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state-assets

Business 4 years ago

PREMIUM
Govt to expand insurance of state properties

The Finance Ministry plans to expand insurance coverage on state properties to include infrastructure, labs, vehicles and dormitories, beyond just office buildings, schools and healthcare facilities.

Business 6 years ago

PREMIUM
Omnibus bill provides legal certainty on Indonesia’s sovereign wealth fund

Chapter 10 on central government investment and national strategic projects in the draft bill mandates the establishment of a “special authority” agency led by the finance minister, a vehicle that President Joko “Jokowi” Widodo has described as a sovereign wealth fund.

Business 6 years ago

PREMIUM
Government aims to certify all state lands by 2022

The state asset agency has budgeted Rp 9.72 trillion for this year, but has spent less than 50% of its public procurement budget for the last three years.