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Indonesia’s Hutama Karya Prepares Three Subsidiaries Go IPO

JAKARTA (TheInsiderStories) -State-owned toll operator, PT Hutama Karya, plans to bring three of its subsidiaries take a floor (IPO) at the Indonesian Stock Exchange...

Jasa Marga Joins the Longest Toll Road Projects Tender in Java

JAKARTA (TheInsiderStories) - Toll road operator, PT Jasa Marga Tbk' (IDX: JSMR) consortium have submitted pre-qualification documents to participate in the tender for the Gedebage...

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...

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...

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 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...

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 Waskita Karya Injects Capital US$83M to WTR

JAKARTA (TheInsiderStories) - Indonesian contruction firm, PT Waskita Karya Tbk (IDX: WSKT) plans to inject more capital to PT Waskita Toll Road (WTR) by...

Waskita akan Divestasi Tiga Jalan Tol untuk Lunasi Hutang

JAKARTA (TheInsiderStories) - PT Waskita Karya Tbk (IDX: WSKT) berencana untuk mendivestasi saham tiga jalan tol miliknya untuk melunasi hutang perusahaan yang semikin menumpuk,...

Indonesia’s Waskita to Divest Three Toll Roads to Pay Debt

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Waskita Karya Tbk (IDX: WSKT) planned to divest its statke in the three toll road units to...

Indonesia’s Jasa Marga Eyes US$143M Funds to Pay Debts

JAKARTA (TheInsiderStories) - Toll road managers, PT Jasa Marga Tbk (IDX: JSMR) eyeing up to Rp2 trillion (US$142.86 million) from bond market to pay the company'...

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’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...

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...

Moody’s Downgrades Jasa Marga Rating from Stable to Negative

JAKARTA (TheInsiderStories) - Moody's Investors Service has changed the outlook on the ratings of PT Jasa Marga Tbk (IDX: JSMR) to negative from stable. At the same time,...

MTPC Sold 10.32% Shares of Indonesian Unit to Japan’s Investors

JAKARTA (TheInsiderStories) - Malaysia' CIIF Infrastructure Holdings Sdn. Bhd., unit of Metro Pacific Tollways Corp., (MPTC) sold 10.32 percent of its Indonesian unit, PT Margautama Nusantara,...

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 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 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...