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state-capital-injection

Garuda, Krakatau Steel receive state injections through MCB issuances
Business 5 years ago

PREMIUM
Garuda, Krakatau Steel receive state injections through MCB issuances

The MCB scheme channeled to both companies is part of the government’s Rp 695.2 trillion national economic recovery (PEN) program.
Three SOEs to get extra $600m injection as House grumbles over lack of communication
Business 5 years ago

PREMIUM
Three SOEs to get extra $600m injection as House grumbles over lack of communication

The government has increased its state capital injection budget for several state-owned enterprises as a measure to accelerate economic recovery, but lawmakers have criticized it for not discussion the hike beforehand.
Govt injects $1.5b to save Jiwasraya amid controversies
Business 5 years ago

PREMIUM
Govt injects $1.5b to save Jiwasraya amid controversies

State-owned insurance holding company PT Bahana Pembangunan Usaha Indonesia (BPUI) president director Robertus Biliteus said on Sunday the funds would be injected into BPUI in two tranches, in 2021 and 2022.
Government to accelerate state capital injections for SOEs
Business 5 years ago

Government to accelerate state capital injections for SOEs

The capital injections are part of the Rp 695.2 trillion in stimulus provided by the government to strengthen Indonesia’s healthcare system and cushion the pandemic’s economic impacts.
State injects Rp 881 billion into airport operator Angkasa Pura II
Business 5 years ago

State injects Rp 881 billion into airport operator Angkasa Pura II

The government transferred various properties to the company, including a runway worth Rp 528 billion that was constructed by the Transportation Ministry’s airport directorate working unit at Medan’s Kualanamu International Airport in North Sumatra and a parallel runway worth Rp 10 billion built by the directorate at Pontianak’s Supadio Airport in West Kalimantan.
House approves $10.32b stimulus for state companies
Business 5 years ago

House approves $10.32b stimulus for state companies

The funds, which are lower than the government’s initial projection of Rp 152 trillion, will be disbursed to 16 state-owned firms.
Experts demand transparency, supervision of SOEs recovery program
Business 5 years ago

Experts demand transparency, supervision of SOEs recovery program

The government has allocated Rp 318.09 trillion (US$21.28 billion) for the national economic recovery program. Of this sum, more than Rp 152 trillion is allocated for SOEs.
Government issues regulation on economic recovery program, focuses on SOEs, MSMEs
Business 5 years ago

Government issues regulation on economic recovery program, focuses on SOEs, MSMEs

The state capital injections for SOEs aim to strengthen capital structure of the companies or their subsidiaries affected by the outbreak. 
Government redirects state capital injections as COVID-19 hits businesses
Business 5 years ago

Government redirects state capital injections as COVID-19 hits businesses

The government is altering the focus of capital injections for state-owned enterprises as the COVID-19 pandemic disrupts business activities and batters the country’s economy.
State capital injection last resort to rescue Jiwasraya: Government
Business 6 years ago

PREMIUM
State capital injection last resort to rescue Jiwasraya: Government

Minister Erick Thohir said the ministry would continue to promote a business-to-business solution to help improve the health of Jiwasraya so that it could pay its claims.  
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