LinkAja to target over 80% revenue growth this year
03 Mar 2023 17:18
LinkAja, an e-wallet service provider owned by several state-owned enterprises, is targeting to attain over 80% revenue growth in 2023.
ADHI aims for 15% increase in new contracts
26 Jan 2023 13:32
PT Adhi Karya (Persero) Tbk (ADHI) aims to secure 10%-15% growth in its new contracts in 2023, compared to the realisation of new contracts of IDR 23.7 trillion in 2022.
PNM Venture Capital to issue IDR 200 billion of MTN
24 Jan 2023 11:04
PT Permodalan Nasional Madani Venture Capital (PNM Venture Capital) has issued medium term notes (MTN) with a principal value of IDR 200 billion.
BUMN Ministry to process 65% problematic companies
24 Jan 2023 06:45
The Ministry of State-Owned Enterprises (BUMN) will coordinate with the Attorney General’s Office and Indonesia’s Corruption Eradication Commission (KPK) to legally process at least 65% of pension fund managements in BUMN that are allegedly involved with corruption.
Pupuk Kaltim gears up for IPO, aiming IDR 7.8 trillion
06 Jan 2023 15:30
PT Pupuk Kalimantan Timur (Pupuk Kaltim) is said to conduct its initial public offering (IPO) to raise fresh funds of USD 500 million or approximately IDR 7.8 trillion.
Erick Thohir to round up BUMN to 30 companies
03 Jan 2023 13:05
The Minister of State-Owned Enterprises (BUMN), Erick Thohir, plans to narrow down state-owned enterprises to only 30 companies so that BUMN is not seen as an ivory tower.
KAI officially receives IDR 3.2 trillion for Jakarta Bandung Rapid Railway
02 Jan 2023 10:43
PT Kereta Api Indonesia (Persero) or KAI has secured a State Equity Participant (PMN) worth IDR 3.2 trillion for the Jakarta-Bandung High-speed Railway Project (KCJB).
