Economy, edisi : TE2706 - Illegal Cigarettes’ Fake Stamps - Magz TEMPO

Finance Minister Purbaya’s maneuvers to patch the budget sparked controversy, shifting the burden onto businesses, local governments, and state-owned enterprises.

The plan to merge state-owned construction companies is hampered by protracted financial restructuring. More companies are running into trouble.

The House of Representatives revived a long-stalled revision of the Oil and Gas Law. A state-owned enterprise with sweeping powers could be vulnerable to political interference.

The government plans to develop compressed natural gas in cylinders to replace subsidized LPG. The move carries risks of high costs and safety concerns.

A shortage of subsidized fuel supplies triggers widespread disruption. The causes range from abuse of the subsidy system to production problems.

The government changed Lemigas’ status to facilitate oil imports from Russia. The crude comes at a high price and carries the risk of international sanctions.

Money-laundering safeguards never surfaced during deliberations over the amendment to the Financial Sector Development and Strengthening Law. The governance loophole could undermine market confidence.