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SOEs

When costs crush performance: Danantara’s test for SOEs
Academia 3 weeks ago

PREMIUM
When costs crush performance: Danantara’s test for SOEs

In many SOEs, leakages persist because decisions live in gray zones: exceptions become routine, documentation becomes negotiable and accountability becomes diffuse.
Indonesia does not need more SOEs, but better rules
Academia 1 month ago

PREMIUM
Indonesia does not need more SOEs, but better rules

SOEs are often defended rhetorically as a counterweight to large, ethnic-Chinese-owned conglomerates, the “taipan”. 
Prabowo’s $6 billion rescue plan leaves textile industry puzzled
Regulations 1 month ago

PREMIUM
Prabowo’s $6 billion rescue plan leaves textile industry puzzled

A state-owned textile enterprise is to tackle industrywide problems, including rehiring tens of thousands of workers laid off after the Sritex bankruptcy.
Jakarta’s roads are rewriting the global infrastructure playbook
Academia 1 month ago

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Jakarta’s roads are rewriting the global infrastructure playbook

The Asian model of infrastructure financing and development blends both public and private players in a layered, nuanced and more flexible system.
Indonesian paradox: When business strategy becomes a crime
Academia 2 months ago

PREMIUM
Indonesian paradox: When business strategy becomes a crime

The jail sentence for former ASDP Ferry Indonesia CEO is a warning siren for anyone hoping Indonesia’s state-owned enterprises (BUMN) might someday behave like Singapore’s Temasek or France’s EDF.
Construction SOE merger to be concluded by December, govt says
Companies 3 months ago

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Construction SOE merger to be concluded by December, govt says

The plan to merge state-owned enterprises (SOEs) in the construction sector was first proposed in 2023 with the aim to strengthen the building companies’ stretched finances. 
Pertamina gears up to merge key business arms by year-end
Regulations 3 months ago

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Pertamina gears up to merge key business arms by year-end

The merger process involving PT Pertamina Patra Niaga, PT Kilang Pertamina Internasional and PT Pertamina International Shipping is expected to be concluded by Jan. 1.
Batam airport expansion in limbo after WIKA withdraws
Companies 3 months ago

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Batam airport expansion in limbo after WIKA withdraws

BP Batam says it is looking at consortium BIB to take over the Hang Nadim airport expansion project after original contractor WIKA withdrew, apparently due to ongoing financial troubles.
$12b boost to banks lifts corporate loans as SMEs lag
Companies 3 months ago

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$12b boost to banks lifts corporate loans as SMEs lag

Finance Minister Purbaya Yudhi Sadewa emphasized that state-owned banks should not use the funds to lend to conglomerates or purchase dollars.
Many titles, same few holders
Editorial 4 months ago

PREMIUM
Many titles, same few holders

If Prabowo wants a mission-driven government, or simply aims to consolidate political support, he should assign new names to new roles rather than overloading the same loyal lieutenants.
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