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SOEMinistry

Business 5 years ago

PREMIUM
State capital injection last resort to rescue Jiwasraya: Government

Minister Erick Thohir said the ministry would continue to promote a business-to-business solution to help improve the health of Jiwasraya so that it could pay its claims.

Business 6 years ago

PREMIUM
Indonesia to follow Russian model to establish sovereign wealth fund

Unlike sovereign wealth funds in developed countries, Indonesia’s version will raise the required funds from private investors instead of from the country’s reserve funds.

Business 6 years ago

Government to liquidate, merge underperforming SOEs

All underperforming SEO’s are currently under review, as the ministry looks to figure out which should be merged and which should be liquidated.

Business 6 years ago

Two directors lose jobs over investment losses at state-owned insurer Asabri

State-Owned Enterprises Minister Erick Thohir has dismissed two directors of Asabri over alleged investment mismanagement at the social insurance firm.

Business 6 years ago

State-owned insurer Asabri faces corruption allegation after stocks plunge

The state social insurer reportedly lost Rp 10 trillion from its investment in "low quality" stocks.

Business 6 years ago

Former Mandiri boss, ex-KPK deputy chief named new PLN top brass

Prominent banker Zulkifli Zaini and former antigraft body deputy chairman Amien Sunaryadi have been tapped as PLN president director and president commissioner, respectively.

Business 6 years ago

SOE Ministry obtains report on possible embezzling of CSR funds at Garuda Indonesia

A report accuses the national flag carrier of misusing its CSR funds by transferring them to the Garuda Indonesia Cabin Crew Union (IKAGI).

Business 6 years ago

Former KPK deputy chief Chandra Hamzah summoned by SOEs Ministry

"A lot [of issues] were discussed during the meeting. I was once president commissioner at PLN. I was asked about my experience there.“

Business 6 years ago

BRI appoints new president director in another SOE management shakeup

State lender PT Bank Rakyat Indonesia (BRI) shareholders have officially appointed Sunarso to lead the country’s most profitable bank as its new president director.