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state-owned-enterprise

Military pension fund Asabri ‘fine’ despite investment problems, minister says
Business 6 years ago

Military pension fund Asabri ‘fine’ despite investment problems, minister says

Asabri has been in the spotlight as its stock portfolio plunged by more than 95 percent last year.
Asabri says $728.9 million losses 'only temporary', claim payments unaffected
Business 6 years ago

Asabri says $728.9 million losses 'only temporary', claim payments unaffected

The insurer has prepared a mitigation plan to recover the decline in investment value. 
Telkomsel welcomes Setyanto Hantoro as new president director
Business 6 years ago

Telkomsel welcomes Setyanto Hantoro as new president director

Setyanto Hantoro was named Telkomsel's new boss during the company's extraordinary shareholders meeting on Monday.
State ferry operator enjoys spike in demand during holidays
Business 6 years ago

State ferry operator enjoys spike in demand during holidays

The use of ferries is expected to increase with destinations across Indonesia benefiting from improved land connectivity.
Samsung Indonesia VP owed Rp 8.2 billion by struggling state insurance firm Jiwasraya
Business 6 years ago

Samsung Indonesia VP owed Rp 8.2 billion by struggling state insurance firm Jiwasraya

Jiwasraya’s problems date back to late last year, when the company was forced to postpone the payment of mature policies that were marketed through various banks as bancassurance worth Rp 802 billion (US$54.14 million). The policies should have been paid in October 2018.
PP Presisi eyes 30 percent increase in new contracts next year
Business 6 years ago

PP Presisi eyes 30 percent increase in new contracts next year

This year, PP Presisi expects the value of new contracts to increase by 12 percent to Rp 5.8 trillion (US$414.28 million).
Ahok inaugurated as Pertamina commisioner, to 'advise board on strategic moves'
Business 6 years ago

Ahok inaugurated as Pertamina commisioner, to 'advise board on strategic moves'

Ahok himself said the position entailed “sitting on the board, as a citizen, to help oversee developments in [Pertamina’s] performance, field operations and teamwork".
Jokowi seeks to tighten grip on state enterprises
National 6 years ago

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Jokowi seeks to tighten grip on state enterprises

President Joko “Jokowi” Widodo seeks to tighten his grip on key state-owned enterprises (SOEs) by reshuffling their executives and ensuring that the new appointees are able and willing to support the development agenda for his second term in office.
Mandiri pumps $129m refinancing fund into Antam
Business 6 years ago

Mandiri pumps $129m refinancing fund into Antam

State lender Bank Mandiri announced on Wednesday that it had injected US$129 million into state-owned diversified mining company Aneka Tambang (Antam) to refinance the latter’s business loans.
PTPN III obtains US$390.6 million syndicated loan as working capital
Business 6 years ago

PTPN III obtains US$390.6 million syndicated loan as working capital

The loan is to be used as working capital for increasing production and developing its facilities, but the company is still Rp 6 trillion short of its Rp 15 trillion funding target for 2019. 
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