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state-owned-enterprise

Govt to sell Jiwasraya assets, including Jakarta mall, to pay back creditors
Business 6 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.
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".
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