PKPS

AcronymDefinition
PKPSProgram Kompensasi Pengurangan Subsidi (Indonesian: Subsidy Reduction Compensation Program)
PKPSPerbadanan Kemajuan Pertanian Selangor (Malaysian trading company)
PKPSPenyelesaian Kewajiban Pemegang Saham (Indonesian: Shareholders Resolutions)
References in periodicals archive ?
During the 7 March cabinet meeting, the President stressed that the PKPS had to be carried out in consistence with the agreement that had been made with each of the conglomerate business groups.
The PKPS came about mainly as a result of the use by banks of bridging funds provided by Bank Indonesia and referred to as BLBI (short for Bantuan Liquiditas Bank Indonesia or Bank Indonesia's Liquidity Assistance).
Through the PKPS, the former shareholders in these problem banks were asked to provide BPPN with collateral in the form of commercial or financial assets for the obligations of their banks.
Meanwhile, the shareholders who are obliged to carry out the PKPS, and have failed to do so, are suspected to be in possession of cash large enough to buy back the assets which they have handed over to BPPN.
22 banks already signed PKPS agreement and debt acknowledgement document (APU).