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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....

10 Infrastructure Projects Excludes from Indonesia’s NSP List

JAKARTA (TheInsiderStories) - The Indonesian government has decided to exclude 10 infrastructure projects from the National Strategic Project (NSP) list, said senior ministers today (04/16)....

Moody’s Assigns First-time Baa3 rating to Hutama Karya

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a first-time Baa3 issuer rating to state-owned toll operator, PT Hutama Karya (HK). The rating outlook is stable and reflects...

Morning Briefing: President Instructs Evacuation of Indonesian Citizens in Hubei Province

JAKARTA (TheInsiderStories) - President Joko Widodo has instructed his ministers to immediately evacuate Indonesian citizens in the Hubei Province, China, followed the coronavirus spread...

Indonesia, Hungary Plans to Establish Investment Fund

JAKARTA (TheInsiderStories) - Indonesia and Hungary plans to establish the an investment fund to support the infrastructure development in the country, foreign minister told reporters after...

SWF has Potentials to Raises US$20B, says Indonesian President

JAKARTA (TheInsiderStories) - Indonesian President, Joko Widodo, says there is a potential the Sovereign Wealth Fund (SWF), an agency creating by the government to manage US$20...

Japan’s Softbank Eyes More Investment in Indonesia

JAKARTA (TheInsiderStories) - Founder of Japan' Softbank Corp. Masayoshi Son, eyes more investment in Indonesia. After declared to invest US$2 billion on July 2019...

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 Toll Road to Divest Four Toll Roads in 2020

JAKARTA (TheInsiderStories) - PT Waskita Toll Road (WTR) plans to divest four toll roads in 2020, the management told media on Dec. 18. Three...

Indonesia’s Indocement Spends US$93M in 2020

JAKARTA (TheInsiderStories) - Indonesia' cement producer, PT Indocement Tunggal Prakarsa Tbk (IDX: INTP) allocates higher spending in 2020 worth of Rp1.3 trillion (US$92.85 million)...

Indonesia Adds Likupang on Special Economic Zones List

JAKARTA (TheInsiderStories) - Indonesian government has added Likupang in North Sulawesi Province into lists of its special economic zones (SEZ) through government regulation number...

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 Needs Investment US$2,517B to Grow 6%

JAKARTA (TheInsiderStories)  - Indonesia needs Rp35,428 trillion (US$2,517.71 billion) of investment in five years period to reach the six percent growth, said national development...

US’ Global Infrastructure Partners to Invest US$5B in Indonesia

JAKARTA (TheInsiderStories) - Global Infrastructure Partners (GIP), an American-based company, plans to invest around US$5 billion in Indonesia starting 2020, said the senior minister...

Malaysian RANHILL, Jasa Sarana Build Strategic Projects in West Java

JAKARTA (TheInsiderStories) - Malaysia' Ran Holdings Berhard (RANHILL) had signed three memorandum of outstanding with PT Jasa sarana to develop an infrastructure projects in West Java...

Indonesia’s Nusantara Infrastructure Allocates Capex US$161M in 2020

JAKARTA (TheInsiderStories) - Infrastructure company, PT Nusantara Infrastructure Tbk (IDX: META) will strengthen the infrastructure business by allocated capital expenditure Rp2.25 trillion (US$160.71 million) in...

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 to Build 3,000 Km Toll Roads Until 2024

JAKARTA (TheInsiderStories) - Indonesian government targeting to build 3,000 kilometers (km) new toll road across the archipelago, said the head of state in Jakarta. To reach...

ASEAN Announces 19 Initial Infrastructure Projects Worth of US$15B

JAKARTA (TheInsiderStories) - The ASEAN Coordinating Council (ACC) has announced the Initial Rolling Priority Pipeline of ASEAN Infrastructure Projects at the meeting in Bangkok,...

Developing Asia Needs to Invest More Than 5% of GDP for...

JAKARTA (TheInsiderStories) — Developing Asian countries need to invest more than 5 percent of their gross domestic product (GDP) over the next decade to...

IIF Provides Financing to Waskita Toll Road of US$43Million

JAKARTA (TheInsiderStories) - PT Indonesia Infrastructure Finance (IIF) provided Cash Deficiency Support Rp600 million (US$$42.55 million) to unit of PT Waskita Toll Road (WTR),...