JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today:
Government to Set Up Infrastructure Holding
After establishing a holding company in the mining sector, the government will also set up a holding firm in infrastructure (Infrastructure Holding), whose members will be all state-owned construction companies. The State Owned Enterprise Ministry expects the study on the setting up of the infrastructure holding is projected to be completed this year. Under the proposed plan, PT Hutama Karya will become the holding firm, while the government’s shares in PT Waskita Karya (66 per cent), PT Wijaya Karya Tbk (65 per cent), and PT Jasa Marga Tbk (70 per cent) will be handed to Hutama Karya.
Meanwhile, state-owned companies engaging in housing will be grouped under Housing Holding. Perum Perumnas will become a holding firm, while its members will be PT Virama Karya, PT Amarta Karya, PT Indah Karya, PT PP Tbk and PT Adhi Karya Tbk,
Waskita Beton Targets to Get Rp11.52 Trillion Contracts in 2018
PT Waskita Beton Precast Tbk (IDX:WSBP) targets to secure new contracts of Rp11.52 trillion this year, slightly higher compared to Rp11.03 trillion in 2017. In January alone, the company is optimistic to secure Rp1 trillion worth of contracts, the company’s Corporate Secretary Ratna Ningrum was quoted by Kontan daily as saying.
Medco Energy Considers Issuing US$400m global bonds
PT Medco Energi Internasional Tbk (IDX:MEDC) considers issuing global wonds worth US$400 million, taking advantage of low-coupon rate of global bonds, Kontan daily reported. The proceeds of the bonds will be used to partly refinance its matured debts.