The Business Times
business-time-50

Indonesian state enterprises to raise more capital: minister

google-preferred-sourceAdd BT as a preferred source
Published Thu, Jan 29, 2015 · 06:02 AM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    [JAKARTA] Indonesia will encourage state enterprises to raise more capital through taking on more debt or doing rights issues, State Enterprises Minister Rini Soemarno told Reuters on Thursday.

    Export-oriented state firms such as palm oil producers can issue dollar-denominated debt in the global market, Soemarno said in an interview. Other funding options include a government injection and bank loans, she added.

    Soemarno also said the ministry was considering injecting around 500 billion rupiah (US$40 million) into struggling state airline PT Merpati Nusantara Airlines to help it resolve payroll issues ahead of potentially offering it to strategic investors.

    REUTERS

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    DBS filed the bankruptcy application after serving statutory demands to the directors of Autobahn Rent A Car in December 2025.

    Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More