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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...

Indonesia’s PTPP Seeks Fresh Funds US$89M from Bond Market

JAKARTA (TheInsiderStories) - Indonesian contractor, PT PP Tbk (IDX: PTPP) seeks fresh funds from bond market by issuing local notes Rp1.25 trillion (US$89.28 million),...

Indonesia’s Waskita Enters Steel Fabrication Business

JAKARTA (TheInsiderStories) - Indonesian construction firm, PT Waskita Karya Tbk (IDX: WSKT) enter new business by built steel plant in Cikande Modern Industrial Zones,...

Indonesia’s Wijaya Karya Eyes Airport Project US$700M in Taiwan

JAKARTA (TheInsiderStories) - Indonesia' construction firm, PT Wijaya Karya Tbk (IDX: WIKA) eyes an airport project in Taiwan with values around US$700 million, local...

Indonesia’s Jasa Marga, Wijaya Karya Get Financing US$2B

JAKARTA (TheInsiderStories) - PT Jasa Marga Tbk (IDX: JSMR) signed direct equity financing with PT China Communications Construction Indonesia (CCCI) amounting Rp23.3 trillion (US$1.65 billion)...

Indonesia’s PTPP Builds Two Steam Power Plants US$567M

JAKARTA (TheInsiderStories) - Indonesia' construction firm, PT PP Tbk (IDX: PTPP) signed a contract to build two steam power plants in East Nusa Tenggara...

Indonesia’s PTPP Pocketed US$1B Smelter Project Contract

JAKARTA (TheInsiderStories) - PT PP Tbk (IDX: PTPP), a state-owned construction and investment companies in Indonesia, became a contractor for ferronickel smelter construction located...

Two Units of Indonesia’s Wijaya Karya Go IPO in 2019

JAKARTA (TheInsiderStories) - Two units of Indonesian construction operator PT Wijaya Karya Tbk (WIKA), namely PT Wijaya Karya Realty (Wika Realty) also PT Wika...