scholarly journals PENGATURAN INDUSTRI PERTAHANAN TERKAIT INVESTASI ASING (REGULATION ON DEFENSE INDUSTRY RELATED TO FOREIGN INVESTMENT)

2017 ◽  
Vol 8 (2) ◽  
pp. 271-287
Author(s):  
Adi Haryono
Keyword(s):  
Foreign Investment ◽  
Joint Venture ◽  
Limited Liability ◽  
Defense Industry ◽  
Industrial Sector ◽  
Foreign Investor ◽  
Strategic Value ◽  
Open Sector ◽  
The Government ◽  
Industry Policy

Diverse foreign investment schemes on defense industry in various countries are undergoing reform stage in order to recover domestic industry as well as to create sustainable industries. The transformation evolves in investment regulations and industry governance. This research use a normative juridical approach on the open and closed defense industry related to foreign investment, and on government role to create sustainable Joint Venture (JV). The Government has regulate level of participation of foreign investor on defense industries, based on strategic value level of defense industry’s cluster, thru level of control toward foreign investor in defense industry, starting from 0 percent to maximum 49 percent for closed sector under JV with State Owned Enterprise (SOE) for conditional open sector, and to maximum of 100 percent for open sector. Law No. 16 of 2012 on Defense Industry stipulates that the Industry of Key Equipment is non-accessible for foreign participation, while Law No. 25 of 2007 on Direct Investment, stipulates that the industry of weaponry, explosive device, gunpowder, and combat equipment, are non-accessible for foreign participation, and as a consequence harmonization of the two Laws is of necessity. To create sustainable JV, planning and control over JV by the government is crucial. Government thru Defense Industry Policy Committee (KKIP), determines on which industrial sector is economical and has competitive edge to defense industry and also determines which SOE and foreign partner will run the organization of JV. Control over JV with 51% of shares owned by SOE will be conducted according to Law No. 40 of 2007 on Limited Liability Company. AbstrakBerbagai skema PMA industri pertahanan di berbagai negara mengalami tahapan reformasi demi tercapainya revitalisasi industri dalam negeri maupun terciptanya industri yang berkesinambungan. Reformasi yang dilakukan meliputi peraturan penanaman modal dan tata kelola industri. Penelitian ini merupakan penelitian yuridis normatif tentang bidang usaha yang terbuka dan tertutup bagi PMA di industri pertahanan, dan bagaimana pemerintah membentuk Joint Venture(JV) yang berkesinambungan. Pemerintah telah mengatur tingkat partisipasi PMA di industri pertahanan berdasarkan tingkat nilai strategis suatu klaster industri pertahanan, melalui derajat pengendalian pihak asing di suatu perseroan pertahanan, dari sektor tertutup atau 0%, bersyarat di bawah BUMN hingga 49%, dan sektor terbuka hingga 100%. UU No. 16 Tahun 2012 tentang Industri Pertahanan mengatur bahwa Industri Alat Utama merupakan Industri yang tertutup bagi partisipasi asing, sementara UU No. 25 Tahun 2007 tentang Penanaman Modal mengatur bahwa industri senjata, mesiu, alat peledak, dan peralatan perang tertutup bagi asing, sehingga harmonisasi peraturan diperlukan. Untuk membentuk JV yang berkesinambungan, perencanaan Pemerintah dan pengendalian JV memegang peranan penting. Penentuan sektor industri pertahanan yang berdaya saing dan ekonomis dilakukan oleh Komite Kebijakan Industri Pertahanan (KKIP), termasuk penentuan BUMN dan Mitra PMA yang akan menjalankan organ perseroan JV. Pengendalian JV yang 51% sahamnya dimiliki oleh BUMN, akan dilakukan sesuai UU No. 40 Tahun 2007 tentang Perseroan Terbatas.

scholarly journals Notary Role in The Establishment of Foreign Investment Limited Company Based on The Act No. 25 Of 2007 on Investment in Semarang

Jurnal Akta ◽  
2018 ◽  
Vol 5 (4) ◽  
pp. 965
Author(s):  
Noor Rachmawati ◽  
Lathifah Hanim
Keyword(s):  
Foreign Investment ◽  
Joint Venture ◽  
Limited Liability ◽  
Field Research ◽  
Library Research ◽  
Limited Company ◽  
The Republic ◽  
The Government

