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Jakarta Post

Minister to revise regulation after President’s criticism

  • News Desk

    The Jakarta Post

Jakarta   /   Tue, August 1, 2017   /   06:30 am
Minister to revise regulation after President’s criticism Energy talks: Energy and Mineral Resources Minister Ignasius Jonan (left) accompanied by his deputy Arcandra Tahar (right), attends a hearing at the House of Representatives in Jakarta on Nov. 22, 2016. (Antara/Agung Rajasa)

Energy and Mineral Resources Minister Ignasius Jonan plans to revise Ministerial Decree No. 42/2017 on business activity supervision in the energy and mineral resources sector after President Joko “Jokowi” Widodo criticized him for issuing regulations that made doing business more complicated.

Representatives of the ministry have attended meetings with several stakeholders, including investors in the energy and mineral resource business to seek input for the revision of the regulation, said ministry secretary-general Teguh Pamudji on Monday.

He added that Minister Jonan had met with the President soon after he arrived in Jakarta on Friday after his trip to the United States. Teguh said Jokowi had conveyed his direction to Jonan about the regulation revision.

"Right now, we have finished revising the regulation and will report the revision to the minister. The revision will be announced in a day or two," he said.

The regulation was issued on July 14 and received wide criticism, particularly on the obligation for companies to seek approval from the ministry and related institutions if there is a change in in their top management and if there is partial or full transfer of their shares. 

Teguh declined to explain about the revision, but stressed that there was a significant change in the revised regulation.

"Principally, we support investors. If the public wants to have a role in the revision, we will accommodate it as long as it is under our proper supervision and based on the existing regulation,” he added. (dea/bbn)