IMPACT OF REGIONAL OWNED ENTERPRISES TO ECONOMIC DEVELOPMENT - EMPIRICAL STUDY ON 2015 IN SOUTH SUMATERA PROVINCE

One of law-making's purpose is to give a good impact at all aspects on human life like economy aspect, social aspect until cultural aspect. One of law in Indonesia is labor and economic law. Labor's prosperity is related to economic rate in one country. Indonesia is adhere to regional autonomy and make a large portion to province or city on development issues. The Local Government has authority to make a business entity to increase the regional economic rate. Example from this business entitity is Regional-Owned Enterprises or in Indonesian known as Badan Usaha Milik Daerah (BUMD). In fact, BUMD can become a tools to reduce unemployment rate but recruitment scheme on BUMD based on Labor Market Flexibilty (LMF) is can't accommodate the unemployment from the native person in the regional. Empirical study was carried out on 2015 to research about impact of BUMD in South Sumatera Province and economic development rate on 2015. The author will presenting the main topic with data on diagram or table's type. The data has been validated by South Sumatera Government on Januari 2019 by Governor of South Sumatera Province.