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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...

Indonesia Prepares Six New Toll Road Projects in Early 2021

JAKARTA (TheInsiderStories) - Public works and housing ministry of Indonesia prepared six toll road projects in the first quarter of 2021, said the government official...

The Development Patimban Port Phase II Starts in January 2021

JAKARTA (TheInsiderStories) - The ministry of transportation announced will carry out the development of the Patimban Port phase 2 in Subang, West Java, in January 2021. Total...

Indocement Sees Indonesia’s Cement Sales Grow 5% in 2021

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Indocement Tunggal Prakarsa Tbk (IDX: INTP), sees the national cement industry able to grow 5 percent in 2021 from...

Indonesia’s Gudang Garam Enters Toll Road Business

JAKARTA (TheInsiderStories) - Cigarette-maker, PT Gudang Garam Tbk (IDX: GGRM) entered toll road business through the unit, PT Surya Kerta Agung (SKA), said the issuer...

Australia’s McConnel, PTPP Build IPAL Project in South Sumatera

JAKARTA (TheInsiderStories) - Australian contractor, McConnell Dowell, and state-owned construction firm, PT PP Tbk (IDX: PTPP) partnering to build Palembang City Wastewater Treatment Plant (IPAL) project,...

Indonesia’s Wijaya Karya to Issues Rupiah Bond US$340M

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Wijaya Karya Tbk (IDX: WIKA) plans to offer conventional and sharia bond with targets up to Rp5...

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...