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state-owned-enterprises

Business 4 years ago

PREMIUM
KPPU suspects violations as SOE executives hold multiple roles

The Business Competition Supervisory Commission (KPPU) found dozens of directors or commissioners at state-owned enterprises (SOE) held other positions in private companies in finance, insurance and mining industries.

Business 5 years ago

PREMIUM
Govt injects Rp 37t into state enterprises, agencies to boost recovery

The government has disbursed Rp 37.07 trillion (US$2.63 billion) into four state-owned enterprises (SOE) and two state agencies to help revive the virus-battered economy.

Business 5 years ago

More SMEs, SOE subsidiaries go public until 2022: Deloitte

The Indonesia Stock Exchange (IDX) has recorded a total of US$325 million raised from 46 IPOs this year as of November, with offerings dominated by small and medium-sized companies.

Business 5 years ago

State-owned builder Wika’s profit falls 96% amid dearth in new contracts

State-owned construction company PT Wijaya Karya (Wika) has seen its revenue and net profit nosedive during the first nine months of the year as new contracts plunged amid the pandemic-induced economic crisis.

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.

Business 5 years ago

Ministry to limit SOEs' expert staff numbers, salaries

The State-Owned Enterprise Ministry has found that several firms are employing dozens of expert staff members at a monthly wage of more than Rp 100 million (US$6,777).

Business 5 years ago

Bank Mandiri boss Royke Tumilaar appointed new BNI president director

Bank Mandiri’s former finance director, Silvano Rumantir, was also appointed as BNI’s corporate banking director.

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.