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10 Indonesian State Firms to Enter Stock Market until 2023

Indonesia’s State-Owned Minister Erick Thohir said that 10 state firms with high liquidity are expected to conduct initial public offerings through Indonesia Stock Exchange (IDX) until 2023.

“At least 10 state-owned enterprises will enter the stock market until 2023,” Erick said in his speech during a virtual event titled IDX-MES BUMN 17, on Thursday, April 29.

Besides, the minister also said that in the past 10 years, state-owned companies have contributed greatly to the country.

“Alhamdulillah (praise be to God), the contribution reached about 3,820 trillion rupiahs ($264.4 billion), which was obtained from taxes, dividends, and non-tax revenue (PNBP). Have we become complacent? Of course not,” he added.

Source: https://money.kompas.com/read/2021/04/29/210000626/erick-thohir-sebut-10-bumn-bakal-go-public-hingga-2023.