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This article also features in The Report: Indonesia 2014. Read more about this report and view purchase options in our online store.
With a legal viewpoint from OBG partner, Todung Mulya Lubis, Senior Partner, Lubis Santosa & Maramis, this chapter navigates Indonesia’s legal framework, with focus on anti-corruption measures and other updates that may affect businesses and potential investors.
People say that all is fair in love and war, and based on recent examples, it would appear that this true of business in Indonesia as well. There are currently criminal proceedings against at least three big corporations in Indonesia, including Chevron Pacific Indonesia – relating to an allegation of corruption in the firm’s bioremediation projects (“Chevron bioremediation case”); Indosat Mega Media – relating to an allegation of corruption in the cooperation on broadband internet access…
In terms of corruption, Indonesia performs poorly. In 2012 Transparency International ranked Indonesia 118th out of 176 countries, with a Corruption Perception Index score of 32 on a scale of 0-100. Endemic and systematic corruption is a major factor hindering development and is a bane to foreign investment. Corruption has been responsible in crafting pandemonium in Indonesia, not only from an economic point of view, but also because it encourages most Indonesians to welcome corruption as a way…
Corruption is not new. It is as old as the history of human beings. And it will always be with us, because there will always be people who want to live in luxury, to be part of the jet set community, to be closer to the centres of power. No one can eradicate corruption completely, but there are ways to minimise it. In the case of Indonesia, eradication seems of highest priority because Indonesia still ranks among the most corrupt countries on earth, despite drastic action to combat it. Non-compliance…
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