Indonesia plans $2b injection into troubled state construction firms

Indonesia plans $2b injection into troubled state construction firms

A screenshot of President Joko Widodo in the streamed launch of G20 Pandemic Fund on Sunday (Nov 13, 2022)

Indonesia’s state-owned enterprises ministry plans to top up equity investments in two construction firms by 30.5 trillion rupiah ($2.05 billion) by 2024 to help ease companies’ financial troubles, an official said on Monday.