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Aside from SOEs, there are also provincially- or municipally-owned corporations, locally known as Badan Usaha Milik Daerah (BUMD). The primary difference between BUMNs and BUMDs is the ownership of the enterprise, whereas BUMNs are controlled by the Ministry of State Owned Enterprise while BUMDs are directly controlled by the local government.
The bank was first established in 1955 as a national private bank. In 1969 when crisis hit the private sector in Indonesia, Bank Niaga remained sound and was eligible for Bank Indonesia’s Guarantee. Then in November 1974, Bank Niaga revamped its business plans and became a full service public bank to better meet the demands of customers.
The agency, which managed the electricity and gas, then dissolved on 1 January 1965. At the same time, two state-owned companies were established: Perusahaan Listrik Negara (PLN) to manage the electricity sector and Perusahaan Gas Negara (PGN) to manage the natural gas sector. PGN was officially established on 13 May 1965.
A parent company guarantee (PCG) is a guarantee by a parent company of a contractor’s performance under its contract with its client, where the contractor is a subsidiary of the parent company. [1] It is mandatory for all the companies to mention about the guarantees granted as a note in their accounts because it is a risk for the company.
The State Gazette of the Republic of Indonesia (Indonesian: Lembaran Negara Republik Indonesia, Dutch: Het Staatsblad van Indonesië) is the official government gazette of the Government of Indonesia. In issuing laws and regulations, the State Gazette acts as a reference for publication of all forms of announcements, orders, and regulations.
PT Perusahaan Listrik Negara (Persero) (lit. ' State Electricity Company ' , abbreviated as PLN ) is an Indonesian government-owned corporation which has a monopoly on electric power distribution in Indonesia and generates the majority of the country's electrical power, producing 176.4 TWh in 2015.
Standby letter of credit (SBLC): Operates like a commercial letter of credit, except that typically it is retained as a standby instead of being the intended payment mechanism. In other words, this is an LC which is intended to provide a source of payment in the event of non-performance of contract.
PT Mayora Indah Tbk (formerly PT United Brand), also known as the Mayora Group or simply called Mayora, is an Indonesian multinational food and beverage company headquartered in Jakarta.