#BUMN
KAI Commuter to purchase 16 new trains from INKA in IDR4 trillion investment
PT Kereta Commuter Indonesia (KCI) or KAI Commuter has prepared an investment of IDR 4 trillion for the procurement of 16 new trains produced by PT Industri Kereta Api (Persero) or PT INKA. This procurement will be operational in 2025-2026, according to the KAI Commuter VP Corporate Secretary Erni Sylviane Purba on Wednesday, May 3, 2023.
SVB’s collapse: lessons learned for Indonesia’s banking industry
The collapse of Silicon Valley Bank, SVB, sent shockwaves through the financial system, reviving memories of the global crisis in 2008.
State-owned banks devise strategies in facing potential recession 2023
Indonesia’s state-owned banks BRI, Mandiri, BNI, and BTN have presented a number of mitigation strategies to face the potential recession in 2023 in the meeting of the DPR Commission VI on Tuesday (28/3).
Indonesia, Western Australia join forces to boost EV industry
The Western Australian Government Deputy Premier Roger Cook and the Indonesian Chamber of Commerce and Industry (Kadin) Chairman Arsjad Rasjid signed a Memorandum of Understanding (MoU) in Perth, Australia, on February 21, 2023.
Garuda Indonesia’s debt problem
In accordance with the specific nature of the establishment of Flight Navigation Service Organizing Agency (LPPNPI) - where income is only based on revenue from the cost of Aviation Navigation Services/PJNP (single revenue) - the availability of periodic cash inflows is very important for investment financing (rejuvenation and modernization of flight navigation aids), the accuracy of equipment performance navigation (calibration) and reliability of human resources (license and certification).
Pertamina restructuring implementation
Some of the benefits that can be achieved with the restructuring of Pertamina are simplification of the investment approval chain so that investment decisions can be accelerated while still paying attention to governance. Implementation of Restructuring simplifies investment decision-making from 9 to 2 steps where Holding, Sub Holding, and Subsidiaries are jointly involved from the beginning of the investment proposal.
One strategy to avoid the government's subsidy burden will be to raise fuel prices
The energy subsidy scheme, which is right on target for the community group, cannot be pushed through because the government's subsidy burden will continue to grow and burden state finances. The magnitude of community-subsidized fuel consumption may be caused by the current subsidy mechanism being open and applied to energy products. "This means that anyone can access the subsidized fuel without restriction," said Bank Permata Chief Economist Josua Pardede in a statement in Jakarta on Tuesday, August 30th.
SOEs' subsidiaries continued to be IPOed, privatized amidst controversy
Several Indonesian state-owned enterprises (SEO) will go public in the next few years, according to a senior official. These SEOs include Inalum Operating, a subsidiary of state-owned mining company MIND ID, PT Pertamina Bina Medika (Pertamedika IHC), Pertamina Geothermal Energy, and several subsidiaries of Indonesia's state-run telecommunications company PT Telkom.
Indonesia-Nigeria: A Man Behind The Strategic Collaboration
In order progressively to replace its Iranian crude suppliers – permanently in conflict with the U.S. – the Indonesian oil company Pertamina, decided to buy its crude from Nigerian National Petroleum Corporation (NNPC).
