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View all search resultsThe government will inject US$1.34 billion of state capital injection to state-owned construction Hutama Karya (HK) and Wijaya Karya. It also plans to transfer ownership of Waskita Karya to HK.
The State-Owned Enterprises (SOEs) Ministry says it plans to request an additional Rp 25 trillion (US$1.68 billion) from state coffers this year to aid several state-run construction firms, many of which are burdened by debt.
Publicly listed PT Waskita Karya recorded an extra Rp 3 trillion (US$201 million) of revenue in 2022 compared with the previous year but its net loss swelled by a considerable margin for the full-year figure.
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