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View all search resultsPT Permodalan Nasional Madani (PNM) remains committed to supporting the development of micro and small businesses in Indonesia. Through the PNM Mekaar program, customers not only gain access to capital but also receive mentorship and opportunities to expand their markets. Now, the flagship products from PNM customers are officially available at ICY & SPICY and Crunchy Buddy stores, located in the Whoosh high-speed train service area, opening new opportunities for female entrepreneurs to reach a broader market.
The operator of the Jakarta-Bandung HSR, dubbed Whoosh, has distanced itself from the business competition watchdog's investigation into suspected collusion in a procurement tender to deliver imported EMU trains upon their arrival at Tanjung Priok.
We work closely in international and regional affairs, advancing China-ASEAN cooperation, maintaining peace and stability in the South China Sea, supporting the Palestinian national liberation cause and defending the common interests of the Global South.
Indonesian state-owned enterprises (SOEs) booked Rp 3.53 trillion (US$221.8 million) in losses related to the operation of the Whoosh high-speed railway in the first half of this year, according to a financial report released by state-owned railway company PT Kereta Api Indonesia (KAI).
Southeast Asia’s first HSR project cost around US$7.3 billion by the time of its completion, leaving state-owned enterprises (SOEs) involved in the project with a liability of $4.55 billion in debt taken out since 2017, plus another $560 million to cover a cost overrun last year, Reuters reported.
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