BUMN Ministry Abolished: What You Need to Know
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Main Topic: Changes to Indonesian State-Owned Enterprises (BUMN) Law – specifically, the fourth amendment to Law Number 19 of 2003.
Key Changes & Points:
* Approval of the Draft Law: The draft law amending the BUMN law was approved by a meeting of participants.
* 84 Amended Articles: The bill contains 84 changes to the existing law.
* Abolishment of the Ministry of SOEs: The most significant change is the elimination of the Ministry of State-Owned Enterprises. It will be replaced by a new body called “BP BUMN” (BUMN Regulation Body).
* Appointment of BP BUMN Head: The head of BP BUMN will be appointed directly by the President (currently Prabowo Subianto).
* Ban on Dual Positions: the bill prohibits ministers and deputy ministers from holding positions as Directors,Commissioners,or on the Supervisory Board of BUMN. This is a follow-up to a Constitutional Court decision.
* Current Acting Minister: The current Acting BUMN Minister,Dony Oskaria,is expected to transition to the role of Head of BP BUMN,but the final decision rests with President Prabowo.
In essence,the article details a major restructuring of how Indonesian State-Owned Enterprises are governed,moving away from direct ministerial control to a more self-reliant regulatory body.