Cooperatives Minister: Cooperatives Bill will regulate cooperative supervisory authority
World1 source1 country🔦 Under-reported48m ago
Indonesian Minister of Cooperatives Ferry Juliantono announced that the upcoming Cooperative Bill (RUU Perkoperasian) will establish a dedicated supervisory authority for cooperatives. The proposed legislation aims to regulate oversight structures within the cooperative sector.
In a related development, Minister Juliantono also stated that cooperative parent organizations plan to reacquire KB Bank. The bank was previously under the control of or associated with cooperative entities before being transitioned.
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Antara News (Jakarta, Indonesia) (ID): Menkop: RUU Perkoperasian akan atur otoritas pengawas koperasiFocuses on the new regulatory framework and supervisory authority for cooperatives.
Antara News (Jakarta, Indonesia) (ID): Menkop: KB Bank akan diambil alih kembali oleh induk koperasiFocuses on cooperative parent organizations reacquiring KB Bank.
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