Search results
Results from the WOW.Com Content Network
OVO, officially a product of PT Visionet International, is a digital payment service based in Jakarta, Indonesia. It was established in 2017 with an e-money license from Bank Indonesia, [1] and in 2019 was Indonesia's top digital payment service. [2] Owned by Grab and local investors, [3] in 2019, OVO became Indonesia's first finance-tech ...
There are, broadly, three approaches to the administration of cross-border insolvency: [3] The territorial approach, whereby each country exercises its own domestic insolvency laws in relation to all the debtor's property and all of the creditors located within its jurisdiction.
A major problem for the court, like other parts of the legal system in Indonesia, is enforcement of decisions. The ability of the court system in Indonesia to have decisions enforced is sometimes quite weak and in recent years across Indonesia local officials have, in some cases, refused to abide by important decisions of the Constitutional Court.
Corruption is an important development challenge that poses economic and social costs in Indonesia. Interference in public laws and policies for the sake of personal or private gain has weakened the competitiveness of Indonesia. [8] About one-quarter of ministries suffer from budgetary diversions in Indonesia. Households spent approximately 1% ...
Law No.30/2002 on the Corruption Eradication Commission was passed in 2002, providing a legal basis for the establishment of the KPK. [7] [8] Since then, the commission has engaged in significant work, revealing and prosecuting cases of corruption in crucial government bodies reaching as high as the Supreme Court.
In accounting, insolvency is the state of being unable to pay the debts, by a person or company (), at maturity; those in a state of insolvency are said to be insolvent. ...
PT Bank Rakyat Indonesia (Persero) Tbk (lit. "Indonesian People's Bank"), commonly known as Bank BRI or just BRI, is one of the largest banks in Indonesia. [4] It specialises in small scale and microfinance [5] style borrowing from and lending to its approximately 30 million retail clients through its over 8,600 branches, units and rural service posts.
Organised crime in Indonesia refers to planned crimes in Indonesia that could be perpetrated by either a political party or Indonesian gangs, also referred to as preman. The illegal activities may include corruption , cybercrime , money laundering , violence , felonies , extortion , racketeering and drug trafficking .