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whoosh

KPK opens graft probe into Whoosh high speed railway
Politics 4 months ago

PREMIUM
KPK opens graft probe into Whoosh high speed railway

The investigation into suspected corruption pertaining to the construction of Jakarta-Bandung high speed railway Whoosh has added pressure to the megaproject that is recently in hot water over debt financing.
Whoosh success about more than financial balance, says China
Economy 4 months ago

PREMIUM
Whoosh success about more than financial balance, says China

The Chinese government has made a statement regarding the debt of the Jakarta-Bandung high-speed rail (HSR) service Whoosh, saying its benefits go beyond key financials.
Whoosh, you are trapped
Editorial 4 months ago

PREMIUM
Whoosh, you are trapped

Regardless of official statements, the state budget has borne, and will continue to bear, the consequences of the initial miscalculation of the Jakarta-Bandung high speed railway.
Purbaya rules out budget help in resolving Whoosh debt
Regulations 4 months ago

PREMIUM
Purbaya rules out budget help in resolving Whoosh debt

The finance minister said the state budget should play no role in restructuring the high-speed railway’s credit as the state-owned enterprises involved were managed by state asset fund Danantara.
Danantara to restructure ‘substantial debt’ of Whoosh
Economy 7 months ago

PREMIUM
Danantara to restructure ‘substantial debt’ of Whoosh

The government has reiterated its commitment to accelerate the extension of the Whoosh Jakarta-Bandung line to Surabaya, despite experts' warnings that the train’s heavy losses could make the expansion a risky move.
Making Kertajati airport work: A test of political will
Academia 7 months ago

PREMIUM
Making Kertajati airport work: A test of political will

While political and institutional hurdles remain, strong political will and coordinated action can turn Kertajati into a viable gateway for West Java, Indonesia’s most populous province.
Government funding key to Surabaya expansion, says Whoosh operator KCIC
Regulations 8 months ago

PREMIUM
Government funding key to Surabaya expansion, says Whoosh operator KCIC

Though a preliminary study is underway on Whoosh's Surabaya extension as a necessary development, the question of who will foot the bill looms large, with the government insistent on not dipping into the state coffers and operator KCIC insisting it can't go it alone.
Jasa Marga pours Rp 116b into Whoosh to offset losses
Companies 8 months ago

PREMIUM
Jasa Marga pours Rp 116b into Whoosh to offset losses

According to KAI’s financial report, the Indonesian SOE consortium in Whoosh operation recorded Rp 4.19 trillion (US$258.97 million) in losses last year. 
Whoosh losses raise doubts over Surabaya extension
Regulations 8 months ago

PREMIUM
Whoosh losses raise doubts over Surabaya extension

The state-owned enterprises (SOEs) consortium involved in the operation of the Whoosh, PT Pilar Sinergi BUMN Indonesia (PSBI), recorded Rp 4.19 trillion in losses last year.
Govt says private investors eye Whoosh extension to Surabaya
Tech 8 months ago

PREMIUM
Govt says private investors eye Whoosh extension to Surabaya

Previously, National Economic Council (DEN) chairman Luhut Pandjaitan said a plan to extend the high-speed railway line to Surabaya was moving forward.
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