{
    "success": true,
    "data": {
        "id": 1376404,
        "msgid": "bapepam-issues-new-rule-1447893297",
        "date": "1998-09-10 00:00:00",
        "title": "Bapepam issues new rule",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Bapepam issues new rule JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) issued a new ruling on Wednesday allowing publicly listed companies to carry over their foreign exchange losses arising from the rupiah's sharp depreciation against the U.S. dollar to the following years.",
        "content": "<p>Bapepam issues new rule<\/p>\n<p>JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam)<br>\nissued a new ruling on Wednesday allowing publicly listed<br>\ncompanies to carry over their foreign exchange losses arising<br>\nfrom the rupiah's sharp depreciation against the U.S. dollar to<br>\nthe following years.<\/p>\n<p>The agency said that listed firms would have to clearly state<br>\nthe amount of foreign exchange losses to be carried over and the<br>\namount of foreign exchange losses to be charged in the current<br>\nyear if they want to benefit from the tax incentive.<\/p>\n<p>The head of the agency's accounting division, Indarto, said<br>\nthat the new ruling would prevent Indonesia's cash-strapped<br>\ncompanies from posting negative equity on their balance sheets<br>\nand from being delisted from the local exchange.<\/p>\n<p>Last month, the agency issued several new rulings, including<br>\nregulations related to the revaluation of assets and the<br>\nsimplification of the limited public offering procedure to help<br>\nlisted firms improve their capital structure. (aly)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bapepam-issues-new-rule-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}