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Indonesian Govt Injects US$1.24B for Eight SOEs in 2020

JAKARTA (TheInsiderStories) - The government will provide additional capital of Rp17.7 trillion (US$1.24 billion) for eight state-owned enterprises (SOEs) in 2020. That figure is...

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...

Bank Mandiri to Raise US$247 M Bonds in Q3

JAKARTA (TheInsiderStories) - State controlled lender PT Bank Mandiri (IDX: BMRI) aimed to raise fresh funds by issuing bonds worth Rp3.5 trillion (approx. US$250 million)...

Kimia Farma Expands Business to Saudi Arabia

JAKARTA (TheInsiderStories) - State-owned pharmaceutical company PT Kimia Farma Tbk (IDX:KAEF) announced  that it has acquired Saudi Arabian company Dawaa Medical for 38.1 million riyals (US$10.15 million)...

Elevated Project Moratorium Pressures Private Contractors

JAKARTA (TheInsiderStories) – The Government's emergency decision to halt all elevated transportation projects across the country will certainly exert an impact on private contractors involved in...