May 28, 2018 / 2:54 AM / 10 months ago

Indonesian govt to improve state firms' leverage, governance - finmin

JAKARTA, May 28 (Reuters) - Indonesia’s government plans to improve debt management and governance of its state-owned enterprises (SOEs) as part of several measures to maintain economic stability, Finance Minister Sri Mulyani Indrawati said on Monday.

“SOEs will optimise equity financing while maintaining leverage levels under a safe threshold so that they do not create a negative perception towards SOEs as well as the national economy,” Indrawati said during a joint news conference with other regulators.

In the same news conference, Darmin Nasution, the coordinating minister of economics, said economic regulators in the country will prioritise stability in the short term and economic growth in the medium term.

The comments come after the central bank on May 17 raised its benchmark interest rate for the first time since November 2014 in a bid to bolster the fragile rupiah and stem an outflow of capital. Bank Indonesia said last week that it will hold an additional meeting on Wednesday to discuss economic and monetary conditions.

Reporting by Maikel Jefriando and Tabita Diela; Writing by Gayatri Suroyo and Fransiska Nangoy

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