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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.
' Indonesia Trading Company '), or PPI, is the only Indonesian state-owned trading house. Its business is in export , import and distribution . PPI was formed through the merger of three former so-called "Niaga" companies, state-owned trading companies PT Tjipta Niaga, PT Dharma Niaga and PT Pantja Niaga, on 31 March 2003.
The Indonesian Chamber of Commerce and Industry (Indonesian: Kamar Dagang dan Industri Indonesia) or Kadin is an association of business organisations in Indonesia.Members of this organisation consist of entrepreneurs or a combination of national businesses from various sectors, both private-owned enterprises, cooperatives and government-owned enterprises.
Regional Development Banks (Indonesian: Bank Pembangunan Daerah, or BPD) are a type of bank in Indonesia that is established and owned by the local provincial government. Its purpose is to boost regional development and provide initial capital to the province that private banks would not risk giving, as well as giving basic financial services ...
Governors and representative members are elected by popular vote for five-year terms. Provinces were formerly also known as Daerah Tingkat I (Level I Regions). Indonesia is divided into 38 provinces. [4] Nine provinces have special status: Jakarta Special Region: Jakarta is the largest city of Indonesia.
Bank Mandiri is the result of the merger made by Indonesian government from four older government-owned banks that failed in 1998. Those four banks were Bank Bumi Daya, Bank Dagang Negara, Bank Ekspor Impor Indonesia, and Bank Pembangunan Indonesia. During the amalgamation and reorganisation, the government reduced the number of branches by 194 ...
Bank Woori Saudara (formerly known as Bank Saudara) is an Indonesia-based financial institution. Bank Saudara was founded in 1906 by ten merchants of Pasar Baru in Bandung , West Java . The Bank's products and services include savings and checking accounts, fixed deposits, credit loans and other banking service.
The average land area of all 38 provinces in Indonesia is about 49,800 km 2 (19,200 sq mi), and they had an average population in mid 2023 of 7,334,111 people. Currently, Indonesia is divided into 38 provinces, nine of which have special autonomous status.