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10 Companies Participates in Pantimban Port Tender

JAKARTA (TheInsiderStories) - Ten companies participating in the Patimban port operators tenders, the Indonesian Port Business Entity Association reported today (10/16). The project located in Subang, West...

Indonesia’s Public Works Ministry Prepares US$10B

JAKARTA (TheInsiderStories) - Public works and public housing prepared funds amounting to Rp149.81 trillion (US$10.12 billion) to support the infrastructure projects in Indonesia. The government...

Indonesia, US Collaborates in Infrastructure Financing and Financial Market

JAKARTA (TheInsiderStories) - Indonesia and United States (US) ministry of finance have agreed to cooperates on the infrastructure financing and financial market development, said...

Kereta Api Indonesia Receives Loan US$287M for LRT Project

JAKARTA (TheInsiderStories) - The state-owned railway firm, PT Kereta Api Indonesia (KAI) received a syndicated loan worth of Rp4.2 trillion (US$287.67 million) from banks, said the...

Indonesia’s Citra Marga Seeks Funds US$213M from Rights Issue

JAKARTA (TheInsiderStories) -  Toll road manager, PT Citra Marga Nusaphala Persada Tbk (IDX: CMNP) have a plans to offer new shares with total amount of Rp3.16...

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...

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 Prepares the Constructions of Eight Toll Roads

JAKARTA (TheInsiderStories) - Indonesian government has prepared the construction of eight new toll roads to connect the strategic areas and growth centers in Java and Bali at...

Indonesia’s Jasa Marga invests US$449M in Toll Road Project

JAKARTA (TheInsiderStories) - State-owned toll road operator, PT Jasa Marga Tbk (IDX: JSMR) will invests up to Rp6.6 trillion (US$449 million) for the Solo -Yogyakarta International Airport...

Astra Group Starts the Developing of Cipali Toll Road in West...

JAKARTA (TheInsiderStories) - Indonesian conglomeration company, PT Astra International Tbk (IDX: ASII), through its unit, PT Lintas Marga Sedaya (ASTRA Tol Cipali) has officially started the...

Indonesia’s SMI Gets Syndicated Loans US$500M from Banks

JAKARTA (TheInsiderStories) - State financing company, PT Sarana Multi Infrastruktur (SMI) has secured a loan facilities of US$500 million with a green shoe of $200 million...

Indonesia’s Waskita Toll Road Divests Asset for US$37M

JAKARTA (TheInsiderStories) - Indonesian toll builder, PT Waskita Toll Road (WTR) sold 30 percent of share ownership in the company unit, PT Kresna Kusuma Dyandra Marga...

Indonesia’s PTPP Give Loans US$32M to PP Properti

JAKARTA (TheInsiderStories) - State-owned construction firm, PT PP Tbk (IDX: PTPP) provides loans to its subsidiary, PT PP Properti Tbk (IDX: PPRO) with worth of Rp495...

Sarawak Consolidated Industries Awards Toll Road Projects in Indonesia

JAKARTA (TheInsiderStories) - Malaysia' Sarawak Consolidated Industries Bhd (SCIB) has bagged three contracts in Indonesia, Abu Dhabi and Malaysia with total amount US$145 million, said the...

Indonesia’s Jasa Marga Releases Rupiah Bond US$136M

JAKARTA (TheInsiderStories) - Toll road operator, PT Jasa Marga Tbk (IDX: JSMR) will issue local bonds with targets up to Rp2 trillion (US$136.05 million),...

Indonesia’s Acset Indonusa Offers New Shares worth of US$101M

JAKARTA (TheInsiderStories) - Indonesian infrastructure issuer, PT Acset Indonusa Tbk (IDX: ACST) issued 5.73 billion new shares of 89.11 percent of the company' issued and...

Indonesia’s Cement Sales Drops 4.19% in the First Semester

JAKARTA (TheInsiderStories) - The impact of the COVID-19 has hit the national cement industry. Based on data from the association, total cement sales in the...

Indonesia’s AP II Offers 49% of Kualanamu Shares to Investors

JAKARTA (TheInsiderStories) - Airport operator, PT Angkasa Pura II or AP II, offers a portion of Kualanamu International Airport in Medan, North Sumatra to...

PTPP Hentikan Sejumlah Proyek Karena Pandemi

JAKARTA (TheInsiderStories) - Perusahaan pengembang plat merah, PT PP Tbk (IDX: PTPP), berniat menghentikan sejumlah proyek akibat dari pandemi COVID-19 yang menghantam hampir seluruh...

Indonesia’s Wijaya Karya, RSEA Engineering Working on MRT Project in Taiwan

JAKARTA (TheInsiderStories) - Construction firm, PT Wijaya Karya Tbk (IDX: WIKA) is trusted to work on the mass rapid transit (MRT) system project in Taiwan. In...

West Java Offers Investment Projects US$50B to Investors

JAKARTA (TheInsiderStories) - The West Java regional government offers around 209 investment projects with a value around Rp700 trillion (US$50 billion), said the governor in an...

Indonesia’s SMI Seeks US$500M Loans from Foreign Banks

JAKARTA (TheInsiderStories) - State financial firm, PT Sarana Multi Infrastruktur (SMI) is exploring a syndicated loans up to US$500 million to support infrastructure financing activities, said...

Indonesia to Connects Trans Java Toll Road to Bali Island

JAKARTA (TheInsiderStories) - Indonesia' public works and public housing minister Basuki Hadimuljono said, the government would extend the Trans Java toll road from its...

Indonesia Prepares Brebes Industrial Zones for Japan, US Plants Relocation

JAKARTA (TheInsiderStories) - Indonesian government prepares Brebes Industrial Park to relocates Japan and United States (US) plant from China to Brebes industrial estate as an effort...

Fewer APAC Projects, Infrastructure Companies Have High Exposure

JAKARTA (TheInsiderStories) - High proportion (67 percent) of rated project and infrastructure companies in Asia Pacific continue to have low exposure to the coronavirus-related disruptions, supported...

Indonesia Offers Nine Toll Road Projects in This Year

JAKARTA (TheInsiderStories) - Public works and public house ministry to offer nine toll road projects in Indonesia during 2020, said the minister today. The pre-qualification...

Indonesia Integrates Jakarta-Bandung-Surabaya Fast Train Projects

JAKARTA (TheInsiderStories) - In a limited meeting related to the National Strategic Project (NSP), President Joko Widodo decided to integrated the construction of the...

Indonesia’s Hutama Raises US$600M from Global Bond Issuance

JAKARTA (TheInsiderStories) - PT Hutama Karya has issued a global medium term notes US$600 million with tenure 10 years and a coupon rated of 3.75 percent, said the...

Indonesia Offers Six Infrastructure Projects More Than US$5B

JAKARTA (TheInsiderStories) - Indonesia offered six toll road and bridge projects across the archipelago with total investments Rp80.8 trillion (US$5.37 billion), said the government official last...

Indonesian Cement Sales Falls 5.4% in the 1Q of 2020

JAKARTA (TheInsiderStories) - Indonesian cement sales corrected 5.4 percent to 16.28 million tones (MT) in the first quarter (1Q) of 2020, the association reported this week....