TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsFour state-run firms prepare rights issues
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
State-Owned Enterprises Minister Rini Soemarno (Kompas.com/-)
F
our publicly listed state-owned enterprises (SOE) have announced rights issues to raise funds for expansion, including from state capital injections allocated in the revised 2016 state budget.
The companies – construction firms PT Pembangunan Perumahan (PT PP) and PT Wijaya Karya, steel maker PT Krakatau Steel and toll road operator PT Jasa Marga – are slated to receive a combined Rp 9 trillion in state capital injections (PMN).
Of the total funds, Wijaya Karya will get Rp 4 trillion, PT PP will get Rp 2.25 trillion, Krakatau Rp 1.5 trillion and Jasa Marga Rp 1.25 trillion.
"We already have the schedule" for the rights issue, SOE Minister Rini Soemarno said after attending a coordination meeting on the matter at the Coordinating Economic Minister's office in Jakarta on Tuesday.
The office’s deputy for restructuring and enterprise, Aloysius K. Ro, said the process was expected to be completed in this year's fourth quarter.
"We will maintain the government's share in the firms," he assured. (est)
