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Indonesian Government Injects Capital to PTPN 3 of US$425M

JAKARTA (TheInsiderStories) - The Indonesian government transferred the property assets with worth of Rp6 trillion (US$425.53 million) to plantation holding, PT Perkebunan Nusantara 3 (PTPN 3). The...

President Widodo Injects Funding US$532M for Hutama Karya

JAKARTA (TheInsiderStories) - The state-owned construction firm, PT Hutama Karya, received a capital injection worth of Rp7.5 trillion (US$531.91 million) from President Joko Widodo. This is...

Garuda Indonesia Raises Fresh Funding US$71 from SMI

JAKARTA (TheInsiderStories) - National flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA), has received worth of Rp1 trillion (US$70.92 million) from PT Sarana Multi Infrastruktur (SMI),...

Indonesia Financial Group to Releases Rupiah Bond US$709M

JAKARTA (TheInsiderStories) - Insurance and underwriting firm, Indonesia Financial Group (IFG), to releases the domestic bond worth of Rp10 trillion (US$709.22 million) to restructure PT Asuransi...

Indonesian Govt Pays ‘Debt’ US$6.46B to PLN and Pertamina

JAKARTA (TheInsiderStories) - Indonesian government paid its obligation to PT Perusahaan Listrik Negara (PLN) and Pertamina with total amoun Rp90.4 trillion (US$6.41 billion) as a compensation...

NPL Rises, Indonesia Eximbank Gets Capital Injection US$355M

JAKARTA (TheInsiderStories) - The country' export financing agency, Indonesia Eximbank get capital injections Rp5 trillion (US$354.91 million) to help the lender to overcome the non-performing...

Three State Firms to Receive Capital Injection US$608M

JAKARTA (TheInsiderStories) - Directorate general of state wealth at the finance ministry, announced an additional capital injection for three state firms with total amount Rp8.57 trillion (US$607.80...

Indonesia Will Inject US$143M for Bio Farma to Produces Vaccine

JAKARTA (TheInsiderStories) - Indonesian government will inject Rp2 trillion (US$142.83 million) to state-owned pharmacy company, PT Bio Farma to construct vaccine manufacturing and production facilities,...

Indonesia’s Krakatau Steel Releases MCB US$204M

JAKARTA (TheInsiderStories) - Indonesia' steel producer, PT Krakatau Steel Tbk (KRAS) plans to issue Mandatory Convertible Bond (MCB) with total amount Rp3 trillion (US$204.08 million), said...

Indonesian Govt Injects Jiwasraya US$1.48B, Forms IFG Life

JAKARTA (TheInsiderStories) - Indonesian government ready to inject fresh capital worth of Rp22 trillion (US$1.48 billion) to state-owned insurance firm, PT Asuransi Jiwasraya through its parent,...

Indonesian Gov’t Injects US$340M to PLN in 2021

JAKARTA (TheInsiderStories) - Indonesian government will inject fresh capital Rp5 trillion (US$340.14 million) to state-owned power producer, PT Perusahaan Listrik Negara (PLN) for the 2021 fiscal...

Indonesia’s Bank Banten Reverse Stocks to Get Capital Injection

JAKARTA (TheInsiderStories) - Regional lender, PT Bank Pembangunan Daerah Banten Tbk (IDX: BEKS), plans to to merge the nominal value of its share (reverse...

Indonesian Govt Cuts 2021’s Dividend Targets, Inject Eight SOEs

JAKARTA (TheInsiderStories) - The Indonesian government has lowered the dividend targets of State-Owned Enterprises (SOEs) from Rp65 trillion (US$4.48 billion) to Rp26.13 trillion in 2021...

Bank Banten Get Capital Injection US$103M from the Owner

JAKARTA (TheInsiderStories) - The Banten regional government finally injects fresh funds Rp1.5 trillion (US$103.45 million) in capital into PT Bank Pembangunan Daerah Banten Tbk...

Indonesia’s Waskita Karya Injects Capital US$83M to WTR

JAKARTA (TheInsiderStories) - Indonesian contruction firm, PT Waskita Karya Tbk (IDX: WSKT) plans to inject more capital to PT Waskita Toll Road (WTR) by...

The Government to Absorbs Garuda Indonesia’s MCB US$594M

JAKARTA (TheInsiderStories) - The government is proposing to absorb the mandatory convertible bond (MCB) of state-owned airlines firm, PT Garuda Indonesia Tbk (IDX: GIAA)...

Garuda Indonesia Proposes Global SUKUK Maturity Extension

JAKARTA (TheInsiderStories) - The national airlines, PT Garuda Indonesia Tbk (IDX: GIAA) has submitted a request to extend the payment of its Global SUKUK worth of...

Indonesia Releases Economic Recovery Program Regulation

JAKARTA (TheInsiderStories) - President Joko Widodo has signed a special rule  Government Regulation Number 23 of 2020 regarding Economic Recovery Program (ERP), which was just enacted...

Indonesia Prepares US$71.42M to Quell Current Account Deficit

JAKARTA (TheInsiderStories) - The government had allocated a state capital injection worth Rp1 trillion (US$71.42 million) in the state budget in a bid to...

OECD: Indonesia’s SOEs Debt Could Disrupt Cash Flows, Causing Fiscal Risks

JAKARTA (TheInsiderStories) - Indonesian state-owned enterprises (SOEs) which are involved in the government infrastructure and energy businesses could expose cash flow constraint and causing higher fiscal...

Indonesian Govt will Inject Capital Over US$1B to PLN, Hutama Karya

JAKARTA (TheInsiderStories) - Indonesia' parliament approved the government planned to inject capital for state-owned power producer PT Perusahaan Listrik Negara (PLN) and toll operator...