Research on the role of the notary in the establishment of a Foreign Investment Limited Company (PMA) in Semarang aims to determine the role of a notary in the establishment PT.PMA. The research method is normative with library research and regulatory legislation in the field of investment include field research. This study uses a technique of direct communication with the tool in the form of interview guidelines. Interviews are used is free unstructured but questions that do not come out of the subject matter. Based on the results of the study concluded that the role of the notary in the establishment of PT. PMA is based on Act No. 25 of 2007 on Investment in Semarang are procedures that should be implemented is the submission of PMA addressed to the Investment Coordinating Board (BKPM), with regard to this case, the task of the notary help the government provide legal counseling for the parties to the establishment, make Joint Venture Agreement in accordance with applicable legislation and in charge of manufacture of a limited liability company's certificate of incorporation approved by the Minister of Justice and Human Rights of the Republic of Indonesia. In the event of an error PT.PMA establishment, the notary is responsible for the deed change, but the responsibility of the notary in the case of the fraud perpetrated by the founder of the company who act in bad faith, then it becomes the responsibility of the founders of the company. Constraints faced by thebusiness licensing constraints, constraints business domicile, the determination of business areas, administrative requirements and constraints lack of capital to start build a company.Keywords: Role of the Notary; Foreign Investment; Limited Company.

Australia will seek foreign infrastructure money

2019 ◽  
Keyword(s):  
Population Growth ◽  
Foreign Investment ◽  
Foreign Investor ◽  
State Governments ◽  
Foreign Investors ◽  
Content Type ◽  
Competitive Disadvantage ◽  
The Government ◽  
Budget Surplus ◽  
Tax Cuts

Significance Tax cuts were announced earlier this month for foreign investment in infrastructure, including transport, energy, water and communication. The move follows concerns that spending on infrastructure is too low for Australia’s projected population growth. Impacts The stimulus does not involve any new spending and will require the support of state governments, which co-fund some projects. Tax concessions will help ease a competitive disadvantage faced by foreign investors, but there will still be market barriers. Uncertain confidence in the current government could depress foreign investor interest. If it maintains the budget surplus, the government will keep backbenchers’ support.

scholarly journals IMPACTS OF THE INDONESIAN GOVERNMENT POLICY IN THE FIELD OF DEFENSE INDUSTRY ON THE OPERATIONS AND SUPPLY CHAIN STRATEGIES OF PT. PAL AND PT DAYA RADAR UTAMA IN PRODUCING THE INDONESIAN NAVY’S MAIN WEAPON SYSTEMS

2018 ◽  
Vol 8 (1) ◽  
Author(s):  
Syaiful Anwar
Keyword(s):  
Supply Chain ◽  
Field Research ◽  
Defense Industry ◽  
Supply Chain Strategy ◽  
Weapon Systems ◽  
Low Level ◽  
Fair Competition ◽  
The Government ◽  
Negative Impacts ◽  
Industry Policy

<strong>Abstract</strong> - Two Indonesian companies, namely PT PAL and PT. Daya Radar Utama (DRU), have been given the tasks by the Government of Indonesia to produce several warships for the Indonesian Navy. The Government has also issued a policy in the field of defense industry, which among others regulates matters related to the procurement of the TNI’s main weapon systems. This research is intended to examine the impacts of the policy on the operations and supply chain strategies of PT PAL and PT DRU in producing warships. By using descriptive qualitative analysis method, the Researcher analyzed empirical data obtained in the field research supported by several theories, namely theory of strategy, theory of operations and supply chain strategy, theory of public policy, and theory of self-sufficient. From the analysis, there are several findings. The policies have given a certain level of positive impacts on the industries, such as: the improvement of cooperations among them, the improvement of manufacturing process due to the product’s standardization, the improvement of self-reliance level of the industries, and the capability improvement of the companies due to cooperation with foreign parties. However, the policies still give negative impacts to the companies, such as: the low level application of the supply chain management, low level use of the domestic materials and ship’s components, and the low level of fair competition among domestic defense industries.<br /><strong>Keywords</strong>: operation strategy, supply chain, warship, PT PAL, PT DRU, Navy, Government of Indonesia, defense industry policy.

scholarly journals The determinant effect of industry sub-sectors on the gross regional domestic product in Maluku

2015 ◽  
Vol 18 (2) ◽  
pp. 155
Author(s):  
Teddy Christianto Leasiwal
Keyword(s):  
Economic Growth ◽  
Panel Data ◽  
Natural Resources ◽  
Industrial Sector ◽  
Gdp Growth ◽  
Interesting Problem ◽  
Sustainable Society ◽  
Strategic Value ◽  
The Government ◽  
Development Outcomes

The development that takes place in a province as a whole and sustainable society has improved the economy. The achievement of development outcomes are strongly felt by society as the aggregate of development of 11 districts or cities in the province of Maluku which is inseparable from the endeavors jointly undertaken between the government and society. GDP of Maluku province is ranked 31 out of 33 provinces in Indonesia, an interesting problem to be studied, when considering the natural resources, infrastructure support, and even the location of Maluku as the archi-pelago. This is considered to have strategic value. This study uses panel data to measure GDP growth through industrial sector based on the effect of investment, employment, and the number of companies located in it. The results show that the number of the companies, labors, and investment, in general industrial subsector, have effect on the increase in GDP, which in turn can affect the economic growth in Maluku.

