Home Tags SOEs

Tag: SOEs

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 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...

Indonesia’s Wijaya Karya Prepares Bonds, SUKUK US$337M

JAKARTA (TheInsiderStories) - The construction firm, PT Wijaya Karya Tbk (IDX: WIKA) plans to issue bonds and sharia bond with a total value of Rp5 trillion...

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...

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...

Phoenix Petroleum Partnering with Pertamina to Enter Southeast Asian Market

JAKARTA (TheInsiderStories) - Phoenix Petroleum Philippines Inc., and PT Pertamina has signed a fuel product supply and other trading activities in Indonesia and Philippines as part...

Indonesian Gov’t Injects US$340M to PLN in 2021

JAKARTA (TheInsiderStories) - Indonesian government will inject fresh capital Rp5 trillion (US$340.14 million) to state-owned power producer, PT Perusahaan Listrik Negara (PLN) for the 2021 fiscal...

Bahana Forms Indonesia Finance Group LIfe to Save Jiwasraya

JAKARTA (TheInsiderStories) - The new insurance holding company, PT Bahana Pembinaan Usaha Indonesia (BPUI) will form an insurance unit, Indonesia Finance Group (IFG) Life, to save...

Indonesia’s Pegadaian Offers Rupiah Bond US$221M

JAKARTA (TheInsiderStories) – A state run pawning financing and service provider, PT Pegadaian, announced to offers conventional and sharia-based debt securities with a total values...

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...

Royke Tumilaar Leads Bank Negara Indonesia

JAKARTA (TheInsiderStories) - State own enterprise (SOEs) ministry has picked Royke Tumilaar become CEO of PT Bank Negara Indonesia Tbk (IDX: BBNI) replaced Herry Sidharta. Beside him,...

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...

Indonesia’s PTPP Divests the Assets to Boost the Liquidity

JAKARTA (TheInsiderStories) - State-owned investment firm, PT PP Tbk (IDX: PTPP) eyeing fresh funds from the divestment of its assets around Rp1.6 trillion (US$109.59...

Indonesia’s Jasa Marga Cuts Investments, Delayes Some Projects

JAKARTA (TheInsiderStories) - The state-owned toll road builder, PT Jasa Marga Tbk (IDX: JSMR) decided to cut this year' capital expenditure from initial targets Rp20...

Thohir Targeting to Merge State Sharia Banks Early of 2021

JAKARTA (TheInsiderStories) - Indonesian minister, Erick Thohir, targeting to merge the sharia bank under state-owned banks in February of 2021. The Islamic banks are PT...

Indonesia’s PLN Targets Revenues US$27B in 2021

JAKARTA (TheInsiderStories) - Indonesian power producer, PT Perusahaan Listrik Negara (PLN) targets the company' revenues could reached Rp391.6 trillion (US$26.82 billion) in 2021, said the CEO...

Indonesia’s Pertamina Financial Hit by Triple Shocks in 1H 2020

JAKARTA (TheInsiderStories) - Indonesian major energy producer, PT Pertamina, reported net loss US$767.91 million in the first semester (1H) of 2020, hit by a triple...

Indonesia’s Waskita Waskita Ready to Pay Debt US$78M

JAKARTA (TheInsiderStories) - The state-owned construction firm, PT Waskita Karya Tbk (IDX: WSKT) ready to pay the maturity debt in October of 2020 with total amount...

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),...

Indonesian Govt Cuts 2021’s Dividend Targets, Inject Eight SOEs

JAKARTA (TheInsiderStories) - The Indonesian government has lowered the dividend targets of State-Owned Enterprises (SOEs) from Rp65 trillion (US$4.48 billion) to Rp26.13 trillion in 2021...

Indonesia’s Elnusa to Release SUKUK US$48M in this Month

JAKARTA (TheInsiderStories) - PT Elnusa Tbk (IDX: ELSA), a subsidiary of state-owned energy firm, PT Pertamina plans to issues SUKUK with total amounts  Rp700 billion (US$48.28...

COVID-19 Make Garuda Indonesia Losses US$696M

JAKARTA (TheInsiderStories) - The pandemic has hit the financial conditions of state-owned flag carrier PT Garuda Indonesia Tbk (IDX: GIAA) in the first semester (1H) of 2020....

Bank Rakyat Indonesia, Telkom Collaborates on Satellite-based Services

JAKARTA (TheInsiderStories) - Two state-owned firms, PT Telkom Indonesia Tbk (IDX: TLKM) signed a memorandum of understanding with PT Bank Rakyat Indonesia Tbk (IDX:...

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)...

Bank Rakyat Indonesia Plans to Convert the Unit Into Digital Bank

JAKARTA (TheInsiderStories) - One of the largest bank in the country, PT Bank Rakyat Indonesia Tbk (IDX: BBRI) is considering to conver one of...

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...

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...

ITDC Collaborates with PTPP, State Banks to Accelerate Mandalika Circuit Project

JAKARTA (TheInsiderStories) - Indonesia Tourism Development Corporation (ITDC), developer of the Nusa Dua tourism area in Bali and the Mandalika Special Economic Zone in...