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View all search resultsThe fund’s immediate priority would be kickstarting 15 multibillion-dollar megaprojects without tapping external financing, according to the President, such as renewable energy, advanced manufacturing, downstream industries and food production.
The Prabowo Subianto administration and the House of Representatives are rushing the deliberation of a bill that will define the authority of Danantara, the country’s first state-owned enterprise (SOE) superholding company and an investment management agency, akin to Singapore’s Temasek.
The management of SOEs face two crucial issues, pursuing profit and avoiding losses, which may be considered a criminal act of corruption, regardless of whether losses in a particular field of business are unpredictable. #opinion
Concerns are mounting that the government’s plan to hold extraordinary general shareholders meetings at several state-owned enterprises (SOEs) might result in large management shake-ups that could in turn affect performance.
The establishment of a holding company for mining state-owned enterprises (SOEs) will potentially bulk up corporate assets worth Rp270 trillion (US$20.83 billion), skyrocketing from existing assets worth Rp65.6 trillion scattered among separated SOEs.
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