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Indonesia Government’s 281 Trillion Rupiah Move in State-Owned Banks: SAL Funds and 2026 Extension

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The Indonesian government has extended its placement of Rp281 trillion (approximately $17.6 billion) in state-owned banks until the end of 2026, according to official statements from the Ministry of Finance. The decision, announced through the Ministry of Finance, follows a previous deployment of funds to bolster liquidity and support financial intermediation, particularly for Bank Mandiri, … Read more

PLN Reshuffles Board of Directors: Darmawan Prasodjo Remains CEO, Yusuf Didi Setiarto Appointed Vice President Director

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PT PLN (Persero) has undergone a formal restructuring of its board of directors, appointing Yusuf Didi Setiarto as the new Deputy President Director of the state-owned electricity company. The leadership changes were confirmed during the Extraordinary General Meeting of Shareholders (RUPSLB) held in Jakarta, which finalized a new composition for the utility firm’s executive management … Read more

Danantara Appoints Luke Thomas Mahony as CEO of New Export SOE DSI

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JAKARTA — The Indonesian government’s recent move to establish PT Danantara Sumber Daya Indonesia (DSI), a state-owned enterprise (SOE) specifically tasked with managing natural resource exports, has drawn significant attention from industry stakeholders. As the nation seeks to refine its trade landscape, the appointment of Luke Thomas Mahony as the company’s president director has become … Read more

3 Former Indonesian Ministry of Public Works Officials Named Suspects in Rp 16 Billion Corruption Case

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The Jakarta High Prosecutor’s Office (Kejaksaan Tinggi DKI Jakarta) has formally escalated its investigation into allegations of corruption within the Ministry of Public Works, confirming the designation of three suspects in a case involving an estimated financial loss of Rp 16 billion. The legal proceedings, which center on alleged irregularities in project procurement and gratification, … Read more

Indonesia Accelerates SOE Restructuring: 15 Logistics Companies to Merge via Danantara

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Indonesia is embarking on a massive overhaul of its state-led supply chain infrastructure, announcing a plan to merge 15 state-owned logistics companies into a single, unified national entity. This strategic consolidation, revealed on Tuesday, April 7, 2026, represents a significant shift in how the Southeast Asian giant manages its internal trade and distribution networks. The … Read more