Foreign Investment in Hospital Sector in India

2017 ◽  
Vol 52 (4) ◽  
pp. 247-264
Author(s):  
Shailender Kumar Hooda
Keyword(s):  
Health Care ◽  
Foreign Investment ◽  
Health Care Services ◽  
Joint Venture ◽  
Tertiary Care ◽  
Private Investment ◽  
Cost Effective ◽  
Hospital Sector ◽  
Care Services ◽  
The Government

This study examines the status and trends of foreign investment inflow in Indian hospital sector and highlights emerging issues. During the liberalized foreign investment regime between 2000 and 2014, a large number of foreign players have been focusing on Indian hospital sector and have enlarged their presence through partnership and investment in joint venture projects. Though foreign investment inflow in hospitals has increased to almost hundred times, it constitutes a small share within total financing of health care. It is the long-term domestic borrowing that predominates. The overall growth in foreign investment has largely been for providing super-speciality and tertiary care services particularly in the metropolitan cities, while investment for primary and secondary cares, clinical research, drugs development, diagnostic services and rural area remained negligible. The study argues that the private investment can play a complementary role in providing tertiary and speciality care services particularly in the untapped hospital market and it should not be considered as the substitute of public provisioning of health care services. The role of the government is warranted to provide cost-effective cares to general population across remotest area of the country.

scholarly journals DAMPAK PERTUMBUHAN EKONOMI, KONTROL KORUPSI, DAN YIELD TERHADAP INVESTASI ASING DI PASAR SUN

2021 ◽  
Vol 5 (2) ◽  
Author(s):  
Wahyu Tri Rahmawati ◽  
Willem A. Makaliwe
Keyword(s):  
Economic Growth ◽  
Emerging Markets ◽  
Foreign Investment ◽  
Quantitative Methods ◽  
Panel Data Analysis ◽  
Developed Countries ◽  
High Yield ◽  
Foreign Investor ◽  
Pull Factors ◽  
The Government

ABSTRACT   Foreign investment in debt securities in Indonesia continues to grow. Foreign investor ownership in Government Securities (SUN) reached 39% at the end of 2019 from initially only less than 1% at the end of 2002. Foreign investor hold the largest ownership in tradable Government Securities. This study discusses the push and pull factors of foreign portfolio in debt securities investment in emerging markets and Indonesia on the period of 2000-2017. This research uses quantitative methods with panel data analysis. The results showed that economic growth, corruption control, dan financial openness were the main pull factors for foreign investment in debt instruments in emerging markets. Low yield in developed countries was the push factor of foreign investment in debt securities into emerging markets. In addition to economic growth and corruption control, yield on local debt instruments attract foreign investment in debt securities in Indonesia. The results showed that the yield on local debt securities have a negative effect on foreign investment in Indonesian debt securities so that the government does not need to provide too high yield on Government Securities.

Coercion and Foreign Investment Rearrangements

1978 ◽  
Vol 72 (1) ◽  
pp. 17-36 ◽  
Author(s):  
Detlev F. Vagts
Keyword(s):  
Foreign Direct Investment ◽  
Foreign Investment ◽  
Direct Investment ◽  
Foreign Investor ◽  
The Past ◽  
Whole Process ◽  
The Government

Expropriations in the later 1970’s often proceed more suavely than in the past. Straightforward seizure, to be sure, still has devotees. However, an increasingly favored approach is to induce the foreign investor to convey his property (or an interest therein) by an instrument that on its face represents an ordinary sale. That sale may be accompanied by a revision of the terms of some underlying contract between the investor and the government. The purpose of this article is to explore whether any body of rules now exists setting limits to the means that a government can use to obtain the investor’s consent. It then asks whether that law could be further developed so as to improve the quality of such negotiations and to cause them to produce more equitable results. Thereby it would indirectly improve the security and efficiency of the whole process of foreign direct investment.

