Indonesian state firms yet to receive capital injections

May 21, 2015 10:34 AM

17 0

JAKARTA May 21 Indonesia's state-owned enterprises have yet to get billions of dollars in capital promised them by President Joko Widodo, because bureaucratic hurdles stand in the way.

In February, Widodo's government said it would pump almost 40 trillion rupiah ($3.04 billion) into state firms so they could leverage the funds to refurbish Indonesia's creaky ports, roads and power plants.

Also read: KKR buys smart meter financing firm Calvin Capital

Read more

To category page

Loading...