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Indonesia’s Waskita Only Divests Two Toll Road Assets in 2020

JAKARTA (TheInsiderStories) - The construction firm, PT Waskita Karya Tbk (IDX: WSKT) announced only divest two toll roads in this year caused the impact...

Indonesia’s Wijaya Karya Eyes US$136M from Bond Market

JAKARTA (TheInsiderStories) - Another state-owned firm, PT Wijaya Karya Tbk (IDX: WIKA) seeks funds from bond market up to Rp2 trillion (US$136.05 million) in this year,...

Garuda Indonesia Issues MCB US$578M, Diluted Tanjung’s Shares to 9%

JAKARTA (TheInsiderStories) - The airlines firm owned by the government, PT Garuda Indonesia Tbk (IDX: GIAA) announced to issue Mandatory Convertible Bonds (MCB) amounting to Rp8.5...

Indonesia’s Krakatau Steel Releases MCB US$204M

JAKARTA (TheInsiderStories) - Indonesia' steel producer, PT Krakatau Steel Tbk (KRAS) plans to issue Mandatory Convertible Bond (MCB) with total amount Rp3 trillion (US$204.08 million), said...

Moody’s Assigns Ba3 to Indika Energy’s US Dollar Bond

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the Ba3 corporate family rating (CFR) to Indonesian miner, PT Indika Energy Tbk (IDX: INDY), said the agency on...

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 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...

Four Subdiaries of Krakatau Steel Ready to Go IPO

JAKARTA (TheInsiderStories) - Indonesia' steel-maker, PT Krakatau Steel Tbk (IDX: KRAS) ready to list four of its subsidiaries shares in 2021, said the CEO last week. The...

Singapore’s Wexler Holds 20.82% Bumi Resources Minerals Shares

JAKARTA (TheInsiderStories) - Singapore' investment firm, Wexler Capital Pte. Ltd., officially hold 20.82 percent of PT Bumi Resources Mineral Tbk (IDX: BRMS) shares after...

Singapore’s Agri, FKS Food to Holds 55.62% of TPS Food Shares

JAKARTA (TheInsiderStories) - Singapore’ Agri Pte. Ltd., and FKS Food and Ingredients through its subsidiaries, PT Pangan Sejahtera Investasi, will become the standby buyer the...

Indonesia’s Alam Sutera Ready to Enter Global Market Bond

JAKARTA (TheInsiderStories) - Indonesian developer, PT Alam Sutera Realty Tbk (IDX: ASRI) set the price of global bond issuances with total amount of US$485 million a...

Indonesia’s Sinarmas has Potential to Adds Smartfren Shares

JAKARTA (TheInsiderStories) - Sinar Mas Group has potential to increases telecommunication firm, PT Smartfren Telecom Tbk (IDX: FREN) shares through the bond conversion with...

Fitch Downgrades Agung Podomoro Rating to ‘C’

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded Indonesia-based developer, PT Agung Podomoro Land Tbk' (IDX: APLN) Long-Term Issuer Default Rating (IDR) to 'C' from 'CCC-'. At the...

Fitch Downgrades Alam Sutera to ‘CCC-‘ on Heightened Refinancing Risks

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded property developer, PT Alam Sutera Realty Tbk' (IDX: ASRI) Long-Term Issuer Default Rating (IDR) to CCC- from B-. At...

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 AP II Releases Local Bond to Pay Debt

JAKARTA (TheInsiderStories) - The operator of 19 airports in Indonesia, PT Angkasa Pura II or AP II, issued bonds worth Rp2.25 trillion (US$155.17 million)...

Indonesia’s Alam Sutera Seeks Fresh Fund US$485M to Pay Debt

JAKARTA (TheInsidersStories) - PT Alam Sutera Realty Tbk (IDX: ASRI) plans to release senior bonds with worth US$485 million, said the developer company today...

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...

The Government to Absorbs Garuda Indonesia’s MCB US$594M

JAKARTA (TheInsiderStories) - The government is proposing to absorb the mandatory convertible bond (MCB) of state-owned airlines firm, PT Garuda Indonesia Tbk (IDX: GIAA)...

Garuda Indonesia Aborts Airbus Deliveries Amid the Slow Traficts

JAKARTA (TheInsiderStories) - The national flag carrier, PT Garuda Indonesia Tbk (IDX: GIAA) is in talks with Airbus SE (AIR.PA) to delay the deliveries of four...

Tiphone Mobile Indonesia Fails to Pay Debt, Possible to Bankrupt

JAKARTA (TheInsiderStories) - Cellphone and voucher retailer company, PT Tiphone Mobile Indonesia Tbk (IDX: TELE) and four of its subsidiaries, PT Telesindo Shop, PT...

Indonesia’s Delta Dunia Releases Global Bond US$750M

JAKARTA (TheInsiderStories) - Mining services contractor, PT Delta Dunia Makmur Tbk (IDX: DOID), through its subsidiary PT Bukit Makmur Mandiri Utara (BMMU), will issue...

Indonesia’s Modernlan Shares Suspended, Ratings Decreased

JAKARTA (TheInsiderStories) - Shares of the developer company, PT Modernland Realty Tbk (IDX: MDLN) have been suspended by Indonesia Stock Exchange, said the bourse...

Indonesia’s Express: Mounting Debt, Threatened Bankrupt

JAKARTA (TheInsiderStories) - Taxi operator, PT Express Transindo Utama Tbk (IDX: TAXI) reports the company' latest condition amid the COVID-19 pandemic and the debt...

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...

More Selective Government Support Reduces Credit Quality of Indonesia’s SOEs

JAKARTA (TheInsiderStories) - Support for Indonesia' state-owned enterprises (SOEs) from the Indonesian government (Baa2 stable) is likely to become more selective due to coronavirus disruptions, weighing...

Indonesia’s Jasa Marga Eyes US$143M Funds to Pay Debts

JAKARTA (TheInsiderStories) - Toll road managers, PT Jasa Marga Tbk (IDX: JSMR) eyeing up to Rp2 trillion (US$142.86 million) from bond market to pay the company'...

Indonesia’s Bumi Resources Minerals Revises Private Placement Price

JAKARTA (TheInsiderStories) - Indonesia miner, PT Bumi Resources Minerals Tbk (IDX: BRMS) revised the private placement' price from Rp50 a share to Rp85 per unit, said...

Indonesia’ Bumi Resources Minerals Pay Debt through Private Placement

JAKARTA (TheInsiderStories) - Gold miner, PT Bumi Resources Minerals Tbk (IDX: BRMS) plans to run a debt to stock conversion to its creditor, said the company...

Garuda Explores Various Options to Overcome the Debts

JAKARTA (TheInsiderStories) - Flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA) explores various options to overcome the company debts amid the COVID-19 outbreak. In response to the...