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View all search resultsWIKA
Opinion 2 years ago
PREMIUM
Analysis: WIKA to receive Rp 8 trillion cash injection despite fraud allegations
The State-Owned Enterprises (SOEs) Ministry has proposed to the House of Representatives an increase in state-capital injection (PMN) sfor SOEs to be disbursed in 2024 so that it would be able to bankroll cash-strapped PT Wijaya Karya (WIKA) that is currently under investigation for alleged manipulation of its financial reports. If agreed, the total PMN for this year would increase by Rp 24.04 trillion (US$1.61 billion), or 70 percent, from the initial budget of Rp 33.9 trillion to Rp 57.96 trillion.
Companies 3 years ago
PREMIUM
Consortium involving Incheon operator starts running Batam airport
A consortium with an investment value of Rp 6.8 trillion (US$ 462.4 million) has started work to operate and expand Hang Nadim International Airport and turn Batam, Riau Islands, into a regional travel hub.
