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Comparison of Financial Institution Supervision between Indonesia’s Danantara and Singapore’s Temasek Holdings Suryana, Komang Genta; Astariyani, Ni Luh Gede; Sahadewa, Anak Agung Gde Ananta Wijaya
International Journal of Business, Law, and Education Vol. 6 No. 2 (2025): International Journal of Business, Law, and Education (On Progress July-Desembe
Publisher : IJBLE Scientific Publications Community Inc.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56442/ijble.v6i2.1217

Abstract

This study examines a comparative analysis of financial institution supervision and state investment management between Indonesia and Singapore, focusing on the Indonesia Investment Authority (Danantara) and Temasek Holdings. The objective of this research is to identify the legal frameworks governing both entities and to analyze the fundamental differences in supervisory approaches, governance structures, and public accountability mechanisms. The research employs a normative juridical method using statute, conceptual, and comparative approaches, supported by the analysis of primary and secondary legal materials. The findings indicate that Indonesia applies a fragmented supervisory system in which the Financial Services Authority (OJK) and Bank Indonesia divide microprudential and macroprudential functions, while Danantara operates as a sovereign investment entity separate from the regulators. In contrast, Singapore adopts an integrated risk-based supervisory model through the Monetary Authority of Singapore (MAS) and establishes strategic synergy with Temasek Holdings, which is managed professionally under strong corporate governance principles, high transparency, and public accountability. The study concludes that Singapore’s model is more adaptive to global dynamics through the integration of supervisory functions and state asset management, whereas Indonesia needs to strengthen inter-institutional coordination, consistently implement risk-based supervision, and enhance the governance and transparency of Danantara. The Temasek model may serve as a reference for reinforcing Indonesia’s legal framework and improving the effectiveness of sovereign investment management.
Legal Morality of Constitutional Court Decision Number 90/PUU-XXI/2023 Based on Pancasila Wijaya, Made Hendra; Subawa, I Made; Palguna, I Dewa Gede; Astariyani, Ni Luh Gede; Sumadi, I Putu Sudarma
East Asian Journal of Multidisciplinary Research Vol. 3 No. 9 (2024): September 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/eajmr.v3i9.10863

Abstract

Pancasila, as the source of legal morality of Indonesia, is used as the primary benchmark by Judges of the Constitutional Court in providing decision. The paper at hand explains that the constitutional court decision Number 90/PUU-XXI/2023 has moral weaknesses related to legal behaviour derived from Pancasila, specifically, First: Constitutional Court Decision had led to conflict and arising different views that potentially might cause disruption to Indonesia nation entity. Second: Constitutional Court Decision does not fully align with the Wisdom in Deliberation principle contained in the Fourth Principle of Pancasila. Third: Constitutional Court Judgment does not satisfy the sense of justice for Indonesian People. This paper employs a normative research method with a conceptual approach and a value-based approach.
Legal Dynamics of Age Limits for Presidential and Vice Presidential Candidates Based on Article 169 Letter Q of Law Number 7 of 2017 Concerning General Elections Otni Magho, Alpian; Yusa, I Gede; Astariyani, Ni Luh Gede
West Science Interdisciplinary Studies Vol. 2 No. 12 (2024): West Science Interdisciplinary Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsis.v2i12.1478

Abstract

Justice, non-discrimination, equality before the law are important values of the constitution. This study seeks to examine the constitutional rights of the younger generation that were cut by the framers of the law through the age requirement in the electoral law for presidential and vice presidential candidates. The research method used is a normative legal research method with qualitative methods. The age requirement no longer needs to be regulated in the Election Law because it is not in line and is not expressly regulated by the 1945 Constitution. If it is still regulated, the age requirement used must be 18 years, in accordance with the adult size applicable in Indonesia, as a consequence providing opportunities for the younger generation to participate in politics and government, and realize a more inclusive democracy. Factors influencing the setting of age requirements for presidential and vice presidential candidates are the history of national leadership, maintaining the status quo, and senior-junior practices. Therefore, Article 169 letter Q of the Election Law must be revised/deleted.
Legal Hermeneutics in Reforming Preparation of Village Regulation: Case of Indonesia and Timor Leste Astariyani, Ni Luh Gede; Yusa, I Gede; Hermanto, Bagus; da Cruz, Rosino
Al-Risalah Vol 25 No 1 (2025): June 2025
Publisher : Fakultas Syariah UIN Sulthan Thaha Saifuddin Jambi, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30631/alrisalah.v25i1.1754

