Easy cash ends for Indonesia state firms

From toll-road operator PT Jasa Marga to electricity producer PT Perusahaan Listrik Negara, these 118 companies

JAKARTA: Indonesia is shutting off the public funding tap for state-owned companies, pushing them to turn to the markets for capital.

From toll-road operator PT Jasa Marga to electricity producer PT Perusahaan Listrik Negara, these 118 companies – with combined sales of US$133bil – must embrace new sources of fundraising starting next year, State-Owned Enterprises Minister Rini Soemarno said.