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Companies 1 year ago
PREMIUM
Indonesian Whoosh consortium posts Rp 3.5 trillion H1 loss
Indonesian state-owned enterprises (SOEs) booked Rp 3.53 trillion (US$221.8 million) in losses related to the operation of the Whoosh high-speed railway in the first half of this year, according to a financial report released by state-owned railway company PT Kereta Api Indonesia (KAI).
Regulations 1 year ago
PREMIUM
Erick proposes Rp 44t in state capital injection for SOEs next year
The SOEs minister has proposed state capital injection totaling just over US$2.7 billion for next year, the bulk of which is intended to save toll road projects helmed by heavily indebted state-owned developers.
Regulations 2 years ago
PREMIUM
Lawmakers deny PLN’s request for $651m, citing poor business plan
Lawmakers have rejected state-owned electricity firm PLN’s request for Rp 10 trillion (US$651.4 million) in public funds for the improvement of the country’s energy infrastructure, pointing to a lack of clarity on the utility’s priorities and use of funds.
Companies 3 years ago
State-run developer ADHI to launch rights issue to fund strategic projects
PT Adhi Karya (ADHI) is seeking to raise trillions of rupiah in a rights issuance scheduled for October to finance the state-owned firm’s infrastructure projects, including a toll road linking Yogyakarta to its nearby international airport.
