ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Indonesia's growth strategy: Inject cash into state companies

JAKARTA -- The Indonesian government plans to inject huge amounts of cash into state-owned enterprises in the hope that strengthening their financial foundations will help to accelerate infrastructure development.

Wijaya Karya is one of the contractors involved in building Jakarta's Mass Rapid Transit, the city's first subway system.

     Jakarta is looking to contribute, through a series of rights issues, 48 trillion rupiah ($3.78 billion) to 35 companies chosen from a broad range of industries.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more