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View all search resultsThe Corruption Eradication Commission (KPK) has detained the former president director of state-owned port operator PT Pelindo II, RJ Lino, in a move that marks progress in the long-running graft case that has been under investigation since 2015.
Container traffic at Indonesia’s biggest and busiest seaport, Tanjung Priok in North Jakarta, declined 5.13 percent year-on-year from January to February, but the port operator expects improvements with factories in China reopening.
The Patimban Port is being built by a consortium of five companies, which includes Japan's Penta-Ocean Construction, TOA Corporation, Rinkai Nissan Construction and state-owned construction companies PT Wijaya Karya and PT Pembangunan Perumahan.
PT Indonesia Kendaraan Terminal (IKT), a subsidiary of state-owned port company PT Pelabuhan Indonesia (Pelindo) II, is set to conduct an initial public offering (IPO), aiming to attain at least Rp 1 trillion (US$71.45 million) from the corporate action.
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