State-owned electricity firm PLN has announced its intention to supply Micro, Small and Medium Enterprises (MSME) on 450-volt ampere (VA) contracts with six months of free electricity as part of the government’s latest expansion of social aid. According to PT PLN (Persero) president director Zulkifli Zaini, the company has started gathering data of around 500,000 pre-paid customers from small businesses …

As many 12 state-owned companies were asked to repurchase (buyback) shares of companies circulating in the public. This is in accordance with instructions from SOE Minister Erick Thohir following the drop in stock trading, which is reflected in the Composite Stock Price Index (CSPI). According to Erick Thohir through his Special Staff Arya Sinulingga explained, the stock index fell 6.58 …

CT Corps Chairman Chairul Tanjung talked about global and domestic economic conditions at the CNBC Indonesia Economic Outlook 2020. According to him, one thing to watch out for at home is the scandal and the Jiwasraya case. “Now we have a new virus in the country called Jiwasraya virus,” Chairul Tanjung, who is commonly called CT, said in his speech …

Minister of State-Owned Enterprises (BUMN), Erick Thohir said that as many as 130 high-ranking SOEs from a total of 140 SOEs did not submit business plans for the next five years. That means only 10 SOEs are carrying out the obligation. As mentioned by Erick in the banking sector there are PT Bank Mandiri (Persero) Tbk, PT Bank Rakyat Indonesia …

10 BUMN companies are currently dead weight or dying. Minister of State-Owned Enterprises (BUMN) Erick Thohir plans to close the red plate company. Erick revealed, 10 state-owned companies that were dying. Later, the state-owned company will be controlled with two options, namely closed (liquidation) or merged. However, Erick admitted that he still had to review the condition or performance of …