Indonesia Drafts Rule to Transfer Whoosh Shares to Finance Ministry
5 Articles
5 Articles
The government hopes that the Presidential Decree will provide a clear legal basis, including the division of roles for each party, as well as the rights and obligations inherent in the transfer of Whoosh shares.
The government is currently preparing a Presidential Decree on the transfer of PSBI shares, which manages Whoosh, to the Ministry of Finance to regulate financial obligations and maintain operations.
The government is currently preparing a legal basis in the form of a Presidential Regulation (Perpres) to transfer ownership of PSBI shares through the Ministry of Finance.
The Ministry of Finance is currently preparing regulations to reorganize the management of the Jakarta-Bandung High-Speed Rail project, or Whoosh.
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