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Indosat Ooredoo Hutchinson has secured excellent financial performance, with double-digit growth in the first nine months of 2024, driven by the company’s focus on operational excellence. Indosat reported double-digit growth, exceeding the industry’s benchmark with a substantial increase in various key financial indicators. This achievement is expected to help Indonesia's telecommunications industry grow, reversing the declining trend seen throughout the year.
In the last 10 years, the Indonesian economy has been one of the best-performing economies in the world, with average annual economic growth of above 5 percent, controlled inflation and a positive fiscal deficit as a result of effective consolidation.
By the estimates of Finance Minister Sri Mulyani Indrawati in 2023, Indonesia needs at least Rp 4 quadrillion (US$250 billion) to meet its Nationally Determined Contribution (NDC) and achieve its greenhouse gas emission reduction targets by 2030.
Throughout 2023, PT Pertamina (Persero) contributed roughly Rp 425.5 trillion (US$25.9 billion) to state revenue. This contribution came from tax payments and dividends. As a state-owned enterprise (SOE), Pertamina is committed to driving the national economy, and complying with tax payments is one of its key practices.
