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Consolidation of SOEs Non-Core Assets (1)

Erick Thohir, minister of state-owned enterprises, was surprised to know how many non-core assets of state companies (hotels, hospitals, bottled water, etc). We’re not, and, apparently, his predecessor Rini Soemarno had actually started the consolidation. Rini started with consolidation of 77 hospitals owned by various SOEs to create the so-called PT Indonesia Healthcare Corporation (IHC) exactly three years ago.

Business

Consolidation of SOEs Non-Core Assets (1)

Erick Thohir, minister of state-owned enterprises, was surprised to know how many non-core assets of state companies (hotels, hospitals, bottled water, etc). We’re not, and, apparently, his predecessor Rini Soemarno had actually started the consolidation. Rini started with consolidation of 77 hospitals owned by various SOEs to create the so-called PT Indonesia Healthcare Corporation (IHC) exactly three years ago.

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Chinese Yuan Strengthens on Trade Deal Euphoria

The Chinese yuan rose 0.28 percent to 6,9611 per dollar in offshore market around 11:30 AM beijing time following news a phase one trade agreement has been reached with the US, suspending the new round of tariffs and reducing...

Asian Markets Jump on Trade Deal Optimism

Asian stock markets surged in Friday, following reports that said the US and China has moved closer to a trade deal and after early results showed UK Prime Minister Boris Johnson’s Conservative Party won majority in UK election....

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Rudiantara & The Power Players

Rudiantara, former minister of information and communications, will almost certain become the new president director of PT Perusahaan Listrik Negara (PLN), the largest company in Indonesia by total assets. This is another indication of President Joko ‘Jokowi’ Widodo’s stronger grip in major state companies.

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