
Hasan Mustapa
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Papers by Hasan Mustapa
An investment shall made after an independent economy. Or at least one first step towards economic independence to meet people's prosperity. If not, then only false economic progress and fragile financial security will fill the foundations of a country's financial security
Susilo Bambang Yudhoyono and continued by Joko Widodo, is controversial. Initially, the feasibility study of the project involved the Ministry of National Development Planning Republic of Indonesia / National Development Planning Agency (Bappenas), the Technology Assessment and Application Board (BPPT), the Ministry of Transportation and the Japan International Corporation Agency
(JICA). When completed and auctioned, Japan is offering a project loan with a 40-year interest rate of only 0.1 per cent per year and a grace period of 10 years. China offers its best proposal and provides an investment of US$ 5.5 billion over a 50-year period and an interest rate of 2% per year. China has come out victorious. The project was finally developed by PT Kereta Api Indonesia Cina (KCIC), a consortium of Indonesian state-owned enterprises and the China Railways Consortium with a business-to-business scheme. Several issues arise, in particular as to whether the sovereignty of the country is under threat? This book seeks to explore this issue from the point of view of state law independence.