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Hong Kong’s Kings Key Acquires 30% Toll Road Shares from Waskita

JAKARTA (TheInsiderStories) - Kings Key Ltd., a Hong Kong-based company under Road King Expressway group, has acquired 30 percent shares of Medan - Kualanamu -...

Wijaya Karya, PTPP Wins Mandalika Project in Lombok

JAKARTA (TheInsiderStories) - State construction firms, PT PP Tbk (IDX: PTPP), PT Wijaya Karya Tbk (IDX: WIKA), and PT Bunga Raya Lestari won the construction...

Indonesia’s PTPP Ready to Sell Rupiah and Sharia Bond US$243M

JAKARTA (TheInsiderStories) - The construction firm, PT PP Tbk (IDX: PTPP), plans to offers local bond up to Rp4 trillion (US$142.86 million) in two years time...

Indonesia’s WIKA to Divests 15% of Belawan Container Terminal Shares

JAKARTA (TheInsiderStories) - The state contractor firm, PT Wijaya Karya Tbk (IDX: WIKA) plans to divest 15 percent shares of Belawan Container Terminal in Medan,...

Indonesia’s Wijaya Karya to Issues Rupiah Bond US$214M

JAKARTA (TheInsiderStories) - State firm, PT Wijaya Karya Tbk (IDX: WIKA) to issuer domestic bond and SUKUK up to Rp3 trillion (US$214.29 million) to pay the...

Japan’s TOA Partners with Waskita Beton to Enter Indonesian Market

JAKARTA (TheInsiderStories) - Japanese firm, TOA Corporation, partnering with local company, PT Waskita Beton Precast Tbk (IDX: WSBP) to enter Indonesian market, the management announced...

Indonesia’s Wijaya Karya Pays Komodo Bond US$386M

JAKARTA (TheInsiderStories) - The state construction company, PT Wijaya Karya Tbk (IDX: WIKA) has repaid its Komodo Bond with a principal values of Rp5.4 trillion (US$386...

Indonesia’s PP Injects PP Properti US$114M for Debt Refinancing

JAKARTA (TheInsiderStories) - Publicly listed firm, PT PP Tbk (IDX: PTPP), provided loan injection to its subsidiary, PT PP Properti Tbk (IDX: PPRO) with total amount of...

Indonesia’s Waskita Karya Needs US$1.4B to Build Toll Roads

JAKARTA (TheInsiderStories) - The state-owned firm, PT Waskita Karya Tbk (IDX: WSKT) need funds up to Rp20 trillion (US$1.43 billion) to complete the construction a number...

Indonesia’s PP Eyes New Contracts US$2.15B in 2021

JAKARTA (TheInsiderStories) - The state-owned construction firm, PT PP Tbk (IDX: PTPP) is targeting to obtain a new contract values of Rp30.1 trillion (US$2.15 billion) in...

Indonesia’s Wijaya Karya to Spends US$216M in This Year

JAKARTA (TheInsiderStories) - The construction firm, PT Wijaya Karya Tbk (IDX: WIKA) plans to spend Rp3.05 trillion (US$216.31 million) in 2021, said the spokesman yesterday. This...

Terregra Asia, Waskita Working on Renewable Energy Projects

JAKARTA (TheInsiderStories) - Two Indonesian companies, PT Terregra Asia Energy Tbk (IDX: TGRA) and PT Waskita Karya Tbk (IDX: WSKT) have signed a master agreement...

Indonesia’s Waskita to Divesting 11 Toll Roads, Eyes US$2B

JAKARTA (TheInsiderStories) - The state construction firm, PT Waskita Karya Tbk (IDX: WSKT) plans to divesting 11 toll roads with target funds up to Rp31...

Indonesia’s PT PP Prepares Expansion Fund US$466M for Next Year

JAKARTA (TheInsiderStories) - Indonesian construction firm, PT PP Tbk (IDX: PTPP) has budgeted capital expenditure Rp6.52 trillion (US$462.41 million) for 2021, said the management on Tuesday...

