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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...

Indonesia’s Jasa Marga, Wijaya Karya Get Financing US$2B

JAKARTA (TheInsiderStories) - PT Jasa Marga Tbk (IDX: JSMR) signed direct equity financing with PT China Communications Construction Indonesia (CCCI) amounting Rp23.3 trillion (US$1.65 billion)...

Indonesia’s Waskita Seeks US$246M from Bond Issuances

Jakarta (TheInsiderStories) - State-owned construction firm, PT Waskita Karya Tbk (IDX: WSKT) planned to release local bond worth of Rp3.5 trillion (US$246.47 million), said the...

Indonesia’ Waskita to Earn Funds US$2B in This Year

Jakarta (TheInsiderStories) - PT Waskita Karya Tbk (IDX: WSKT) hoped to earn fresh funds up to Rp30 trillion or US$2.11 billion from projects using the...

Indonesia’s Jasa Marga Issues SUKUK Bonds US$56M

JAKARTA (TheInsiderStories) - Unit of Indonesian toll road developer, PT Jasa Marga Tbk (IDX: JSMR) issued Islamic bond (SUKUK) worth of Rp785 billion (US$56.07...

115 National Strategic Projects of Widodo’s First Term Postponed

JAKARTA (TheInsiderStories) – The realization of the National Strategic Project (NSP) experiencing significant obstacles, starting from the stage of preparation, transaction or auction to...

Indonesia’s Waskita Raises Funds US$128.67 from Bond Issuances

JAKARTA (TheInsiderStories) – Indonesian toll road developer,  PT Waskita Karya Tbk (IDX: WSKT) raised funds Rp1.84 trillion (US$128.67 million) from a bond issuances. While, its...

Indonesia’s Jasa Marga to Publishs Two-Debt Instruments US$140M in 2019

JAKARTA (TheInsiderStories) – Indonesian toll-road developer, PT Jasa Marga Tbk (IDX:JSMR) to publish coupon and zero coupon bonds, with total amount Rp2 trillion (US$140.84...

Indonesia’s Jasa Marga Targets $71B from DINFRA

JAKARTA (TheInsiderStories) - PT Jasa Marga Tbk (IDX:JSMR) registered the Infrastructure Investment Fund (DINFRA) Toll Road Mandiri worth of Rp423.5 billion (US$30.25 million) on...

Subianto Promises to Slice Electricity Price, Widodo Extends Autonomy Fund

JAKARTA (TheInsiderStories) – In his political trip to Bali and West Nusa Tenggara, Candidate President Prabowo Subianto promised to decrease electricity tariffs and basic...

Indonesia’s Hutama Karya Prepares Investment US$3.21B

JAKARTA (TheInsiderStories) - Indonesian toll operator, PT Hutama Karya (HK) prepares investment up to Rp45 trillion or US$3.21 billion this year, said the chief...

Morning Briefing: May Seeks Another Brexit Negotiation with EU

JAKARTA (TheInsiderStories) -- United Kingdom (UUK) House of Common will have another vote over Brexit, as Premier Theresa May expects for more negotiations to...

Indonesia’s Waskita to Issues Local Bond US$345M in 2019

JAKARTA (TheInsiderStories) - A state-owned construction firm, PT Waskita Karya Tbk (IDX: WSKT) planned to issue Rp5 trillion (US$344.82 million) bond, in the second semester of...

Indonesia’s Jasa Marga Prepares Capex US$1.8B in 2019

JAKARTA (TheInsiderStories) - After operating the Trans Java toll road, publicly listed PT Jasa Marga Tbk (IDX: JSMR) immediately stepped out to get a...

Transportation Integration for Jakarta and Surrounding Areas Need Costs US$41B

JAKARTA (TheInsiderStories)-  Toll Road Management Agency for Jakarta and surrounding areas required funds of Rp600 trillion (US$41.38 billion) to implement integrated Transportation Master Plan...

Jakarta Tollroad Development Received Loan US$931M

JAKARTA (TheInsiderStories) – Indonesian toll road operator, PT Jakarta Tollroad Development (JTD) signed a syndicated loan agreement worth of Rp13.7 trillion (US$931.27 million). The...

