April 1, 2021
PT SMI has the Opportunity to Establish Cooperation with INA. Monetization of SOE Assets can be Options

President Director of PT Sarana Multi Infrastruktur (Persero) or PT SMI Edwin Syahruzad said that the institution is different from the investment management institution, namely the Indonesia Investment Authority (INA). Although both of them are in contact with infrastructure projects, PT SMI is actually focused on financing. Even though the principle is different, Edwin emphasized that it is possible for SMI to cooperate with INA. At least, the two of… Read More  
March 19, 2021
SMI prepares nearly IDR 1 trillion to pay off two maturing debts

PT Sarana Multi Infrastruktur (Persero) or SMI, an infrastructure financing company owned by the Indonesian Government, has stated its ability to pay two debt securities due in July 2021. The two bonds are in the form of Shelf Registration Sukuk Mudharabah I Phase I 2018 Series A. This 3-year tenor sukuk has a principal amount of IDR 680 billion. Meanwhile, the other debt securities are the Shelf Registration Green Bond… Read More  
September 9, 2020
The Government of Indonesia and the World Bank Signed Cooperation on GREM Project

Jakarta, 03/09/2020 - On August 28, 2020, the Government of the Republic of Indonesia and the World Bank signed financing agreement for the GREM (Geothermal Resource Risk Mitigation Facility) project. The Government of the Republic of Indonesia was represented by the Director General of Financing and Risk Management of the Ministry of Finance, Luky Alfirman, while the World Bank was represented by the Country Director for Indonesia and Timor Leste,… Read More  
July 28, 2020
These are the Regional Criteria that Can Apply for Loans from the Central Government

Minister of Finance Sri Mulyani Indrawati revealed various regional criteria that wanted to apply for an economic recovery loan through PT Sarana Multi Infrastruktur (SMI). According to him, the criterion that must be met is that the economy is affected by Covid-19 and the region already has projects that are ready to be executed or realized. DKI Jakarta and West Java, for example, according to Sri Mulyani, both provinces received… Read More  
July 28, 2020
SMI Predicts the Indonesia’s Economy to be Minus 1.13% to 0.82% in 2020

PT Sarana Multi Infrastruktur (Persero) predicts Indonesia's economic growth in 2020 will contract between minus 1.13 percent to minus 0.82 percent. The Indonesian economy is under pressure due to the covid-19 pandemic. "We at PT SMI project a pessimistic scenario of Indonesia's economic growth of minus 1.13 percent and an optimistic scenario of minus 0.82 percent," said Chief Economist PT SMI I Kadek Dian Sutrisna Artha in an economic update… Read More  
July 28, 2020
SMI Relaxes Local Government Loan Requirements for Economic Recovery

The central government provides loans to local governments in the context of national economic recovery. The distribution of loans through PT Sarana Multi Infrastruktur (Persero) is given to regions that are experiencing co-19 pandemic economic pressures. PT SMI President Director Edwin Syahruzad said that the main condition for the regions to get loans was the impact of the co-19 pandemic. Although almost all regions are affected, PT SMI hopes other… Read More  
July 28, 2020
PT SMI Provided a Loan of Rp 16.5 trillion for DKI Jakarta and West Java

JAKARTA - The government through PT Sarana Multi Infrastruktur (PT SMI) provides loans to several regions to restore economic conditions affected by the corona virus pandemic (Covid-19). Minister of Finance Sri Mulyani Indrawati, in the signing of the cooperation agreement between PT SMI with two regional governments, namely West Java and DKI Jakarta said, the two regions submitted loan proposals with a value of Rp 12.5 trillion each for DKI… Read More  
July 28, 2020
PT SMI’s Loan is Expected to Restore Economic Activity in the Region

PT Sarana Multi Infrastruktur (Persero) said that loans distributed by the central government to regional governments are expected to be able to restore economic activity in the regions. Moreover, many regions are experiencing economic pressure from the covid 19 pandemic. PT SMI's Financing & Investment Director Sylvi J Gani said the covid-19 pandemic forced the regions to reallocate and refocus the budget. This caused a number of projects to be… Read More  
July 24, 2020
Ministry of Finance Prepares Rp 10 Trillion to Give Loans to Regions Through PT SMI

The Ministry of Finance ("MoF") will relax the procedure for lending through PT Sarana Multi Infrastruktur (Persero) ("PT SMI") to the local government. The Director General of Fiscal Balance of the Ministry of Finance Astera Primanto Bhakti explained that PT SMI would later become an extension of the Directorate General of Fiscal Balance ("DJPK") as the channeling of loans to local governments. He said, the Ministry of Finance had prepared… Read More  
July 22, 2020
Guarding the National Economic Recovery, Here’s Airlangga’s Direction

A special task force (task force) team for national economic recovery and Corona management held an initial meeting at the Coordinating Ministry for Economic Affairs. After the meeting, Coordinating Minister for the Economy Airlangga Hartarto said the task force's task was among others to accelerate the handling of COVID-19 to create multiyear economic programs. "In the discussion of the first meeting, we also discussed matters related to the government budget,… Read More  
July 22, 2020
Sarana Multi Infrastruktur Records Rp1.5 Trillion Bonds

PT Sarana Multi Infrastruktur (Persero) will issue bonds worth Rp1.536 trillion, which are divided into three series on Wednesday (7/22/2020). In the disclosure of information, the Indonesia Stock Exchange (BEI) said it had agreed to register Obligasi Berkelanjutan II Sarana Multi Infrastruktur Phase IV Year 2020. "The Phase IV bonds amounted to Rp1.536 trillion and will be listed on July 22, 2020 on the Indonesia Stock Exchange," said the IDX,… Read More  
July 10, 2020
Restoring Economy due to Pandemic, West Java Provincial Government Borrows Rp1.4 Trillion to SMI

The West Java Provincial Government has decided to borrow Rp1.4 trillion from PT Sarana Multi Infrastruktur or SMI (Persero). This regional loan is one of the steps to restore the West Java economy affected by the Covid-19 pandemic. Governor Ridwan Kamil said, economic growth in West Java was supported by four sectors, namely exports, purchasing power, investment, and government spending. The Covid-19 pandemic turned the export, investment and purchasing power… Read More