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Business 5 years ago
State injects Rp 881 billion into airport operator Angkasa Pura II
The government transferred various properties to the company, including a runway worth Rp 528 billion that was constructed by the Transportation Ministry’s airport directorate working unit at Medan’s Kualanamu International Airport in North Sumatra and a parallel runway worth Rp 10 billion built by the directorate at Pontianak’s Supadio Airport in West Kalimantan.
Business 5 years ago
PLN to receive Rp 9.6t from state coffers to build power infrastructure
State-owned electricity giant PLN is slated to receive Rp 9.6 trillion (US$695 million) in state capital injections (PMN) from the government this year to develop power infrastructure in Indonesia and increase the country’s electrification ratio.
Business 5 years ago
House approves Rp 8.5t in convertible bond for ailing Garuda
The House of Representatives has given the green light for the government to provide Rp 8.5 trillion (US$583 million) for pandemic-hit national flag carrier Garuda Indonesia, in the form of a mandatory convertible bond (MCB).
Business 6 years ago
SOEs in agriculture, various industries on brink of bankruptcy: Sri Mulyani
A number of SOEs, some of which have received state capital injections (PMN), are considered "distressed" based on the Altman Z-score, a formula used to predict the likelihood of a business going bankrupt.
Business 9 years ago
Energy, mining, financial services holdings to be formed first: SOE minister
With the government set to no longer provide state-capital injections in 2017, state-owned enterprises are going to build holdings to develop the country’s economy, State-Owned Enterprises Minister Rini Soemarno said on Thursday.
