This document discusses two types of business entities in Indonesia: Persero and Regionally Owned Enterprises (Perusahaan Daerah). Persero refers to State Limited Liability Companies that are majority owned by the government and overseen by the Ministry of State Enterprises. Regionally Owned Enterprises are companies owned and established by regional governments to improve local economies. The document outlines the key characteristics, advantages, disadvantages, and rules/regulations governing the establishment and operation of these two business entity types in Indonesia.