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state-owned-enterprise

Waskita Karya sees net loss widen despite revenue increase in 2022
Companies 2 years ago

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Waskita Karya sees net loss widen despite revenue increase in 2022

Publicly listed PT Waskita Karya recorded an extra Rp 3 trillion (US$201 million) of revenue in 2022 compared with the previous year but its net loss swelled by a considerable margin for the full-year figure.
State-run developer ADHI to launch rights issue to fund strategic projects
Companies 3 years ago

State-run developer ADHI to launch rights issue to fund strategic projects

PT Adhi Karya (ADHI) is seeking to raise trillions of rupiah in a rights issuance scheduled for October to finance the state-owned firm’s infrastructure projects, including a toll road linking Yogyakarta to its nearby international airport.
Six SOEs combine to form staple food holding
Companies 4 years ago

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Six SOEs combine to form staple food holding

The deal comes one quarter later and three companies fewer than originally planned.
Govt to privatize SOEs with less than Rp50b revenue
Regulations 4 years ago

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Govt to privatize SOEs with less than Rp50b revenue

State-Owned Enterprises (SOE) Minister Erick Thohir said many SOEs did not run their business in an optimal way.
Controversy erupts over SOE roles for rectors
National 4 years ago

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Controversy erupts over SOE roles for rectors

Experts warn about potential conflict of interests that may threaten academic freedom in Indonesia
SOEs join telehealth race with new ‘super app’
Business 4 years ago

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SOEs join telehealth race with new ‘super app’

The public sector has joined the race for a slice of the telemedicine sector, which has been dominated so far by private start-ups like HaloDoc and Alodokter.
Rights issue aims to expand MSME loans, says BRI
Business 4 years ago

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Rights issue aims to expand MSME loans, says BRI

BRI is to expand its microfinance services in the MSME sector under a planned SOE holding company it is set to lead.
Construction SOEs set high targets for new contracts in 2021
Business 4 years ago

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Construction SOEs set high targets for new contracts in 2021

Crunched by contract and payment delays in 2020, revenue of construction companies in Indonesia is expected to rebound this year driven by state-funded infrastructure projects.
Fishery SOEs eye robust growth after planned merger this year
Business 4 years ago

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Fishery SOEs eye robust growth after planned merger this year

Indonesia's two leading state-owned fishery companies are expected to complement each other's business and achieve strong growth after a government-ordered merger.
Indonesia to form ‘world’s largest’ geothermal holding firm
Business 5 years ago

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Indonesia to form ‘world’s largest’ geothermal holding firm

The government appears set to steam ahead in developing the country's geothermal potential, with a plan to form a joint geothermal holding company by merging three SOEs.
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