Abstract

This study explores the formation and challenges of Village Regulations in three regions: Tabanan, Badung, and Denpasar. It addresses two core objectives: identifying the dynamics of village-level legislation and examining the application of legal hermeneutics in interpreting such regulations. The research combines normative and empirical legal methods, employing a qualitative descriptive analysis through the Statute, Conceptual, and Analytical approaches. The findings reveal persistent issues in the drafting process, particularly inconsistencies with the Ministry of Home Affairs Regulation No. 111 of 2014. These challenges stem from both technical and interpretive shortcomings. The study further emphasizes the importance of hermeneutical interpretation in maintaining normative consistency and avoiding conflicting legal provisions. Additionally, a comparative perspective is offered through an analysis of village governance in Timor-Leste, where village regulations are governed under Law No. 9 of 2016. This research contributes to the discourse on institutional reform and democratic resilience at the village level, highlighting the need for clearer legal frameworks and interpretive consistency in local governance.
Legal Dynamics of Age Limits for Presidential and Vice Presidential Candidates Based on Article 169 Letter Q of Law Number 7 of 2017 Concerning General Elections Otni Magho, Alpian; Yusa, I Gede; Astariyani, Ni Luh Gede
West Science Interdisciplinary Studies Vol. 2 No. 12 (2024): West Science Interdisciplinary Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsis.v2i12.1478

Abstract

Justice, non-discrimination, equality before the law are important values of the constitution. This study seeks to examine the constitutional rights of the younger generation that were cut by the framers of the law through the age requirement in the electoral law for presidential and vice presidential candidates. The research method used is a normative legal research method with qualitative methods. The age requirement no longer needs to be regulated in the Election Law because it is not in line and is not expressly regulated by the 1945 Constitution. If it is still regulated, the age requirement used must be 18 years, in accordance with the adult size applicable in Indonesia, as a consequence providing opportunities for the younger generation to participate in politics and government, and realize a more inclusive democracy. Factors influencing the setting of age requirements for presidential and vice presidential candidates are the history of national leadership, maintaining the status quo, and senior-junior practices. Therefore, Article 169 letter Q of the Election Law must be revised/deleted.
The Legal Study of Materiil Testing Rights Supreme Court in Indonesia Ni Luh Gede Astariyani
Focus Journal : Law Review Vol 2 No 2 (2022): Focus Journal Law Review Vol. 2 No. 2
Publisher : Universitas Bali Dwipa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62795/fjl.v2i2.31