Indonesia’s Adhi Karya to Construct Solo-Yogyakarta Toll Roads in 2019

JAKARTA (TheInsiderStories) - PT Adhi Karya Tbk (IDX: ADHI), a state-owned construction company, aims to start the construction of the Solo - Yogyakarta toll road...

Indonesia Offers Six Toll Road Projects Costs US$8B

JAKARTA (TheInsiderStories) - Indonesia's Toll Road Regulatory Agency offered six toll road projects with an investment value of Rp124 trillion (US$8.67 billion) to be...

Policy Review: SOEs More Agressives Build Toll Roads Amid Liquidity Concern

JAKARTA (TheInsiderStories) - Two state-owned enterprises (SOEs), PT Wijaya Karya Tbk (IDX: WIKA) and PT Jasa Marga Tbk (IDX: JSMR) will operate and build new toll...

Indonesia WIKA, Philippine Consortium Constructs US$1.25B’s Toll Road Project in Manila

JAKARTA (TheInsiderStories) - Indonesian construction firm PT Wijaya Karya Tbk (IDX: WIKA) with Citra Manila Consortium, consisting of PT Citra Persada Infrastruktur, PT Citra Nusaphala Marga...

Jasa Marga Secures $561M Loan to Build Batang Toll Road

JAKARTA (TheInsiderNetwork) - State-owned toll operator PT Jasa Marga Tbk (IDX: JSMR) has obtained syndicated loan amounting Rp7.73 trillion (US$561 million) to finance Batang - Semarang...

Status Updates of Indonesia’s National Strategic Projects

JAKARTA (TheInsiderStories) - The administration of President Joko Widodo is ratcheting up infrastructure spending, with priorities set in logistic, energy and transportation sectors. Indonesia needs...

Waskita, Jasa Marga Seek US$582M from Toll Roads Divestment

JAKARTA (TheInsiderStories) - State-owned construction firm PT Waskita Karya Tbk (IDX: WSKT) and state-owned toll operator company PT Jasa Marga Tbk (IDX: JSMR) are planning to...

Government May Slash Toll Road Tariffs, Operators Welcome

JAKARTA (TheInsiderStories) - President Joko Widodo summoned Minister of Public Works and People's Housing Basuki Hadimuldjono, Minister of Transportation Budi Karya Sumadi, and several...

WIKA to Start the Construction Serang-Panimbang Toll Road

JAKARTA (TheInsiderStories) - State owned construction company, PT Wijaya Karya Tbk Persero (IDX:WIKA) will soon start the construction Serang-Panimbang toll road (83.7km) under Toll Road...

Waskita Obtains Loan US$75M to Build Salatiga-Kartasura Toll Road

JAKARTA (TheInsiderStories) – State-owned construction company PT Waskita Karya Persero Tbk, (IDX:WSKT) has secured a syndicate loan amounted Rp1 trillion or US$75 million to fund...

Wijaya Karya Offers Global IDR Bonds US$400M

JAKARTA (TheInsiderStories) - Publicly listed construction firm, PT Wijaya Karya Tbk (IDX: WIKA) is ready to offer US$400 million (Rp5.3 Trillion) global IDR bonds...

Indonesia Toll Road Regulator Raises Tariffs on 9 Toll Roads

JAKARTA (TheInsiderStories) - The Toll Road Regulatory Agency (BPJT) has decided to adjust the tariffs of nine toll roads, starting Dec. 8. Head of BPJT Herry...

Jasa Marga seeks $7.3 billion by 2019 for New Tolls

JAKARTA (TheInsiderStories) - State-owned toll road operator PT Jasa Marga (Persero) Tbk (IDX: JSMR) is gearing up to raise funds from the capital market...

Waskita Rebuffs Suitors, Cancels Divestment

JAKARTA (TheInsiderStories) - State-owned construction firm, PT Waskita Karya Tbk (IDX:WSKT) has announced that the rights issue and divestment of PT Waskita Toll road...