Global Trade Alert
Global Trade Alert

Indonesia: Government provided a capital injection of IDR 2.9 trillion to PT Tuban Petrochemical Industries

Announcement

19 Sep 2019

In September 2019, Indonesia injected IDR 2.9 trillion (USD 205.5 million) in the form of state equity participation to PT Tuban Petrochemical Industries to improve the company's capital structure.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

23 Sep 2019

Revocation date:

No revocation date

Updated: 19 Sep 2019
Capital injection and equity stakes (including bailouts) In force

On 19 September 2019, Indonesia issued Government Regulation No. 66/2019, injecting IDR 2.9 trillion (USD 205.5 million) in the form of state equity participation to PT Tuban Petrochemica...

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