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Aside from SOEs, there are also provincially- or municipally-owned corporations, locally known as Badan Usaha Milik Daerah (BUMD). The primary difference between BUMNs and BUMDs is the ownership of the enterprise, whereas BUMNs are controlled by the Ministry of State Owned Enterprise while BUMDs are directly controlled by the local government.
The Ministry of State-Owned Enterprises (Indonesian: Kementerian Badan Usaha Milik Negara, shortened as Kementerian BUMN) is an Indonesian government ministry that oversee the development of state-owned enterprises in Indonesia. The ministry is led by a Minister of State Owned Enterprises, who reports to the President. [1]
The existence of village-owned enterprises was made clear with Government Law Number 72 of 2005, chapter 78, section 1, which specifically mentions Badan Usaha Milik Desa or BUMDes; Law Number 6 of 2014 on villages; Ministry of Home Affairs Regulation Number 39 of 2010 on the definition of a BUMDes; and Government Law Number 39 of 2021 on BUMDes.
Employees' Provident Fund (EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia .
Regional Development Banks (Indonesian: Bank Pembangunan Daerah, or BPD) are a type of bank in Indonesia that is established and owned by the local provincial government. Its purpose is to boost regional development and provide initial capital to the province that private banks would not risk giving, as well as giving basic financial services ...
The Association of Southeast Asian Nations, [c] commonly abbreviated as ASEAN, [d] is a political and economic union of 10 states in Southeast Asia.Together, its member states represent a population of more than 600 million people and land area of over 4.5 million km 2 (1.7 million sq mi). [13]
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ASB or asb may refer to: Ashgabat Airport, IATA code ASB; Antisocial behavior. Anti-social Behaviour Act 2003, an act of parliament in the United Kingdom, called the ASB law; Asymbescaline, a psychedelic drug similar to Mescaline; American Saddlebred, horse breed; Apostilb, a unit of luminance; Alt.sex.bondage, a Usenet newsgroup