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View all search resultsSOEs
Economy 9 months ago
PREMIUM
Govt faces hurdles in bridging infrastructure funding gap
The government is banking on corporate participation to bridge Indonesia’s infrastructure funding gap, but experts warn that strained finances of state-owned construction firms and the current reluctance of private investors to commit to large-scale projects may hinder progress.
Companies 9 months ago
PREMIUM
Danantara to pare back SOEs in insurance, logistics sectors
The state asset fund, which also acts as the holding body for SOEs, plans to consolidate the logistics sector from 18 firms into a single major player and to merge 16 state-owned insurers into just three entities.
Opinion 9 months ago
PREMIUM
Analysis: Danantara’s test case in rescuing bleeding SOEs through cross-subsidy
Danantara has little choice but to rescue financially bleeding state-owned enterprises (SOEs) by channeling dividends from profitable SOEs, as government funds are no longer permitted for such purposes. The market has responded positively to the planned rescue of near-collapse SOEs, though some have warned Danantara of the potential risk of wasting valuable investment capital.
Companies 9 months ago
PREMIUM
Tension arises between Garuda and its pilots union over recruitment
The pilots union deemed the amount as unusual and criticized the move as inconsistent with a push from the government and the company for cost efficiency, urging management to conduct an evaluation to ensure the airline’s business sustainability.
Opinion 10 months ago
PREMIUM
Analysis: Military CEOs at SOEs raise cronyism concerns
Since taking office in October, President Prabowo Subianto has moved quickly to install key allies, many with military backgrounds, into top posts at state-owned enterprises (SOEs). Their appointments span a wide range of sectors from aviation and logistics to mining, prompting concerns over growing cronyism and the erosion of meritocratic principles in corporate governance of SOEs.
Companies 10 months ago
PREMIUM
Agrinas to manage nearly half a million hectares of food estate
The land would be developed by the Agriculture Ministry, with 200,000 hectares situated in Wanam, South Papua, while the remaining 225,000 hectares spread across South Kalimantan, Central Kalimantan, West Kalimantan and South Sumatra.
Companies 10 months ago
PREMIUM
Danantara halts SOE corporate actions pending audit
The President has ordered a halt to all major corporate actions, including mergers and acquisitions, divestments and investments as well as spin-offs, until the Danantara board has reviewed such projects and the performance of SOE executives.
