By ARIS PRASETYO
JAKARTA, KOMPAS – It is suspected that the regional government which has the right to buy shares does not have sufficient funds. For this reason, a free share scheme for local governments - where mines are located - could be a way out. Apart from that, the obligation of companies involved in divestment management to submit financial reports regularly could be tightened.
This was conveyed by divestment policy researcher at Article 33, a research institute for social change, Iqbal Damanik, Thursday (23/2).
Iqbal gave an example, South Kalimantan had regional original income in 2015 of around IDR 3 trillion. Meanwhile, the funds needed to buy shares in mining companies in the area reach IDR 4.8 trillion.
“This means that there are not enough funds in the region to buy shares. "Apart from that, there is the potential for abuse of authority leading to corruption in divestment management planning," said Iqbal.
Deputy Chairman of Commission VII DPR from the Prosperous Justice Party, Hadi Mulyadi, added that the divestment policy is to realize the constitutional mandate, where the state is the owner of natural resources. According to him, if mining resources were managed independently, it would be enough to prosper all Indonesian people.
Government Regulation Number 1 of 2017 regulates the divestment of shares in mineral mining companies of at least 51 percent until the 10th year since the company started production. The release of shares of at least 51 percent was carried out in stages, namely in the sixth year it was 20 percent, in the seventh year it was 30 percent, in the eighth year it was 37 percent, in the ninth year it was 44 percent, and in the tenth year it was 51 percent. If the central government is not willing to buy, shares are offered to regional governments and to national private companies.
https://kompas.id/baca/ekonomi/2017/02/24/daerah-tak-punya-dana-untuk-beli-saham/
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