Rekayasa Industri’s portion in the consortium of TPPI’s olefin refinery megaproject is reportedly being eroded. The company’s poor financial performance report is to blame.

Pertamina finally selected winners of the bid for the TPPI olefin refinery megaproject after months of uncertainty. It leaves behind embers of a dispute between the boards of commissioners and the directors over alleged irregularities in the project planning.

The state-owned enterprises ministry intends to merge PLN and Pertamina Geothermal Energy’s geothermal power plant assets. The plan is to expand first before making an IPO at the stock exchange.

A  state holding company for coal-fired power plants is being prepared. The move is part of the effort to generate revenue amid the plan to retire coal-fired power plants.

A Tempo special interview with State-Owned Enterprises Minister Erick Thohir regarding the flack surrounding paid vaccination.

At last, SOEs Minister Erick Thohir intervened and tackled the medical oxygen and Covid medication shortages that plagued many hospitals. Erick mobilized several SOEs to help meet the needs of referral hospitals particularly in Java. He also instructed Indofarma and Kimia Farma to boost ivermectin production to fill the market with ample supplies. Although the BPOM has not approved the drug, Erick is pushing its use given the efficacy and minimal side effects proven in several countries. Amid the marked increase in Covid cases, Erick, who also leads Covid-19 Mitigation and Economic Recovery Working Committee makes frequent rounds of site inspection to check on oxygen and Covid drug supplies, all the while continuing with measures to transform SOEs.