What does BUMD mean in INDONESIAN
BADAN USAHA MILIK DAERAH (BUMD) is an abbreviation that stands for State Owned Enterprises in Indonesia. It is defined by the Government of Indonesia as a legal entity which is wholly owned by local governments and formed to carry out economic activities within its region. BUMDs are regulated by the Regional Autonomy Law No. 32/2004.
BUMD meaning in Indonesian in International
BUMD mostly used in an acronym Indonesian in Category International that means Badan Usaha Milik Daerah
Shorthand: BUMD,
Full Form: Badan Usaha Milik Daerah
For more information of "Badan Usaha Milik Daerah", see the section below.
Essential Questions and Answers on Badan Usaha Milik Daerah in "INTERNATIONAL»INDONESIAN"
What does the acronym BUMD stand for?
BUMD stands for Badan Usaha Milik Daerah, which means State Owned Enterprises in Indonesia.
Who regulates BUMDs?
BUMDs are regulated by the Regional Autonomy Law No. 32/2004.
Does the Government of Indonesia have a specific definition for BUMDs?
Yes, the Government of Indonesia defines BUMDs as a legal entity which is wholly owned by local governments and formed to carry out economic activities within its region.
What type of activities can a BUMD perform?
A BUDM can perform any type of economic activity such as trade, industry or services that are related to local development and benefit the public or local community.
Are there any restrictions on foreign ownership in a BUDM?
Yes, foreign ownership in a BUDM must not exceed 49% according to Indonesian law.
Final Words:
In conclusion, BADAN USAHA MILIK DAERAH (BUMD) is an abbreviation that stands for State Owned Enterprises in Indonesia and it is regulated by the Regional Autonomy Law No. 32/2004 which stipulates certain rules and regulations regarding their operations and foreign ownership levels..
