Innovation a must for SOEs: experts Sci-Tech

Innovation a must for SOEs: experts

Innovation has become a pressing need for State-owned enterprises (SOEs) which have undergone drastic restructuring during the past decade but their operation efficiency remained lower than expected, according to experts
Indonesia to set up 5 billion USD sovereign wealth fund World

Indonesia to set up 5 billion USD sovereign wealth fund

The Indonesian government is preparing 75 trillion Rp (5.1 billion USD) for the nation’s sovereign wealth fund (SWF) to attract investment and support the economy as global heavyweights from the United States to the United Arab Emirates have expressed interest to join.
Hesitation slows down SOE equitisation Business

Hesitation slows down SOE equitisation

Despite numerous efforts of the Government in speeding up the equitisation of State-owned enterprises, some ministries, sectors, localities and economic groups have showed ineffective performance in the work, thus slowing down the progress of the scheme.
Indonesia to expand social aid, incentives for businesses World

Indonesia to expand social aid, incentives for businesses

The Indonesian Government is planning to expand its social aid programme and incentives for micro, small and medium enterprises (MSMEs) in an effort to boost consumer spending and revive the economy in the second half of this year.
Stock market celebrates 20th birthday Business

Stock market celebrates 20th birthday

A ceremony was held in HCM City on July 20 in the presence of Prime Minister Nguyen Xuan Phuc to mark the 20th anniversary of Vietnam’s stock market and the Ho Chi Minh Stock Exchange (HoSE).
Indonesian House of Representatives approves assistance funds to SOEs World

Indonesian House of Representatives approves assistance funds to SOEs

The Indonesian House of Representatives has approved the proposal for government assistance in the form of state capital participation (PMN), disbursement of government debt to State-Owned Enterprises (SOEs) and loan funds worth 151.15 trillion Rp (10.32 billion USD) for a number of SOEs.
Indonesia disburses 3.7 billion USD to support 12 SOEs World

Indonesia disburses 3.7 billion USD to support 12 SOEs

The Indonesian government has decided to spend 52.5 trillion Rp (about 3.7 billion USD) to help 12 state-owned enterprises (SOEs) resume their post-pandemic operations, towards reviving the national economy, said Finance Minister Sri Mulyani on June 3.
Indonesia rolls out 43-bln-USD stimulus for MSMEs, SOEs World

Indonesia rolls out 43-bln-USD stimulus for MSMEs, SOEs

The Indonesian government is rolling out a 641.17 trillion rupiah (43 billion USD) economic recovery stimulus, bigger than previous allocations, to soften the impact of COVID-19 on micro, small and medium enterprises (MSMEs), as well as state-owned enterprises (SOEs).
Indonesia announces economic recovery programme ASEAN

Indonesia announces economic recovery programme

The Indonesian Government on May 11 released a regulation on an economic recovery programme worth 318 trillion Rp (21.28 billion USD) which focuses on capital injections for State-owned enterprises and loan subsidies for small businesses, among others.