Minister: SOEs’ Market Valuation Reaches USD 143-Billion
Speaking at a hearing with the House of Representatives’ Commission VI, which oversees State-Owned Enterprises (SOEs,) SOE Minister Erick Thohir announced on Thursday (14/09/23) that Indonesian SOEs are in overall robust financial health, with a combined market valuation surging to IDR 2,200-trillion (USD 143-billion) from last year’s IDR 1,700-trillion, according to reporting from Jakarta Globe.
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Pakuwon and Marriott to Develop Luxury Hotels in IKN
Tempo are reporting that PT Pakuwon Jati Tbk in cooperation with Marriott International is set to develop three luxury hotels; Westin, Four Points, and Tribute Portfolio in the new capital of Nusantara (IKN.) Pakuwon and Marriott International inked the agreement to develop the hotels in Jakarta on Wednesday (13/09/23.) The partnership is a follow-up to
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Bappenas Targets Lower Logistics Costs
Speaking at the “New Era of Logistics Costs for Golden Indonesia 2045″ event held in Jakarta on Thursday (14/09/23), Indonesia’s National Development Planning Minister and head of the National Development Planning Agency (Bappenas) Suharso Monoarfa said that Indonesia is targeting to lower logistics costs to nine percent of the national gross domestic product (GDP) by 2045,
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