Deputy Minister of SOEs Confirms Pelita Air is Prepared to Replace Garuda, the reason?

TEMPO.CO, Jakarta – The Ministry of State-Owned Enterprises (BUMN) confirmed the plan to prepare PT Pelita Air Service (PAS) as the national scheduled airline to replace PT. Garuda Indonesia Tbk. (GIAA). “Right [Pelita Air dipersiapkan menjadi pengganti Garuda] because if recovery air passengers increase, will happen shortage seriously the number of aircraft in Indonesia. This […]

Golkar Politicians Propose Dissolution of the Ministry of SOEs

Jakarta, CNN Indonesia — Vice Chairman of Commission VII DPR from Faction Golkar, Maman Abdurrahman suggested that the Ministry of SOEs be disbanded. He assesses Ministry of SOEs causing the culture of professionalism to be lost to the point that SOEs never progress. “Therefore, in response to Mr. Jokowi’s speech, I encourage the Ministry of […]

Don’t Miss It, Next Week Will Flood Positive Sentiment, Check This!

Jakarta, CNBC Indonesia – Week In this case, the performance of the domestic financial market can be said to be quite satisfactory. However, investors and trader still need to pay attention to some sentiments that will lead the market direction next week. The Composite Stock Price Index (JCI) recorded an appreciation of 2.34% and managed […]

Erick Thohir Shows off BUMN Profits Soaring 356 Percent

Jakarta, CNN Indonesia — Minister of SOEs Erick Thohir said that the performance of all SOEs was much better in Semester I/2021 compared to Semester I/2020. This is shown by the increase in net profit in Semester I/2021 reaching 356 percent compared to Semester I/2020. Erick said that the overall financial performance of the portfolio […]

Jokowi’s Outburst of Annoyance at BUMN Breaks in Labuan Bajo

Jakarta, CNBC Indonesia – President Joko Widodo (Jokowi) gave several directions to SOE Minister Erick Thohir. One of the directives is not to pamper ailing SOEs with state capital participation (PMN). Jokowi said that since seven years ago, he had instructed to merge, consolidate and reorganize SOEs, which at that time were considered too many. […]

Apart from Banks, Jokowi Calls Indonesian SOEs Outdated!

Jakarta, CNBC Indonesia – President Joko Widodo (Jokowi) revealed that currently all business lines must begin to adapt to their business models and technology, especially in the midst of the current Covid-19 pandemic situation. This was conveyed by Jokowi when giving directions to the President Director of BUMN in West Manggarai Regency, which was broadcast […]

PMN injection hurts, it’s delicious

Jakarta, CNN Indonesia — President Joko Widodo alludes to a number of protection or security efforts against State-Owned Enterprises (BUMN) whose financial condition looks sick. He did not want the protection to be continuously given to state-owned companies. This was conveyed by Jokowi in front of a number of BUMN Managing Directors during a briefing […]

Arya Sinulingga Faisal Basri’s Response to KCIC’s Loss: Ridiculous

Jakarta, CNN Indonesia — Minister’s Special Staff BUMN Arya Sinulingga responds to Senior Economist’s criticism Faisal Basri that the PT . high-speed rail project Fast car Indonesia-China (KCIC) will not payback until the end of time or the apocalypse. He regretted Faisal’s statement which he thought was subjective and not based on studies. In fact, […]

Selling the Cibitung-Cilincing Toll Road, how much Waskita?

Jakarta, CNBC Indonesia – State-owned construction company, PT Waskita Karya Tbk (WSKT), through its subsidiary, PT Waskita Toll Road (WTR) disposed of all of its share ownership in PT Cibitung Tanjung Priok Tollways (PT CTP) as the Toll Road Business Entity (BUJT) the concession holder of the toll road Cibitung – Cilincing. WTR divested 55% […]