State constructors are participating in developing the national capital city in East Kalimantan. Six State-Owned Enterprises (SOEs) established a joint venture to support the project.
Eight public companies in Indonesia were listed in the Forbes Global 2000 this year. Most were state-owned enterprises and engaged in the banking sector.
The Attorney General's Office (AGO) has opened corruption cases in some state-owned enterprises since 2020. The total state losses incurred due to corruption reached Rp 61.9 trillion.
Shopee plans to lay off workers in Indonesia in line with the deteriorating performance of Sea Group, which is its parent company.
Despite the global oil price increase, the government did not raise fuel and electricity prices. As a result, PLN and Pertamina have to bear the subsidies.
Singapore-based e-commerce company Shopee has reoriented its business in several countries, leading to layoffs. However, this condition does not occur in Indonesia.
Members of the DPR highlighted Telkomsel's investment in PT GoTo Gojek Tokopedia Tbk (GoTo) even though several global and local giants had previously invested in Gojek and Tokopedia, the forerunners of GoTo.
There are many potential startups in Indonesia. However, Telkomsel chose to invest in GoTo since it aligns with the company's long-term strategy and has strong potential for synergies.
GoTo's share capitalization skyrocketed to become one of the largest on the Indonesia Stock Exchange.
Several technology startups are expanding by investing in the banking sector.