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.
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.
Demand for workers among construction companies down in Q1 Society

Demand for workers among construction companies down in Q1

Only 23.6 percent of construction companies in Vietnam had a greater demand for workers in the first quarter of this year compared to the previous quarter, while 20.1 percent said they needed fewer workers, a survey by the General Statistics Office (GSO) found.
Equitisation vital for stock market growth Business

Equitisation vital for stock market growth

The successful equitisation and capital divestment of State-owned enterprises (SOEs) would create benefits that boosted the stock market and business performance, experts have said.
Indonesia to dissolve, merge underperforming SOEs World

Indonesia to dissolve, merge underperforming SOEs

The State-Owned Enterprises (SOEs) Ministry of Indonesia will close down or merge state-owned companies that have consistently failed to make profits, as part of the government’s SOEs restructuring plan, according to an official.