Audit Board Audit Agency Report Reveals Inefficient Utilization of PMN in Indonesian State Owned Enterprises

State-Owned Enterprises (SOEs) in Indonesia have been criticized for their inability to utilize State Equity Participation (PMN) funds allocated to them for infrastructure development projects. According to a report by the Audit Board Audit Agency (CPC), 13 SOEs were unable to utilize the PMN funds allocated to them between 2015 and 2016. The total value … Read more

Juan Sutil assures that “today Chile is not a safe country to invest in”

Juan Sutil assures that “today Chile is not a safe country to invest in”

The president of the Confederation of Production and Commerce (CPC), Subtle Johnagain referred to the constituent process, although he also addressed other issues such as the tax reform proposed by the Government and asserted that “unfortunately, today Chile is not a safe country to invest“. In an extensive interview with El Mercurio, the union leader … Read more

BPK asks for money for Garuda Rp. 7.5 T to be returned to the state treasury

BPK asks for money for Garuda Rp. 7.5 T to be returned to the state treasury

Jakarta – The Supreme Audit Agency (BPK) stated that the remaining Rp 7.5 trillion of the government’s investment funds for the national economic recovery program or PEN in 2020 and 2021 to PT Garuda Indonesia could not be distributed. Head of BPK Isma Yatun said that on this matter, BPK gave recommendations to the government. … Read more

BPK Finds Overpaying Salaries of DKI Provincial Government Employees of IDR 4.17 Billion

BPK Finds Overpaying Salaries of DKI Provincial Government Employees of IDR 4.17 Billion

Jakarta – The Supreme Audit Agency (BPK) gives an unqualified predicate (WTP) to financial statements DKI Jakarta Provincial Government. However, BPK stated that there were still a number of findings related to the DKI Provincial Government’s financial reports, one of which was about overpayment of salaries. In the 2021 DKI Jakarta Examination Results Report (LHP), … Read more

KPK Suspected Bribery Mode for WTP Like the Regent of Bogor Happened at the Ministry

KPK Suspected Bribery Mode for WTP Like the Regent of Bogor Happened at the Ministry

Jakarta – KPK Bogor Regent Ade Yasin has been named a suspect for allegedly giving bribes to employees of the West Java Representative Audit Board (BPK) for the sake of an unqualified predicate (WTP). The KPK suspects a similar mode of action in other ministries and institutions. “Such methods are currently likely to occur in … Read more

Head of West Java BPK removed after KPK OTT related to bribery of Regent Ade Yasin

Head of West Java BPK removed after KPK OTT related to bribery of Regent Ade Yasin

Jakarta, CNN Indonesia — Audit Board of the Republic of Indonesia (CPC) RI removed the Head of the West Java Representative Office after a number of auditors were arrested by KPK related to the alleged corruption case of accepting bribes from the Bogor Regent Ade Yasin |. “We have deactivated the Head of the West … Read more

DKI Pays Dead Civil Servant Salaries and Retires

DKI Pays Dead Civil Servant Salaries and Retires

Jakarta, CNN Indonesia — Audit Board of the Republic of Indonesia (CPC) found that the DKI Jakarta Provincial Government was still paying wages and regional performance allowances (TKD) for employees who have died or retired in 2020. The amount reaches Rp. 862.7 million. The findings were conveyed in the Examination Results Report (LHP) of the … Read more

Former CEO of BEI Criticizes BPK, Impressed by Command Cut Loss 6 Shares

Former CEO of BEI Criticizes BPK, Impressed by Command Cut Loss 6 Shares

Jakarta, CNBC Indonesia – Former IDX President Director, Hasan Zein Mahmud, criticized the recommendation of the Supreme Audit Agency (BPK) to cut losses on six stocks that are part of the BPJS Employment portfolio. The six stocks include PT Salim Ivomas Pratama Tbk (SIMP), PT Krakatau Steel Tbk (KRAS), PT Garuda Indonesia Tbk (GIAA), PT … Read more

PKS Responds to BPK Findings: Indonesia is Now Trapped in Debt

PKS Responds to BPK Findings: Indonesia is Now Trapped in Debt

Jakarta, CNN Indonesia — Prosperous Justice Party politician (VFD) Anis Byarwati admits that Indonesia is trapped debt now. According to him, this situation occurred because debt grew higher than state revenue or economic growth. This statement was made by Anis in response to the statement by the Supreme Audit Agency (BPK) which said he was … Read more