Abstract

The authority of the Supreme Court to examine statutory regulations under the law or in this case referred to as judicial review is a mandate of the 1945 Constitution. Article 24A paragraph (1) of the 1945 Constitution which is the result of the Third Amendment states, "The Court The Supreme Court has the authority to judge at the level of cassation, examine the legislation under the law against the law, has other powers granted by law. From these provisions it is clear that the 1945 Constitution provides 3 (three) categories of authority to the Supreme Court, namely (1) adjudicating at the level of cassation, (2) examining statutory regulations under the law against the law, and (3) other powers granted by law. Specifically for the third provision, the 1945 Constitution stipulates that the authority of the Supreme Court is open, which means that it is possible to increase the authority of the Supreme Court as long as it puts the regulation of the additional authority into or by law. The examination is carried out on a statutory provision against a higher statutory regulation or against the constitution as the highest law. That is, judicial review works on the basis of legal norms or statutory regulations that are hierarchically structured. Without this hierarchy, it is impossible to conduct a judicial review. At this time in Indonesia the hierarchy of laws and regulations is regulated in Article 7 of Law no. 12 of 2011 concerning the Establishment of Legislation.
Co-Authors Aditya Saputra Aldo Rico Geraldi Amaral, Armindo Moniz ANAK AGUNG SRI UTARI Armindo Moniz Amaral Ayu Putri Miranda Puri Ayu Putu Laksmi Danyanthi Carel Jonathan Adisetya Cyntia Herdiani Syahputri da Cruz, Rosino Dewa Putu Wahyu Jati Pradnyana Diah W.P.D. Dien Zaelani Fatema . Fifiana Wisnaeni Firda Adilla Aulia Putri G Marhaendra WA Gede Narendra Ariesta Putra Gunawan, Made Gerry Hanatasia Angelina Sunarto Hanum , Willy Naresta Hassya Aulianisa H. S Hattori, Mariko Hermanto, Bagus Hilyatul Azizah I Dewa Gede Palguna I Gede Yusa I Gust i Ngurah Wairocana I Gusti Agung Mas Prabandari I Gusti Ayu Dewi Suwantari I Gusti Ngurah Gede Teguh Yudha Wiryawan I Kadek Parma Astawa I Ketut Ksama Putra I Ketut Sardiana I Ketut Sudiarta I Made Adhika I Made Aditya Kusumanata I Made Ary Candra Wirawan I Made Gemet Dananjaya Suta I Made Oka Pariawan I MADE SUBAWA I Made Wiby Satriabawa I Nyoman Bagiastra I Nyoman Prabu Buana Rumiartha I Nyoman Prabu Buana Rumiartha I Nyoman Prabu Buana Rumiartha, I Nyoman Prabu Buana I Nyoman Sumardika I Putu Bagus Indra Prananda Nugraha I Putu Hendra Adhi Septyawan I Putu Indra Prasetya Wiguna I Putu Wijaya I WAYAN BUDIASA I Wayan Dody Putra Wardana Ida Ayu Agung Rasmi Wulan Ida Ayu Made Rizky Dewinta Ida Ayu Putu Sri Astiti Padmawati Istadevi Utami Rahardika Kadek Agus Sudiarawan Komang Calvin Krisna Dwipa M. Najib Made Hendra Wijaya Made Irawan Made Nurmawati Made Nurmawati Manubulu, Isakh Benyamin N.M.A. Yuliarthini G. N.P. Wiwien S. Ni Ketut Ardani Ni Ketut Arismayanti, Ni Ketut Ni Ketut Sri Rahayu Ni Ketut Supasti Dharmawan Ni Luh Gede Sri Suariyanti Laksmi Ni Made Ari Yuliarthini. G Ni Made Ari Yuliartini Griadhi Ni Made Devi Widayanti Ni Nengah Soniari Ni Nyoman Raswati Dewi Ni Putu Diah Chandra Paramita Ni Putu Noving Paramitha Pandy Ni Putu Noving Paramitha Pandy Ni Putu Pranasari Tanjung Ni Putu Wiwin Setyari Ni Wayan Siti NI WAYAN SUNITI Novita Permata Sari NYOMAN MAS ARYANI Otni Magho, Alpian Pande Made Adhistya Prameswari Pitriyantini, Putu Eka Prabandari, I Gusti Agung Mas Pradnyana, Putu Yudi Pratama, I Gede Andre Arda Putri Ari Safitri Putu Ayu Pramitha Purwanti Putu Mertayasa Sahadewa, Anak Agung Gde Ananta Wijaya Siti Rahmawati Sudiarta . Sumadi, I Putu Sudarma Suryana, Komang Genta Suta, I Made Gemet Dananjaya T. Diah W. P. D. Tahu, Maria Filiana Thomas John Kenevan Tjokorda Istri Diah Widyantari Pradnya Dewi Tuasikal, Ditha Fomora W. P. Windia Wayan Agus Singid Adnyana