pass a tax amnesty bill into law. The bill has already overcome a bout of political hand-wringing early this year that almost cost the country its powerful anti-corruption agency. And just recently, it found an unexpected driving momentum from…

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Indonesia's Economic Growth Highest in Asia: President

Jakarta (ANTARA News) – Indonesia’s economic growth is among the highest in Asia despite being affected by the global economic slowdown, President Joko Widodo (Jokowi) stated. “Indonesia’s economy in the first quarter of 2016 grew by 4.91 percent. In fact, in the second quarter of this year, the national economy registered a growth of 5.18…

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May Day: Reviewing Various Court Decisions on Labor

Last Sunday, which falls on May the 1st, workers from all over the world including those from Indonesia, gathered in public squares to mark the International Workers’ Day also known as “May Day”. Despite the rapid development on protection of workers’ entitlements, clash between employers and employees is somewhat inevitable. In commemoration of this year’s…

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