#BUMN
Prabowo allows foreigners to lead state-owned enterprises to boost global standards
President Prabowo Subianto has announced a regulatory change that allows expatriates or foreign nationals to serve as leaders of Indonesia’s state-owned enterprises (SOEs).
Danantara’s waste-to-energy push sparks surge in waste management stocks
Indonesia’s waste-to-energy (WTE) initiative, championed by State investment management agency BPI Danantara and backed by Patriot Bonds funding, has ignited a rally in several waste management-related stocks on the local exchange.
Jakarta–Bandung high speed rail’s soaring debt risks becoming a “time bomb”
Indonesia’s flagship Jakarta–Bandung High-Speed Rail (KCJB) project − known as Whoosh − faces mounting financial pressure after cost overruns pushed total project debt to Rp116 trillion (US$7.2 billion), sparking concern among government and state-owned enterprise (SOE) officials.
Ex-Pertamina top official accused of enriching 13 firms in oil graft scandal
The Attorney General’s Office (AGO) has charged former CEO of PT Pertamina Patra Niaga, Riva Siahaan, for allegedly enriching 13 domestic companies through the sale of non-subsidized diesel fuel below cost, in a major corruption case involving the management of crude oil and refinery products at holding PT Pertamina between 2018 and 2023.
Palm oil tycoon Surya Darmadi offers Rp10 T asset donation to Danantara
Convicted businessman Surya Darmadi, owner of PT Duta Palma Group, has expressed his intention to donate palm oil plantations and factories worth Rp10 trillion (US$602 million) in West Kalimantan to the Indonesian sovereign investment authority (BPI Danantara).
Government to fast-track subsidy compensation payments to PLN, Pertamina
Energy and Mineral Resources (ESDM) Minister Bahlil Lahadalia met with Finance Minister Purbaya Yudhi Sadewa and State-Owned Enterprises Agency (BP BUMN) Head Donny Oskaria on Friday, October 13, 2025 to finalize the government’s subsidy compensation payments for electricity and fuel.
AGO questions SKK Migas chief over alleged graft in Pertamina oil management case
The Attorney General’s Office (AGO) has once again summoned Head of the Upstream Oil and Gas Regulatory Task Force (SKK Migas), Djoko Siswanto, as a witness in a corruption investigation related to crude oil and refinery product management at State energy company PT Pertamina, its sub-holdings, and several contractors (KKKS) during the 2018–2023 period.
Vivo cancels base fuel purchase from Pertamina over ethanol content concerns
PT Vivo Energy, operator of Vivo gas stations in Indonesia, has withdrawn from an agreement to purchase imported base fuel from state-owned energy company Pertamina, said Achmad Muchtasyar, Deputy Director of Pertamina Patra Niaga, during a hearing with Commission XII of the House of Representatives on Wednesday, January 10, 2025.
Patriot bonds draw major interest from Indonesian conglomerates
Dozens of Indonesia’s wealthiest business figures are reportedly showing interest in the Patriot Bonds issued by the state-owned investment agency BPI Danantara, with funds raised reaching Rp51.75 trillion (US$3.1 billion).
Prabowo slams SOEs mismanagement, puts faith in Danantara for jobs, growth
President Prabowo Subianto has renewed his commitment on the Indonesian people’s livelihood, citing that the establishment of the state investment management agency BPI Danantara’s will help create millions of jobs.
Danantara to partner with Bill Gates on health, education, clean water initiatives
CEO of the Investment Management Agency BPI Danantara, Rosan P. Roeslani, has announced that the agency will partner with Microsoft founder Bill Gates in key sectors of health, education, and water sanitation (WASH).
BTN disseminates mechanism for disbursement of Rp25T in government funds
PT Bank Tabungan Negara (BTN) has provided mechanism guidelines for accessing Rp25 trillion (US$1.5 billion) in government funds, which will be disbursed through a reimbursement system.