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Since 2003, there are two types of state-owned enterprises (SOEs) in Indonesia: Perusahaan Umum (Perum) (lit. 'public company'), are statutory public-benefit corporations with no shareholders. The main purpose of these SOEs is to provide goods and/or services to public. These firms are allowed to pursue profits.
Law of Indonesia is based on a civil law system, intermixed with local customary law and Dutch law.Before the British presence and colonization began in the sixteenth century, indigenous kingdoms ruled the archipelago independently with their own custom laws, known as adat (unwritten, traditional rules still observed in the Indonesian society). [1]
e. Corporate law (also known as company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations. Corporate law often describes the law relating to matters ...
Trading company. Trading companies are businesses working with different kinds of products which are sold for consumer, business, or government purposes. Trading companies buy a specialized range of products, maintain a stock or a shop, and deliver products to customers. Different kinds of practical conditions make for many kinds of business.
PT Perusahaan Perdagangan Indonesia (Persero) (lit. 'Indonesia Trading Company'), or PPI, is the only Indonesian state-owned trading house. Its business is in export, import and distribution. PPI was formed through the merger of three former so-called "Niaga" companies, state-owned trading companies PT Tjipta Niaga, PT Dharma Niaga and PT ...
Small and medium-sized enterprises. Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World ...
PT Perusahaan Listrik Negara (Persero) (lit. 'State Electricity Company', abbreviated as PLN) is an Indonesian government-owned corporation which has a monopoly on electric power distribution in Indonesia and generates the majority of the country's electrical power, producing 176.4 TWh in 2015. [2][3] It was included in the Fortune Global 500 ...
t. e. A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC ...