Asia

Pelindo to get government funds

Jakarta: Indonesia’s central government has announced plans yesterday to inject around $4bn into state-linked companies including the infrastructure sector as the government moves to slash fuel subsidies will give it more fiscal flexibility, said Indonesian president Widodo.

According to Widodo, the funds will be allocated to state companies such as port operator PT Pelabuhan Indonesia (Pelindo), construction firm PT Wijaya Karya Tbk, railway operator PT Kereta Api Indonesia and airport operator PT Angkasa Pura.

"After we redirect the fuel subsidies, there's a lot of room in our budget," Widodo said. [13/01/15]

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