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Indonesia’s Waskita Eyes New Contract US$4.5B from Foreign Market

JAKARTA (TheInsiderStories) - State construction firm, PT Waskita Karya Tbk (IDX: WSKT) eyes a new contract Rp71 trillion (US$4.49 billion) from foreign markets over the next...

Indonesia’s Krakatau Stell Forms Infrastructure Subholding

JAKARTA (TheInsiderStories) - State manufacturer, PT Krakatau Steel Tbk (IDX: KRAS) will form an infrastructure subholding consisting of energy supply, industrial water supply, ports and industrial...

Indonesia to Build Ambon New Port for Fishery Businesses

JAKARTA (TheInsiderStories) - Transportation minister, Budi Karya Sumadi, said the government plans to build Ambon New Port in Maluku with total costs up to...

Investor Gets US$78M Dividend from Semen Indonesia

JAKARTA (TheInsiderStories) - Shareholders of cement producer, PT Semen Indonesia Tbk (IDX: SMGR), agreed to share dividend 40 percent of last year profit amounting to Rp1.12...

UAE to Invests US$10B in Indonesia Investment Authority

JAKARTA (TheInsiderStories) - Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi announced the United Arab Emirate (UAE) will invest US$10 billion in Indonesia...

Indonesia Will Operates 17 New Toll Roads in This Year

JAKARTA (TheInsiderStories) - Indonesian government targeting to have 17 new toll roads along 401 kilometers (km) in this year, said the Toll Road Regulatory Agency last...

Pertamina Signs US$2B LPG Supply Deal with ADNOC

JAKARTA (TheInsiderStories) - The unit of state run energy firm, PT Pertamina, and Abu Dhabi National Oil Company (ADNOC), has signed liquefied petroleum gas (LPG) and...

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 -...

Indrawati Targeting New Investment US$21B Through INA

JAKARTA (TheInsiderStories) - Finance Minister, Sri Mulyani Indrawati, targeting the Indonesia Investment Authority (INA) have a capability to attract new investment around Rp300 trillion (US$21.05 billion)...

Hutama Karya Needs More Capital Injection for Trans Sumatera

JAKARTA (TheInsiderStories) -  PT Hutama Karya, the construction firm owned by the government, proposed an additional capital injection Rp19 trillion (US$1.40 billion) to complete Trans...

Indonesia’s Jasa Marga Prepares US$553M for Business Expansions

JAKARTA (TheInsiderStories) - The toll road manager, PT Jasa Marga Tbk (IDX: JSMR), is preparing a capital expenditure around Rp7.75 trillion (US$553.57 million) in this...

Indonesia Offers Nine Toll Roads for US$10B in First Quarter

JAKARTA (TheInsiderStories) - The ministry of public works and public housing ready to tender nine toll roads with total length 350 kilometers (km) to improve the...

Indonesia’s Cement Sales Drops More Than 10% in 2020

JAKARTA (TheInsiderStories) - The Indonesian Cement Association reported the national cement sales dropped more than 10 percent throughout 2020 from 70 million tones to 62.7...

Indonesia Allocates US$2B of Sharia-based Project Financing in 2021

JAKARTA (TheInsiderStories) - The ministry of finance allocated sharia-based project financing Rp27.57 trillion (US$1.95 billion) for 847 infrastructure projects, said Sri Mulyani Indrawati today. The funds will be...

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 Hutama Karya Acquires Property Firm for US$157M 

JAKARTA (TheInsiderStories) - State firm, PT Hutama Karya, has acquired 55 percent shares a local investment and property developer, PT Cempaka Surya Kencana for Rp2.2 trillion...

CT Corp, Indika Wins Patimban Port Phase 2 Project

JAKARTA (TheInsiderStories) - The ministry of transportation announced the winner of the Patimban Port project in Subang, West Java, is the Patimban consortium. The consortium consist...

President Widodo Injects Funding US$532M for Hutama Karya

JAKARTA (TheInsiderStories) - The state-owned construction firm, PT Hutama Karya, received a capital injection worth of Rp7.5 trillion (US$531.91 million) from President Joko Widodo. This is...

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 Patimban Port Officially Operates for Car Export

JAKARTA (TheInsiderStories) - President Joko Widodo conducted a soft launching of the Patimban International Port in Subang, West Java, on Sunday (20/12). Marking the first operation of...

Canada Ready to Invests US$2B in SWF Indonesia

JAKARTA (TheInsiderStories) - Senior minister for maritime and investment affairs, Luhut Pandjaitan, said the government has secured a funding commitment from Canada worth of $2 billion...

Indonesia’s DINFRA to Acquires Toll Road Assets from Jasa Marga

JAKARTA (TheInsiderStories) - Dana Investasi Infrastruktur (DINFRA) Toll Road Mandiri plans to lift its asset portfolio by buying shares of PT Jasamarga Gempol Pasuruan from the...

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 Targets New Contract US$2B in 2021

JAKARTA (TheInsiderStories) - The state-owned construction company, PT Adhi Karya Tbk (IDX: ADHI) targeting to raises new contracts Rp32.9 trillion (US$2.33 billion) in 2021, up 15...

China’s Sino Road Joins with SOEs Build Serang – Panimbang Toll...

JAKARTA (TheInsiderStories) - State-run construction firm, PT Adhi Karya Tbk (IDX: ADHI), PT Wijaya Karya Tbk (IDX: WIKA), together with China' Sino Road and Bridge Group...

US’s IDFC Promises to Invest US$2B in Sovereign Wealth Fund

JAKARTA (TheInsiderStories) - CEO of United States (US) International Development Finance Corporation (IDFC), Adam Boehler, has signed a letter of interest to invest US$2 billion to...

Indonesia’s Waskita Receives US$40M from the Sales of Mutual Fund

JAKARTA (TheInsiderStories) - PT Waskita Toll Road (WTR), unit of state-owned construction firm, PT Waskita Karya Tbk (IDX: WSKT), received funding worth of Rp550 billion (US$39.007...

Indonesia’s Jasa Marga To Operates 1,292KM Toll Roads in 2021

JAKARTA (TheInsiderStories) - The toll road and infrastructure firm, PT Jasa Marga Tbk (IDX: JSMR) targeting to operates 1,292 kilometers (km) of toll roads by 2021....

US, Indonesia Signs Infrastructure and Trade Funding US$750M

JAKARTA (TheInsiderStories) - The governments of Indonesia and the United States (US) have inked a memorandum of understanding on infrastructure and trade funding worth of US$750...

Five SOEs to Build Toll Road in Central Java worth of...

JAKARTA (TheInsiderStories) - Five state-owned enterprises (SOEs) signed a toll road concession agreement for the Yogyakarta - Bawen Toll Road project in Central Java with an...
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