news     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  
news     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  
news     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  
news     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  
news     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  
news     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  
news     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  
news     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  
news     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  
news     June 25, 2020
Two State-Owned Enterprises (SOEs) Gather US$ 2 Billion Funds

Two State-Owned Enterprises (SOEs) are eyeing funds from abroad of up to US$ 2 billion. Specifically, PT Perusahaan Listrik Negara (PLN) is aiming for US$ 1.5 billion from global bond offerings, while PT Sarana Multi Infrastruktur (SMI) is exploring syndicated loans of up to US$ 500 million. Director of Sarana Multi Infrastruktur, Mohammad Ghozie Indra Dalel, said that his party has demonstrated the mandated lead arrangers and bookrunners (MLAB) to… Read more  
news     June 12, 2020
The Minister of Home Affairs and the Minister of Finance Approved the Provincial Government Loan Proposal at PT SMI

The process of lending the Southeast Sulawesi Provincial Government to PT Sarana Multi Infrastruktur (SMI) will soon be completed. The Minister of Home Affairs (Mendagri), Tito Karnavian and the Minister of Finance (Menkeu), Sri Mulyani finally gave their blessing. Now, the Provincial Government loan proposal file is on the SMI Board of Directors' table. "We are just waiting for the SMI directors' recommendations. All procedures at the Ministry of Home… Read more  
news     May 18, 2020
PLN and SMI Sign MoU on the Development of New and Renewable Energy (EBT) Based on SDG

PT Perusahaan Listrik Negara (PLN) and PT Sarana Multi Infrastruktur (SMI) signed a Memorandum of Understanding (MoU) in the joint development of the New and Renewable Energy (EBT) platform based on the Indonesia One Sustainable Development Goals (SDG) platform. Finance Director of PLN Sinthya Roesly revealed, this collaboration was one step in synergy between SOEs between PLN and SMI to realize government targets in accordance with Government Regulation (PP) Number… Read more