Allegations of Fraud and Corruption Loom Over State-Owned Enterprises' Stocks

May 24, 2024, 10.25 PM
Reporter: Pulina NityakantiEditor: Syamsul Azhar

- JAKARTA. A wave of negative news is currently sweeping over the stocks of state-owned enterprises (SOEs) in Indonesia. Not only are these companies grappling with financial issues and high debt burdens, but allegations of corruption and fraud are also surfacing. This could potentially erode investor confidence in these red-plate issuers.

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