Banking for the Future

2011 ◽  
pp. 114-137
Author(s):  
Yasser Al Saleh ◽  
Eric Lou
Keyword(s):  
Joint Venture ◽  
Industrial Sector ◽  
Insurance Companies ◽  
Professional Relationship ◽  
Competitive Edge ◽  
Bank Management ◽  
Before And After ◽  
Ministry Of Finance ◽  
The Government ◽  
Set Up

This chapter presents the case of a bank that was established in late 1973 by an initiative from the Government, as a joint venture between the Ministry of Finance, the Central Bank, all commercial banks registered in the country, insurance companies, and some large industrial investment firms. The chapter presents the before and after analysis of IT readiness in the bank. Through the analysis it was realised that the use of IS/IT in the Bank is well behind that normally expected from a bank, which is set up to promote the industrial sector of a major finance centre. The Bank management needs to recognise that technology is changing too fast for the non-specialist to keep up. It is therefore an essential part of a truly professional relationship between a business and its IS/IT staff that they help management to understand that business opportunities which would arise from IS/IT utilization in new areas such as electronic commerce. This vision does not exist in the Bank, at least not in those professionals whose position would give them the necessary influence. This means that the Bank’s top management need is to consider IS/IT as a strategic tool to achieve a competitive edge in pursuing the Bank’s goals.

Eksistensi Penanaman Investasi Asing di Indonesia dan Hak Menguasai Negara Berdasarkan Pasal 33 UUD NRI Tahun 1945

Jurnal Hukum ◽  
2016 ◽  
Vol 31 (2) ◽  
pp. 1833
Author(s):  
Rihantoro Bayu Aji
Keyword(s):  
Water Resource ◽  
Public Service ◽  
Foreign Investment ◽  
Public Interest ◽  
Oil And Gas ◽  
Unfair Competition ◽  
Foreign Investor ◽  
Foreign Companies ◽  
The Law ◽  
The Right

 AbstractActually the existence of foreign investment in Indonesia is not new phenomenon, due to foreign investment exist since colonialism era.The existence of foreign investment is still continuing to Soeharto era until reformation era. Spirit of foreign investment in colonialism era, Soharto era, and reformation era are different. Foreign investment in colonialsm era just explore of nation asset and ignore of nation welfare, and this matter is different from the character of foreign investment in Soeharto era also reformation era. Eventhough the involvement of foreign investor have any benefits to the host country, but on the other hand foreign investment have business oriented only whether the investment is secure and may result of profit. Refer to The Law Number 25 Year of 2007 Concerning Investment (hereinafter called UUPM) can not be separated from various interest that become of politic background of the law, even the law tend to liberalism of investment. Liberalism in the investment sector particularly of foreign investment basically exist far from issuing of UUPM, and the spirit of liberalism also stipulate in several rules among others The Law Number 5 Year of 1999 Concerning Prohibitation of Anti Trust and Unfair Competition, The Law Number 22 Year of 2001 Concerning Oil and Gas, The Law Number 7 Year of 2004 Concerning Water Resource, and also The Law Number 30 Year of 2009 Concerning Electricity.   Many rules as mentioned above has liberalism character and also indicator opposite wit the right to manage of the state to nation asset that relate to public interest as stipulated in the Indonesia Constitution. Actually the issuing of UUPM in case of implementation of article 33 Indonesia Constitution (UUD NRI 1945). Due to opportunity by Government to foreign investment as stipulate by article 12 UUPM and also the existence of many rules as well as The Law Number 5 Year of 1999 Concerning Prohibitation of Anti Trust and Unfair Competition, The Law Number 22 Year of 2001 Concerning Oil and Gas, The Law Number 7 Year of 2004 Concerning Water Resource, and also The Law Number 30 Year of 2009 Concerning Electricity, so the foreign investment that relate to public service is more exist in Indonesia. The existence is reflected many foreign companies. Free of foreign investment relate to public service is opposite with spirit of article 33 Indonesia Constitution. Keywords: Foreign Investment, Right of  State, Article 33 Indonesia Consitution AbstrakEksistensi penanaman modal asing (investasi asing) di Indonesia sebenarnya bukan merupakan fenomena baru di Indonesia, mengingat modal asing telah hadir di Indonesia sejak zaman kolonial dahulu.   Eksistensi penanaman modal asing terus berlanjut pada era orde baru sampai dengan era reformasi. Tentunya semangat penanaman modal asing pada saat era kolonial, era orde baru, dan era reformasi adalah berbeda. Penanaman modal asing pada saat era kolonial memiliki karakter eksploitatif atas aset bangsa dan mengabaikan kesejahteraan rakyat, hal ini tentunya berbeda dengan karakter penanaman modal asing pada era orde baru, dan era reformasi. Sekalipun kehadiran investor membawa manfaat bagi negara penerima modal, di sisi lain investor yang hendak menanamkan modalnya juga tidak lepas dari orientasi bisnis (oriented business), apakah modal yang diinvestasikan aman dan bisa menghasilkan keuntungan. Melihat eksistensi Undang–Undang Nomor 25 Tahun 2007 tentang Penanaman Modal (UUPM) tidak dapat dilepaskan dari beragam kepentingan yang mendasari untuk diterbitkannya undang–undang tersebut, bahkan terdapat kecenderungan semangat dari UUPM lebih cenderung kepada liberalisasi investasi. Liberalisasi pada sektor investasi khususnya investasi asing pada dasarnya eksis jauh sebelum lahirnya UUPM ternyata juga tampak secara tersirat dalam beberapa peraturan perundang–undangan di Indonesia. Perundang–undangan tersebut antara lain Undang–Undang Nomor 5 Tahun 1999 tentang Larangan Praktek Monopoli dan Persaingan Usaha Tidak Sehat, Undang–Undang Nomor 22 Tahun 2001 tentang Minyak Dan Gas Bumi, Undang–Undang Nomor 7 Tahun 2004 tentang Sumber Daya Air, dan Undang–Undang Nomor 30 Tahun 2009 tentang Ketenagalistrikan.Banyaknya peraturan perundang–undangan yang berkarakter liberal sebagaimana diuraikan di atas mengindikasikan bahwa hak menguasai negara atas aset bangsa yang berkaitan dengan hajat hidup orang banyak sebagaimana diamahkan oleh Undang–Undang Dasar 1945 (Konstitusi) mulai “dikebiri” dengan adanya undang–undang yang tidak selaras semangatnya. Padahal, UUPM diterbitkan dalam kerangka mengimplementasikan amanat Pasal 33 Undang–Undang Dasar Negara Republik Indonesia Tahun 1945 (UUD NRI 1945). Dengan adanya peluang yang diberikan oleh pemerintah kepada investor asing sebagaimana yang diatur dalam Pasal 12 UUPM ditambah lagi dengan adanya Undang–Undang Nomor 5 Tahun 1999 tentang Larangan Praktek Monopoli dan Persaingan Usaha Tidak Sehat, Undang–Undang Nomor 22 Tahun 2001 tentang Minyak Dan Gas Bumi, Undang–Undang Nomor 7 Tahun 2004 tentang Sumber Daya Air, dan Undang–Undang Nomor 30 Tahun 2009 tentang Ketenagalistrikan, maka investasi asing yang berhubungan dengan cabang– cabang yang menguasai hajat hidup orang banyak semakin eksis di Indonesia. Terbukanya investasi asing atas cabang–cabang produksi yang menguasai hajat hidup orang banyak tentunya hal ini bertentangan dengan konsep hak menguasai negara sebagaimana diatur dalam Pasal 33 UUD NRI 1945. Kata Kunci: Investasi Asing, Hak Menguasai Negara, Pasal 33 UUD NRI Tahun          1945

