Garuda and High-Cost Nationalism
Monday, 11 July 2022
The government is to inject Rp7.5 trillion of fresh funds into Garuda Indonesia. This has the risk of turning into a long-term burden.
THE state-owned enterprises (SOEs) ministry should not take a huge risk by injecting fresh capital into Garuda Indonesia, which is almost bankrupt. The government’s move is aimed at satisfying obscure pride in owning a national airline at the cost of business rationality.
The government is to inject fresh funds to the tune of Rp7.5 trillion into Garuda, which is facing severe financial pressure. This injection will come from the...
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