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The Indonesian Criminal Code (Dutch: Wetboek van Strafrecht, WvS), commonly known in Indonesian as Kitab Undang-Undang Hukum Pidana (lit. 'Law Book of Penal Code', derived from Dutch), abbreviated as KUH Pidana or KUHP), are laws and regulations that form the basis of criminal law in Indonesia. By deviating as necessary from Presidential ...
The Job Creation Act (Indonesian: Undang-Undang Cipta Kerja), officially Act Number 11/2020 on Job Creation (Undang-Undang Nomor 11 Tahun 2020 Tentang Cipta Kerja, or UU 11/2020), is a bill that was passed on 5 October 2020 by Indonesia's People's Representative Council (DPR), with the aim of creating jobs and raising foreign and domestic investment by reducing regulatory requirements for ...
Pancasila. (politics) A depiction of the Garuda Pancasila on a poster; each tenet of the Pancasila is written beside its symbol. Pancasila (Indonesian: [pantʃaˈsila] ⓘ) is the official, foundational philosophical theory of Indonesia. The name is made from two words originally derived from Sanskrit: " pañca " ("five") and " śīla ...
In Indonesia, state-owned enterprises (Indonesian: Badan Usaha Milik Negara (BUMN)) play an important role in the national economy. Their roles includes contributor for national economy growth, providing goods or services which are not covered by private company, employment provider, providing support guidance to small and medium businesses ...
Horizontal effect. In law, horizontal effect refers to the ability of legal requirements meant to apply only to public bodies to affect private rights. It arises where a court dealing with a legal dispute between purely private entities interprets a legal provision to be consistent with certain legal norms in such a way as to affect the legal ...
Indonesian (Bahasa Indonesia; [baˈhasa indoˈnesija]) is the official and national language of Indonesia. [ 9 ] It is a standardized variety of Malay, [ 10 ] an Austronesian language that has been used as a lingua franca in the multilingual Indonesian archipelago for centuries.
e. Horizontal integration is the process of a company increasing production of goods or services at the same level of the value chain, in the same industry. A company may do this via internal expansion or through mergers and acquisitions. [1][2][3] The process can lead to monopoly if a company captures the vast majority of the market for that ...
bumn.go.id. The Ministry of State-Owned Enterprises (Indonesian: Kementerian Badan Usaha Milik Negara, shortened as Kementerian BUMN) is an Indonesian government ministry that oversee the development of state-owned enterprises in Indonesia. The ministry is led by a Minister of State Owned Enterprises, who reports to the President. [1]