scholarly journals Infrastructure Joint Venture Projects in Malaysia: A Preliminary Study

2018 ◽  
Vol 34 ◽  
pp. 01020
Author(s):  
Norsyakilah Romeli ◽  
Faridah Muhamad Halil ◽  
Faridah Ismail ◽  
Muhammad Sufian Hasim
Keyword(s):  
Joint Venture ◽  
Infrastructure Development ◽  
Developed Country ◽  
Survey Question ◽  
Construction Period ◽  
Railway Infrastructure ◽  
Infrastructure Project ◽  
Technical Issues ◽  
Spss Software ◽  
The Government

As many developed country practise, the function of the infrastructure is to connect the each region of Malaysia holistically and infrastructure is an investment network projects such as transportation water and sewerage, power, communication and irrigations system. Hence, a billions allocations of government income reserved for the sake of the infrastructure development. Towards a successful infrastructure development, a joint venture approach has been promotes by 2016 in one of the government thrust in Construction Industry Transformation Plan which encourage the internationalisation among contractors. However, there is depletion in information on the actual practise of the infrastructure joint venture projects in Malaysia. Therefore, this study attempt to explore the real application of the joint venture in Malaysian infrastructure projects. Using the questionnaire survey, a set of survey question distributed to the targeted respondents. The survey contained three section which the sections are respondent details, organizations background and project capital in infrastructure joint venture project. The results recorded and analyse using SPSS software. The contractors stated that they have implemented the joint venture practice with mostly the client with the usual construction period of the infrastructure project are more than 5 years. Other than that, the study indicates that there are problems in the joint venture project in the perspective of the project capital and the railway infrastructure should be given a highlights in future study due to its high significant in term of cost and technical issues.

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