(MENAFNEditorial)
JAKARTA February 27 2015 - Freight and Post Audit Association of Indonesia (Appkindo) objected to the requirement for regulated agent companies initial capital deposit of IDR25 billion from the ministry of transportation.
Appkindo Chairman Ibrahim Sahib worried that some regulated agents companies would be bankrupt because they couldn’t meet the qualifications set in the Minister of Transportation Decree No.23/2015 on the Freight and Post Security and Freight and Post Supply Chain Transported by Air.
According to him the requirement for proposing a regulated agent license of having a paid-in capital of at least IDR25 billion was increasingly difficult to be met by the majority of its members.
He also questioned if the IDR25 billion of capital also include assets owned by the company or in cash.
"If it should be in cash it will be difficult as getting such amount of money is not easy and we are not purely a commercial entity" he said during Appkindo 2nd National Conference Thursday (2/26/2015).
He insisted there were various alternatives that would be discussed with the Ministry of Transportation related to such condition.
As an alternative he added Appkindo would ask that terms of IDR25 billion to be paid in installments over five years in accordance with the duration of the regulated agent license. Read more...
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