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Economy 8 months ago
PREMIUM
Govt faces hurdles in bridging infrastructure funding gap
The government is banking on corporate participation to bridge Indonesia’s infrastructure funding gap, but experts warn that strained finances of state-owned construction firms and the current reluctance of private investors to commit to large-scale projects may hinder progress.
Companies 9 months ago
PREMIUM
Daewoo reportedly plans to invest $1b in RI’s oil and gas, construction sectors
The South Korean company previously signed a memorandum of understanding for a project in the planned new capital city of Nusantara and secured a contract for piping at the BP-operated Tangguh LNG facility in West Papua.
Companies 1 year ago
PREMIUM
Adhi Karya seeks Rp 2t back pay from govt for Jabodebek LRT
Adhi Karya has asked the government to resolve almost $130 million in outstanding payments for the Greater Jakarta LRT project so it can meet its its obligations to vendors, an issue that has only been compounded by last month's sweeping budget cuts.
Companies 1 year ago
PREMIUM
Vendors of bankrupt SOE Istaka Karya demand Rp 786b in unpaid dues
An association named the "victims of SOE Istaya Karya" has urged lawmakers to fulfill the bankrupt construction firm's financial obligations to vendors, some of which have been waiting more than a decade to be paid.