Indonesia’s WIKA Gedung Targets US$724M in New Capital Projects

JAKARTA (TheInsiderStories) - The construction firm, PT Wijaya Karya Bangunan Gedung Tbk (IDX: WEGE) or WIKA Gedung, eyes 20 percent of the capital city projects...

Indonesia’s Adhi Karya Seeks US$136M from Bond Market

JAKARTA (TheInsiderStories) - State-owned construction firm, PT Adhi Karya Tbk (IDX: ADHI) seeking funds up to Rp2 trillion (US$136.05 million) from bond market in this year....

Indonesia’s Waskita Pay Debt US$169M After Raises Bank Loan

JAKARTA (TheInsiderStories) - The construction firm, PT Waskita Karya Tbk (IDX: WSKT) raised a bank loans Rp2 trillion from state-owned lender, PT Bank Negara...

Indonesia’s Wijaya Karya to Issues Bond US$337M

JAKARTA (TheInsiderStories) - The construction firm, PT Wijaya Karya Tbk (IDX: WIKA), has planning to issue local bonds up to Rp5 trillion (US$337.84 million) to refinances...

Indonesia’s PTPP to Divests Two Toll Road Assets for US$28M

JAKARTA (TheInsiderStories) - The state-owned construction firm, PT PP Tbk (IDX: PTPP) to raised Rp421 billion (US$28.44 million) from the divestment of its two toll road...

Indonesia’s Wijaya Karya Prepares Bonds, SUKUK US$337M

JAKARTA (TheInsiderStories) - The construction firm, PT Wijaya Karya Tbk (IDX: WIKA) plans to issue bonds and sharia bond with a total value of Rp5 trillion...

Fitch Downgrades Wijaya Karya Rating from BB to BB-

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded Indonesian government-owned construction company PT Wijaya Karya Tbk' (IDX: WIKA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to...

Indonesia’s PTPP Divests the Assets to Boost the Liquidity

JAKARTA (TheInsiderStories) - State-owned investment firm, PT PP Tbk (IDX: PTPP) eyeing fresh funds from the divestment of its assets around Rp1.6 trillion (US$109.59...

Indonesia’s PP is Working on a Dam Projects worth of US$53M

JAKARTA (TheInsiderStories) - State run property and construction firm, PT PP Tbk (IDX: PTPP) started the construction of the Tamblang Dam project in Buleleng, Bali, with...

Indonesia’s Waskita Beton Fails to Pay Bond Interest

JAKARTA (TheInsiderStories) - PT Waskita Beton Precast Tbk (IDX: WSBP), a subsidiary of the state-owned construction company, PT Waskita Karya Tbk (IDX: WSKT), postponed...

Indonesia’s PTPP Halts Some Important Projects due to the Pandemic

JAKARTA (TheInsiderStories) - The state run developer, PT PP Tbk (IDX: PTPP), intends to stop a number of projects due to the COVID-19 pandemic...

PEFINDO Lowers Waskita’s Rating due to Financial Problems

JAKARTA (TheInsiderStories) - PT Pemeringkat Efek Indonesia (PEFINDO) lowers the ratings of PT Waskita Karya Tbk (IDX: WSKT) shelf-registered Bonds I of 2015, 2016,...

Indonesia’s Waskita to Divest Three Toll Roads to Pay Debt

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Waskita Karya Tbk (IDX: WSKT) planned to divest its statke in the three toll road units to...

Indonesia’s Waskita Karya Receives Funding US$878M

JAKARTA (TheInsiderStories) - Indonesian construction company, PT Waskita Karya Tbk (IDX: WSKT) received cash of Rp12.3 trillion (US$878.57 million) which derived from turnkey payment of...

Indonesia’s Waskita Offers Global Bond US$375M in 2020

JAKARTA (TheInsiderStories) - Construction firm, PT Waskita Karya Tbk (IDX: WSKT) to sell seven or 10 years-global bond with worth of Rp5 trillion (US$375.14...

Indonesia’s PTPP to Spends US$534M in 2020

JAKARTA (TheInsiderStories) - Indonesian developer, PT PP Tbk (IDX: PTPP) ready to spends Rp7.5 trillion (US$535.71 million) next year, said the management on Tuesday...
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