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State-owned-Enterprises-Ministry

PLN slashes capital expenditure by half this year
Business 5 years ago

PLN slashes capital expenditure by half this year

State-owned electricity company PLN has slashed its capital expenditure (capex) for this year by almost half to Rp 53.6 trillion (US$3.7 billion) from an initially earmarked Rp 100 trillion.
SOE Ministry slashes Pertamina’s board of directors to refocus business
Business 5 years ago

SOE Ministry slashes Pertamina’s board of directors to refocus business

The restructuring is aimed at refocusing the board’s role to focus on corporate management affairs such as finance and human capital, instead of operations.
Presidential spokesperson appointed commissioner of SOE Waskita Karya
National 5 years ago

Presidential spokesperson appointed commissioner of SOE Waskita Karya

Fadjroel, a former human rights and prodemocracy activist, has been a staunch supporter of President Joko “Jokowi” Widodo, having volunteered for Jokowi’s first presidential campaign in 2014.
SOEs in dark over fundraising despite government guarantees
Business 5 years ago

SOEs in dark over fundraising despite government guarantees

The state will grant investment guarantees to several state-owned companies, including Garuda Indonesia and Krakatau Steel.
National plantation holding PTPN III restructures leadership positions
Business 5 years ago

National plantation holding PTPN III restructures leadership positions

The holding, through a State-Owned Enterprises Ministry letter sent out on Tuesday, demoted all subsidiaries’ president directors to directors and demoted their directors to senior executive vice president.
Most SOEs have completed proposed 'new normal' protocols: Minister
Business 5 years ago

Most SOEs have completed proposed 'new normal' protocols: Minister

Eighty six percent of SOEs have compiled their post-restriction business recovery or "new normal" protocols.
State-owned enterprises scramble to repay debts in time
Business 5 years ago

State-owned enterprises scramble to repay debts in time

The government has issued a new regulation that will allow the state to issue debts to finance business rescue packages, including for SOEs.
Government drafts $1b rescue plan to save Garuda Indonesia
Business 5 years ago

Government drafts $1b rescue plan to save Garuda Indonesia

The rescue plan includes a proposal to restructure Garuda Indonesia’s $500 million sukuk due next month and arrange new bridge loans of as much as $500 million to meet working capital requirements.
SOEs minister names new head of railway company PT KAI
Business 5 years ago

SOEs minister names new head of railway company PT KAI

Didiek Hartyanto, previously PT KAI’s financial director, has been appointed the company’s new president director.
Nahdlatul Ulama launches online career center for members
Business 5 years ago

Nahdlatul Ulama launches online career center for members

The online platform was established through a collaboration between the organization’s professional association, NU Circle, and career center developer TopKarir Indonesia, and is designed to prepare NU’s youth members to enter the workforce.
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