The Fun Of These 3 SOEs Get PMN From The Government In Semester I-2024

Rupiah (Photo: Antara)

JAKARTA - The government will inject State Equity Participation (PMN) into three State-Owned Enterprises (BUMN) in the first semester of 2024, amounting to IDR 28.16 trillion.

The Director General of State Assets of the Ministry of Finance Rionald Silaban said that this capital injection was given to PT Wijaya Karya Tbk (WIKA), PT Hutama Karya (HK), and PT Bahana Pembiaya Utama Indonesia (BPUI).

"For the first semester of 2024, for 3 SOEs, it is hoped that we can provide PMN, namely BPUI of Rp. 3.56 trillion, WIKA of around Rp. 6 trillion, and Hutama Karya of Rp. 18.6 trillion," Rio said in a press conference. APBN KITA, Wednesday, October 26.

Rio explained, specifically for WIKA PMN, it will still be provided in accordance with the ongoing restructuring procedures. In the archipelago, the BUMN is currently in a restructuring effort to restore financial conditions by carrying out eight methods.

On the other hand, eight methods include Financial Restructuring, Improvement of Risk Management and Management, Acceleration of Receivable Liquidation, Asset Recycling according to business models, and Refocusing Portfolio Orderbook.

Furthermore, Operating Expense Efficiency, Supply Chain Financing balance Reduction, and Strengthening Capital Structure.

Meanwhile, PMN's capital injection for HK is IDR 18.6 trillion to complete toll road infrastructure. Namely the Trans Sumatra toll road project, the Bogor-Ciawi-Sukabumi toll road project and the Kayu Agung Palembang-Betung toll road.

For Wijaya Karya or WIKA, PMN will be given IDR 6 trillion to strengthen the capital structure in the PSN project being carried out by the company.

Furthermore, PMN will be given to PT BPUI in the amount of Rp3.56 trillion to strengthen the capital capacity ifg live or in other words the transfer of policies that have been directed from PT Asuransi Jiwasraya.