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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...