Special Staff of the Minister of State-Owned Enterprises (SOEs), Arya Sinulingga, noted that the total government debt to the state-owned company has reached Rp 108.48 trillion. The debt comes from seven companies. He detailed the total government debt that must be paid to PT PLN (Persero) reached Rp 48.46 trillion. PT Pertamina Persero IDR 40 trillion, BUMN Karya IDR 12.16 …

Minister of State-Owned Enterprises (SOEs), Erick Thohir, said that in the future there would be no more SOEs to build universities. He invited SOEs to cooperate with existing universities. Because the university currently has many discoveries that are not contained. “Yesterday I said that there was no SOE that wanted to make a university, but we and the university did …

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 …

There is an alleged corruption on the government’s COVID-19 aid that was distributed to residents directly affected by the pandemic. The Depok City administration is reportedly investigating on this report, which the devious act is said to have been committed by a local community leader (RT). This corruption related to the social assistance (Bansos), according to Depok Mayor Mohammad Idris …

Amid pandemic of coronavirus or Covid-19, public needs to get the correct and updated information from the cases. The Communications and Information Ministry, in collaboration with the State-Owned Enterprises (SOEs) Ministry, has developed a mobile app that enables users to compile data related to the spread of the virus in their communities. By this app, also helps bolster the government’s …

Minister of State-owned enterprises (SOEs) Erick Thohir has confirmed that six SOEs listed on the Indonesian Stock Exchange will buy back their shares. This step is in efforts to shore up the domestic money market amid the coronavirus outbreak. “We are processing (proposals for) share buyback at the stock exchange. But, for the time being, I have only allowed six …

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 …