Jakarta should ease SOE debt, say analysts

Two SOEs operating in the construction sector, PT Wijaya Karya and PT Waskita Karya, have announced postponed repayments on some of their obligations, prompting rating downgrades for those obligations by local credit rating agency Pefindo. — Jakarta Post

JAKARTA: Analysts say that the government should lower its expectations for state-owned enterprises (SOEs) becoming profitable if it insists on burdening them with tasks that lack commercial viability.

Furthermore, the government may need to disburse more funds to tide over SOEs mired in financial difficulties.