#State-Owned Enterprises (SOEs)
PT PP to divest infrastructure subsidiaries in US$182 million deal to cut debt
State construction firm PT PP (PTPP) has announced plans to divest two of its infrastructure subsidiaries worth Rp3 trillion (US$182 million), aiming to streamline its business and reduce corporate debt.
SOEs’ profits predicted to decrease due to crack spread at Pertamina refinery
The Ministry of State-Owned Enterprises (SOEs) has etimated that profits of Indonesian SOE in 2024 will experience a slight decline due to the narrowing of crack spread at State energy company PT Pertamina’s oil refinery, which has an impact on decreased profitability of the energy sector.
Erick defends the appointment of an active military general as Bulog chief
Minister of State-owned Enterprise (SOEs) Erick Thohir has defended the appointment of Major General Novi Helmy Prasetya as President Director of the State Logistics Agency (Bulog).