Global Trade Alert
Global Trade Alert

Indonesia: Provided capital injections of IDR 19.7 trillion to five SOEs in the context of the COVID-19 pandemic

Announcement

30 Dec 2020

In December 2020, the government of Indonesia provided capital injections of IDR 19.7 trillion (USD 1.39 billion) to five SOEs as part of the effort to implement the National Economic Recovery (PEN) program in the context of the COVID-19 pandemic. 

Source

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Number of interventions

5

5 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

30 Dec 2020

Revocation date:

No revocation date

Announced: 30 Dec 2020
Equity stake In force
On 30 December 2020, PT Sarana Multi Infrastruktur (SMI) provided a capital injection of IDR 4 trillion (USD 282.43 million) in the form of equity participation to PT Perkebunan Nusantara III (PTPN II...
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Announced: 30 Dec 2020
Equity stake In force
On 30 December 2020, PT Sarana Multi Infrastruktur (SMI) provided a capital injection of IDR 3 trillion (USD 211.82 million) in the form of equity participation to PT Krakatau Steel. The capital inj...
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Announced: 30 Dec 2020
Equity stake In force
On 30 December 2020, PT Sarana Multi Infrastruktur (SMI) provided a capital injection of IDR 700 billion (USD 49.42 million) in the form of equity participation to the National Housing Development Cor...
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Announced: 30 Dec 2020
Equity stake In force
On 30 December 2020, PT Sarana Multi Infrastruktur (SMI) provided a capital injection of IDR 3.5 trillion (USD 247.13 million) in the form of equity participation to PT Kereta Api Indonesia (KAI). T...
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Announced: 30 Dec 2020
Equity stake In force
On 30 December 2020, PT Sarana Multi Infrastruktur (SMI) provided a capital injection of IDR 8.5 trillion (USD 600.18 million) in the form of equity participation to PT Garuda Indonesia. The capital...
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