Global Trade Alert
Global Trade Alert

Indonesia: Government provided an IDR 12.8 trillion capital Injection to PT Garuda Indonesia Tbk

Announcement

31 Dec 2022

In December 2022, the government of Indonesia provided a capital injection of IDR 12.8 trillion (USD 823.23 million) to PT Garuda Indonesia Tbk in the form of state equity participation to restructure the company's capital and save the company from bankruptcy.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

31 Dec 2022

Revocation date:

No revocation date

Announced: 31 Dec 2022
Equity stake In force
On 31 December 2022, the government of Indonesia issued Government Regulation No.63/2022, providing a capital injection of IDR 12.8 trillion (USD 823.23 million) to PT Garuda Indonesia Tbk in the form...
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