Debt Problems Early Warning
Monday, 13 March 2023
It has been proven that tasking state-owned companies to work on infrastructure projects without proper business and financial consideration will always create serious problems.
SINCE the beginning of his term, President Joko Widodo has made it clear that infrastructure development would be his main agenda. Jokowi then relied on construction state-owned enterprises (SOEs) as the main executor to materialize his infrastructure dream. This group of corporations has a nickname: BUMN Karya (Karya SOEs).
It seemed to be an effective strategy. At least, those Karya SOEs always act promptly once the orders have come down the l...
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