SOEs open to private sector

Fri, October 6, 2017 / 06:19 am

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Complaints that state-owned enterprises (SOEs) dominate in a wide range of projects are commonly heard among business players nowadays. The so-called pervasive presence of these firms is especially true in the infrastructure sector, which may need Rp 4.7 quadrillion (US$347.8 billion) by the end of 2019.

However, speaking at an infrastructure forum on Thursday, State-Owned Enterprises Minister Rini Soemarno effectively rebuked such a concern, claiming that private firms found it hard to participate in infrastructure projects, including on Java, the country’s most developed island, because of the risks it entails. (Photo: JP/Wendra Ajistyatama)

Read full articles here:

SOEs open to private sector, ministry says

RI upbeat over infrastructure

(The Jakarta Post / Rachmadea Aisyah and Linda Yulisman)