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Bank Mandiri to coordinate Rp 200t in direct investments for 21 SOEs

State-owned lender Bank Mandiri will coordinate direct investments worth Rp 200 trillion (US$13.10 billion) for 21 state-owned enterprise (SOE) projects expected to be approved during the Indonesia Investment Forum in Nusa Dua, Bali on Tuesday.

Winny Tang (The Jakarta Post)
Nusa Dua, Bali
Mon, October 8, 2018

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Bank Mandiri to coordinate Rp 200t in direct investments for 21 SOEs A worker is seen on the tracks of the Greater Jakarta light rapid transit (LRT) project in Cililitan, East Jakarta, in March. (JP/P.J.LEO)

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tate-owned lender Bank Mandiri will coordinate direct investments worth Rp 200 trillion (US$13.10 billion) for 21 state-owned enterprise (SOE) projects expected to be approved during the Indonesia Investment Forum in Nusa Dua, Bali on Tuesday.

“On the sidelines of […] the IMF-World [Annual Meetings], Bank Mandiri will help coordinate investments in the forum, which will be attended by hundreds of investors who will explore investment opportunities in Indonesia,” Mandiri corporate secretary Rohan Hafas said on Monday.

Rp 200 trillion investments is expected, 95 percent of which would be in the form of foreign direct investments, he said in a press statement. 

The 2018 Indonesia Investment Forum, this year themed, A New Paradigm in Infrastructure Financing, will feature speakers such as Coordinating Economic Minister Darmin Nasution, who will talk about Indonesia’s infrastructure financing development.

Bank Indonesia Governor Perry Warjiyo will explore financial deepening to support infrastructure development, while Financial Services Authority (OJK) chairman Wimboh Santoso is expected to talk about financial market stability to support development financing.

Two other speakers scheduled to address participants are Finance Minister Sri Mulyani, who will speak about continuous reform for a sustainable Indonesia, and State-Owned Enterprises Minister Rini Soemarno, who will delve into investing in SOE’s projects for sustainability.

Representatives from other organizations, such as the World Bank, Moody’s, Blackrock, state-owned toll operator Jasa Marga, Indonesia Infrastructure Finance (IFF), Bank Mandiri and the Acceleration of Priority Infrastructure Delivery (KPPIP), are scheduled to speak at panel discussions. (bbn)

 

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