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state-owned-enterprise

Indigenous peoples injured in clash with state-owned plantation company in N. Sumatra

National 5 years ago

Indigenous peoples injured in clash with state-owned plantation company in N. Sumatra

Dozens of indigenous peoples of Kampung Durian Selamak, Langkat regency, North Sumatra were injured in a clash with security forces on Tuesday after attempting to block state-owned plantation company PT Perkebunan Nusantara II (PTPN II) from occupying their customary land.

State-owned INTI pays salaries in installments amid financial trouble

Business 5 years ago

State-owned INTI pays salaries in installments amid financial trouble

The state-owned telecommunication company PT Industri Telekomunikasi Indonesia Persero (INTI) is paying its workers’ salaries in installments on the grounds of financial constraints faced by the company.

State firm dividends rise as govt scrambles to rescue economy

Business 5 years ago

State firm dividends rise as govt scrambles to rescue economy

The government has collected more than Rp 40 trillion (US$2.82 billion) in dividends from five major state-owned enterprises (SOEs) alone this year, while concurrently throwing a lifeline to ailing SOEs in a bailout program worth more than Rp 150 trillion.

Pertamina to pay $601m in dividends to government

Business 5 years ago

Pertamina to pay $601m in dividends to government

The oil and gas giant fixed a payout ratio of 24 percent after a shareholders’ meeting on Thursday.

Presidential spokesperson appointed commissioner of SOE Waskita Karya

National 5 years ago

Presidential spokesperson appointed commissioner of SOE Waskita Karya

Fadjroel, a former human rights and prodemocracy activist, has been a staunch supporter of President Joko “Jokowi” Widodo, having volunteered for Jokowi’s first presidential campaign in 2014.

PLN profit nosedives 63 percent as costs soar

Business 5 years ago

PLN profit nosedives 63 percent as costs soar

The company’s operating costs rose slightly by 2.3 percent yoy to Rp 315.4 trillion in 2019, but tax expenses ballooned to Rp 21.8 trillion over the same time period.

Kimia Farma to cut investment, costs, but expects higher revenue amid COVID-19

Business 5 years ago

Kimia Farma to cut investment, costs, but expects higher revenue amid COVID-19

The pharmaceutical giant expects to see a 25 increase in revenue from the products and services it is providing in tackling the Indonesian outbreak.

Govt to sell Jiwasraya assets, including Jakarta mall, to pay back creditors

Business 5 years ago

Govt to sell Jiwasraya assets, including Jakarta mall, to pay back creditors

The State-Owned Enterprises (SEO) Ministry plans to sell State-owned insurer PT Asuransi Jiwasraya’s assets, including a shopping mall and a collection of mutual funds in an effort to pay clients’ claims.

Low oil prices push Pertamina's 2019 profit down 16% to $2.1b

Business 6 years ago

Low oil prices push Pertamina's 2019 profit down 16% to $2.1b

State-owned oil company Pertamina closed 2019 with a net profit of US$2.1 billion (Rp 28.8 trillion), down by 16 percent from $2.5 billion the previous year on the back of weakening commodity prices.

Wuhan coronavirus hits Hotel Indonesia Natour's business in Bali

Business 6 years ago

Wuhan coronavirus hits Hotel Indonesia Natour's business in Bali

State-owned hospitality company Hotel Indonesia Natour's three hotels in Bali experienced cancellations for 109 room reservations as of Thursday morning.

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