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Press Release: Importance of Transparency for Improving Governance in the Mining Sector

FGD DMO 2018_2

Jakarta, September 26th, 2018 – In an effort to uphold the principle of transparency and efforts to improve governance in the extractive industry sector (oil and gas), the Coordinating Ministry for Economic Affairs held a Focus Group Discussion:  Domestic Market Obligation (DMO) of coal and its implications in Aryaduta Hotel. This activity is one of the efforts carried out to meet the standards of the Extractive Industries Transparency Initiative (EITI) which currently has been implemented by 51 countries, including Indonesia. EITI continues to encourage transparency in the governance of natural resources, including the mineral and coal sector to the public. ... Read More »

Extractive Industries Portal Data Workshop

Workshop Portal 7 Agustus

EITI Indonesia Secretariat collaborates with the World Bank and Publish What You Pay (PWYP) Indonesia hold a workshop on the Extractive Industry Data Portal at Hotel Century Park, Jakarta, August 7, 2018. The activity aims to encourage the use of extractive industry data portals to improve the transparency of extractive industries in Indonesia. The activity also aims to get input about the use and development of the data portal.  The workshop was attended by around 25 participants from representatives of civil society, the media and academics. The participants are encouraged to be able to use the data in the data ... Read More »

Press Release: Government Demands Transparency of Beneficial Owners of Extractive Industries Corporations

Sosialisasi BO Bali

Kuta, 10 August 2018 – In an effort to increase the transparency of the oil and gas and mineral and coal sectors, Coordinating Ministry for Economic Affairs conducted a socialization on the implementation of the Extractive Industries Transparency Initiative (EITI) and Beneficial Ownership (BO) Reporting at Bali Dynasty Resort, Kuta, Bali. BO transparency or the owner of corporate benefits is one of the things required by the EITI Standard, where Indonesia is one of the implementing countries for EITI along with 50 other countries.  In many extractive resource-rich countries, the secrecy of corporate ownership is one of the causes of ... Read More »

Press Release: Transparency for Improving Commodity Trading Governance of Oil and Gas

CT Forum2

Jakarta, July 20, 2018 – In an effort to increase the transparency of the oil and gas sector, the Coordinating Ministry for Economic Affairs held an Oil and Gas Commodity Trading Forum at the Borobudur Hotel, Jakarta. Information disclosure in the oil and gas sector is one of the things required in the Standard Extractive Industries Transparency Initiative (EITI), in which Indonesia is one of the implementing countries for EITI along with 50 other countries.  Transparency of oil and gas trade is based on the number of State-Owned Enterprises (SOEs) in many countries, which play an important role in the ... Read More »

Press Release: Transparency as Efforts to Improve Governance of Distribution of Revenue Sharing Funds

Batam FGD

In an effort to uphold the principle of transparency in the extractive industry sector oil and gas at the national and regional levels, the Coordinating Ministry for Economic Affairs held Focus Group Discussions (FGD) at Aston Hotel, Batam, April 9, 2018, Riau Islands. This activity discusses the distribution of Revenue Sharing Funds (DBH) in the extractive industry sector. DBH is a fund sourced from APBN revenue that is distributed to regions based on a certain percentage figure. The discussion of the DBH issue is closely related to the principle of transparency which has been echoed by the Extractive Industries Transparency ... Read More »

Scoping Study for Guidance of EITI Report 2016

scoping

EITI Indonesia is currently preparing the 2016 EITI Report. The EITI Standard requires a time difference between the publication of the EITI Report and the reporting year of not more than two years. To meet these requirements, the scope as a reference for the completion of the 2016 EITI Report has been prepared. The discussion of the scope of the EITI Report was carried out at the MSG meeting on March 2, 2018. The EITI report consists of 2 parts, the Reconciliation Report and Contextual Report. One of the important things in the scope of the report is the determination ... Read More »

Revision of Presidential Regulation No. 26 of 2010 to Strengthen Implementation of EITI

Corporate-law-governance

The EITI MSG is currently drafting a revised Presidential Regulation No. 26 of 2010 which is the legal basis for EITI implementation in Indonesia. A number of Focus Group Discussions (FGDs) meetings and discussions have been held to be able to complete the draft revised of Presidential Regulation. One of the revisions to the Presidential Regulation is to prepare for the Indonesian EITI validation process, which is planned to take place from September this year. In addition, the more important thing in the revision of the Presidential Regulation is the strengthening of the implementation of EITI in Indonesia. Presidential Regulation ... Read More »

Presidential Regulation of Beneficial Ownership, A Step Forward for Extractive Industries Transparency

BO Illustration

After going through a long process, the legal basis for overseeing transparency of beneficial ownership (BO) in Indonesia is officially valid. Presidential Regulation No. 13 of 2018 concerning the Principle of Recognizing Benefit Owners of Corporations in the Context of Prevention and Eradication of Crimes of Money Laundering and Crime of Terrorism was promulgated on March 5, 2018. This regulation is to prevent money laundering and tax avoidance from beneficial ownership (BO) or beneficial owners of a corporation. In the Presidential Regulation, it is explained that the owner of a corporate benefit or BO is an individual who can appoint ... Read More »