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Academia 1 month ago
PREMIUM
Patriotism needs no permission
Amid the ongoing commotion regarding the draft law on citizenship, perhaps it is time to hearken back to the wisdom of Ibu Pertiwi, our national personification, in revising our policies so they welcome back all who claim Indonesian roots with open arms.
Opinion 2 months ago
PREMIUM
Analysis: P2SK Law offers problematic path to IDX demutualization
Indonesia has taken a significant step toward overhauling the governance of its capital market after lawmakers approved revisions to the Financial Sector Development and Strengthening (P2SK) Law, paving the way for the eventual demutualization of the Indonesia Stock Exchange (IDX). The reform seeks to end the longstanding model in which the exchange is owned by its member brokerages, while also allowing institutions such as Bank Indonesia (BI), the Finance Ministry and state asset fund Danantara to become shareholders. However, rather than eliminating governance concerns, the new framework may simply shift them from conflicts among market participants to more complex questions about the state's role in owning the country's capital market infrastructure.
Academia 4 months ago
PREMIUM
Promising ‘no new tax amnesty’ is not enough
The anxiety over Indonesia's tax amnesty is that the policy created a kind of legal catch-22: In its aim to close a past legal problem, it left the legal consequences open-ended, potentially creating a new legal past for the state.
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