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Indonesian state enterprises to raise more capital: minister

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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.

[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

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