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Moody’s Downgrades Jasa Marga, Wijaya Karya Rating due to COVID-19

JAKARTA (TheInsiderStories) - Moody's Investor Service downgraded two state-owned enterprises rating due to negative impact from the COVID-19 Outbreak. The agency has downgraded the issuer and...

Wijaya Karya Realty, Urban Jakarta Prepares US$645M to Develop TOD

JAKARTA (TheInsiderStories) - PT Wijaya Karya Realty (Wika Realty), unit of construction firm, PT Wijaya Karya Tbk (IDX: WIKA), and PT Urban Jakarta Propertindo Tbk (IDX:...

Indonesia’s Wijaya Karya, Furukawa Gets Turnkey Projects US$100M from PLN

JAKARTA (TheInsiderStories) - PT Wijaya Karya Tbk (IDX: WIKA), a state-owned construction firm, in consortium with Japan' Furukawa Electric Co., Ltd., has been awarded...

Indonesia’s Wijaya Karya Eyes LRT Project in Philipines

JAKARTA (TheInsiderStories) - PT Wijaya Karya Tbk (IDX: WIKA), state-owned construction firm, joined a Philipines' light railway transit (LRT) tender along with other competitor...

Indonesia’s IRDC to Build Railroad in Laos US$2B

JAKARTA (TheInsiderStories) - Indonesia Railway Development Consortium (IRDC) plan to build a railroad linking Laos to Vietnam, said the official last week. The value...

Indonesia’s Wijaya Karya Eyes Airport Project US$700M in Taiwan

JAKARTA (TheInsiderStories) - Indonesia' construction firm, PT Wijaya Karya Tbk (IDX: WIKA) eyes an airport project in Taiwan with values around US$700 million, local...

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)...

Indonesian SOEs Eyes Mineral Projects in Madagascar

JAKARTA (TheInsiderStories) - Indonesia state own enterprises (SOEs), miner PT Timah Tbk (IDX: TINS) and PT Industri Kereta Api (INKA) plans to invest in...

Indonesia’s WIKA Eyes US$1.4B Projects in Africa

Jakarta (TheInsiderStories) - Indonesian construction firm, PT Wijaya Karya Tbk (IDX: WIKA) targeting to handle projects with total values Rp20 trillion (US$1.4 billion) in Africa,...

Indonesia’s Wika Beton Targeting Sales, Contract Grow 15%

JAKARTA (TheInsiderStories) - PT Wijaya Karya Beton Tbk (IDX: WTON) also known Wika Beton, targeting every year the sales and contract of the company could grow...

Two Units of Indonesia’s Wijaya Karya Go IPO in 2019

JAKARTA (TheInsiderStories) - Two units of Indonesian construction operator PT Wijaya Karya Tbk (WIKA), namely PT Wijaya Karya Realty (Wika Realty) also PT Wika...

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 Picks WIKA, PTPP, Japan’s Penta-Ocean to Develop Patimban Port

JAKARTA (TheInsiderStories) - Indonesia's Transportation Ministry has named two Indonesian companies PT Wijaya Karya Tbk (IDX: WIKA), PT PP Tbk (IDX: PTPP) and Japanese...

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...

Wijaya Karya Secures US$66 Million Loan for Land Acquisition

JAKARTA (TheInsiderStories) – State-owned construction company PT Wijaya Karya Tbk (IDX: WIKA) has secured Rp894 billion (US$66.22 million) from PT Bank Mandiri Tbk (IDX:...

WIKA Gedung to Offer 40 Per Cent to Public

At an Initial Price of Rp290-456 per Share JAKARTA (TheInsiderStories) – PT Wka Bangunan Gedung Tbk, a subsidiary of state-owned construction firm PT Wijaya Karya...