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waskita-karya

Front Row 3 years ago

Waskita Karya introduces the art of journalism to Surabaya students

PT Waskita Karya (Persero), an Indonesian state-owned construction company, enlisted the help of The Jakarta Post to lessen its concern for the world of education and writing. On Tuesday (22/11/2022), students of SMAN 5 Surabaya in East Java were offered a free journalism class.

Editorial 3 years ago

Let INA be sovereign

If the INA hopes to attract massive amounts of foreign direct investment (FDI), its projects must be attractive in themselves,

Companies 3 years ago

PREMIUM
Waskita Beton Precast gains creditor approval for debt-restructuring plan

Waskita Beton Precast (WSBP), a subsidiary of state-owned construction firm Waskita Karya, has cleared the path to restructure its Rp 8.8 trillion ($539.7 million) debt after a majority of creditors backed the company’s proposal.

Business 4 years ago

PREMIUM
Waskita inks deal to restructure $2 billion in loans

State-owned construction company has secured a restructuring deal with 21 banks for a total of Rp 29.2 trillion in loans.

Business 4 years ago

PREMIUM
Waskita signs major loan restructuring deal

State-owned construction company PT Waskita Karya has reached a Rp 19.3 trillion loan restructuring agreement with five creditors to alleviate its debt after booking a deep net loss in 2020 due to COVID-19.

Business 5 years ago

Waskita secures BBB+ rating for bonds, expects Rp 35t project revenue in 2020

The company has collected Rp 12.5 trillion from infrastructure project payments in the first half of 2020, mostly from turnkey projects.

National 5 years ago

Former Waskita Karya officials arrested for alleged embezzlement

The five suspects signed contracts to allocate funds for fictitious projects but allegedly kept the money for themselves.

Business 5 years ago

Govt owes construction SOEs Rp 5.6t for land acquisition expenses

Three state-owned construction companies, PT Waskita Karya, PT Hutama Karya and PT Wijaya Karya, are seeking repayments from the government for Rp 5.6 trillion (US$390.9 million) in accumulated land acquisition expenses for infrastructure projects.

National 5 years ago

Presidential spokesperson appointed commissioner of SOE Waskita Karya

Fadjroel, a former human rights and prodemocracy activist, has been a staunch supporter of President Joko “Jokowi” Widodo, having volunteered for Jokowi’s first presidential campaign in 2014.

Business 6 years ago

PREMIUM
Construction SOEs cut revenue targets amid delays in government projects

State-owned construction companies are also actively seeking to secure contracts for long-term projects.

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