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View all search resultsIndebted state-owned publicly-listed construction company PT Waskita Karya Tbk (WSKT) has caused jitters on the stock market after defaulting on Rp 941.75 billion (US$60.38 million) worth of bonds. The State-Owned Enterprises Ministry scrambled to save Waskita by forcing state banks to agree to the company’s 10-year restructuring plan, but private bondholders rebuffed the plan. Waskita’s fate is now uncertain.
The ESG principles are not a clear-cut solution to today's global challenges, and regulating their adoption presents both pros and cons, not least of which is whether the public has sufficient knowledge about them to make informed investment decisions.
Bank Indonesia issued its SRBI to deepen the money market and increase liquidity, but the problematic configuration of the monetary absorption instrument with existing instruments and various markets indicate that it will not perform as intended.
Speaking in front of a group of businesspeople gathered at the Ecosperity Week in Singapore, President Jokowi began his speech by welcoming the audience, before posing a mock question about which presidential candidate would win the 2024 presidential election.
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