Cempaka Business and Economy: PGN facing fine of Rp 500m over disclosure breach

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Sunday, February 04, 2007

PGN facing fine of Rp 500m over disclosure breach

Andi Haswidi, The Jakarta Post, Jakarta

After two weeks of investigation, the Capital Market Supervisory Agency (Bapepam) has found state-owned gas company PT Perusahaan Gas Negara (PGN) guilty of violating disclosure regulations, and may fine it up to Rp 500 million (about US$55,000).

"PGN has violated the administrative procedures. The sanction for such violations is a fine. According to the regulations, an administrative sanction can amount to up to Rp 500 million," the head of the Bapepam legal department, Robinson Simbolon, said in Jakarta as quoted Friday by Detik.com.

The investigation into PGN started after its shares slumped by 23.3 percent from Rp 9,650 to Rp 7,400 on Jan. 12 following an admission by PGN that its South Sumatra-West Java (SSWJ) pipeline project would be delayed.

The admission not only knocked PGN's shares for six, but also affected the shares of other state-owned companies, which in turn precipitated a sharp drop in the Jakarta Stock Exchange (JSX) Composite Index.

The assumption that PGN officials had failed to report the delay to the public was apparently true, Robinson said, indicating that the Bapepam investigating committee had concluded that PGN management had been aware of the possible delay since Jan. 3.

According to capital market regulations, a public company has to report any occurrence that could affect the price of the company's shares to the capital market regulator no later than two days after it takes place.

Bapepam chairman A. Fuad Rahmany said in a press release received by The Jakarta Post on Feb. 1 that the conclusion had been reached after a review of the relevant documents and the interviewing of PGN directors, accountants and SSWJ project managers.

"We have gathered enough evidence to prove that PGN violated regulation number X.K.1 on public disclosure," Fuad said.

He also said that further probes were being carried out as the investigators had found prima facie evidence of other violations, besides the disclosure violation.

Previously, PGN director Sutikno denied that the company had violated the disclosure regulation.

"There was no time lag in reporting the information. We became aware of the possibility of a delay on Dec. 16, 2006. We needed to look into the details further before we could say that the project would definitely be delayed, and inform the public to this effect," he argued.

A PGN official said the firm had yet to receive a notification from Bapepam about the capital market watchdog's decision.

"As of today, we have yet to receive an official notification from Bapepam on the results of the investigation," PGN corporate secretary Widyatmoko Wapang said Friday as quoted by Antara.

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Sunday, February 04, 2007

PGN facing fine of Rp 500m over disclosure breach

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