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SOE-Minister

Whoosh burden bleeding finances, WIKA tells House
Companies 1 year ago

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Whoosh burden bleeding finances, WIKA tells House

House Commission VI has heard from WIKA's president director that the state-owned construction firm's ongoing financial problems have left it dependent on state capital injections to complete government projects.
High interest rates, bad loans seen to hurt SOE banks’ profits this year
Companies 1 year ago

PREMIUM
High interest rates, bad loans seen to hurt SOE banks’ profits this year

Letting state-owned lenders write off bad SME loans, a standard practice at private banks, could help the banks improve their net profits, an analyst says.
Govt to conclude Waskita, Hutama Karya consolidation in September
Companies 1 year ago

PREMIUM
Govt to conclude Waskita, Hutama Karya consolidation in September

The ministry has previously considered putting debt-laden Waskita Karya under Hutama Karya, which it deems to be in much better financial condition.
Govt appoints Hutama Karya to build 50 km Trans-Papua section
Companies 1 year ago

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Govt appoints Hutama Karya to build 50 km Trans-Papua section

Hutama Karya has been tasked with building a 50 km road section connecting Mamberamo and Elelim in the Papua Highlands, which it said would be funded through a public-private partnership scheme.
Candidates lack plans for saving ailing SOEs: Analysts
Regulations 2 years ago

PREMIUM
Candidates lack plans for saving ailing SOEs: Analysts

The policy proposals of all presidential candidates are similar to those of President Joko “Jokowi” Widodo, with no clear strategy for solving financial problems at infrastructure SOEs, experts say.
Former SOEs minister questions PLN on monopoly and efficiency focus
Companies 2 years ago

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Former SOEs minister questions PLN on monopoly and efficiency focus

Former SOE minister Tanri Abeng, asked, “So, what is the culture of PLN?”
Erick Thohir appointed ad interim coordinating minister in place of ailing Luhut
Politics 2 years ago

PREMIUM
Erick Thohir appointed ad interim coordinating minister in place of ailing Luhut

SOEs minister Erick Thohir will assume Luhut's position in the cabinet as the ad interim coordinating maritime affairs and investment minister from Oct. 11 until further notice.
Govt mulls further Rp 4t injection for debt-laden Wijaya Karya in 2025
Companies 2 years ago

PREMIUM
Govt mulls further Rp 4t injection for debt-laden Wijaya Karya in 2025

State-owned construction firm PT Wijaya Karya (WIKA) is set to recieve Rp 6 trillion in next year's budget, and the government plans to add another Rp 4 trillion in 2025.
Govt shuts down Suralaya power plant in bid to reduce air pollution
Jakarta 2 years ago

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Govt shuts down Suralaya power plant in bid to reduce air pollution

The Suralaya power plant in Cilegon, Banten, is one of the largest coal-fired power plants in Southeast Asia with a total installed capacity of 3,400 megawatts and 35,000 tonnes of estimated daily coal consumption.
Don't rush Greater Jakarta LRT, Jokowi says after unexpected snags
Companies 2 years ago

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Don't rush Greater Jakarta LRT, Jokowi says after unexpected snags

President Joko "Jokowi" Widodo asked his aides not to rush the LRT project following problems that were revealed by the deputy SOEs minister a few days prior.  
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