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Danantara

Title: TOBA Prioritizes International Expansion Over Danantara Waste Project

by Priya Shah – Business Editor October 29, 2025

written by Priya Shah – Business Editor

TOBA Group has decided not to⁢ participate in the Danantara waste-to-energy ⁢(WtE) project in Batam, Indonesia, ⁣according to a statement released by the ⁢company’s leadership⁣ on ⁣June 18, 2025. ‌The decision comes as TOBA focuses on ‌expanding its renewable energy portfolio, specifically floating solar power ⁣plants.

The move impacts the planned 130 MW Danantara WtE facility, intended to process up ‍to 1,000 tons of waste daily adn generate electricity for the Riau⁤ Islands province.TOBA’s withdrawal⁢ underscores a strategic shift towards‍ solar energy investments, including the‌ Tembesi Batam Floating PLTS, a 46 MWp project ⁣currently under construction and slated for completion by mid-2026. This decision reflects a broader trend of energy companies‍ prioritizing renewable ‍sources and perhaps reassessing waste-to-energy ventures.

TOBA Group’s leadership has not disclosed specific reasons for declining involvement ⁤in the Danantara project, but emphasized the company’s commitment to its existing and planned floating solar initiatives. The company has been operating since early 2025.

October 29, 2025 0 comments

Business

Pelita Air & Garuda Merger: Pertamina’s Latest Update

by Priya Shah – Business Editor October 7, 2025

written by Priya Shah – Business Editor

Jakarta – Pertamina Director‌ Simon Aloysius provided an update⁢ Tuesday on the ongoing evaluation of a potential merger between Pelita Air and Garuda Indonesia,stating the process involves discussions with multiple stakeholders and consideration of restructuring business units outside⁢ of oil and gas.

“For others, we are all studies and meetings with and⁣ between related parties while walking while also, including those who are walking while ‌walking. So if such as it can be overtaken before 2025 might potentially be faster. So it is all parallel,” Simon said following ‌a⁤ presentation at the Sarinah⁣ Pavilion on October 7, 2025. ⁤He declined to specify the potential share ownership structure following a merger, stating, “We will ⁤see what the mechanism will be like.”

The potential merger⁤ aims to‍ improve efficiency ⁢and productivity within state-owned airline operations, ⁤according⁣ to Garuda Indonesia CEO Rosan Roeslani. “Yes, the point is to be⁣ more efficient, further increase productivity, and also optimize existing ‍assets,⁣ both in terms of flight hours and aircraft parts, and others.Again evaluated all,” Rosan said on September‍ 16.

Rosan ⁤confirmed the plan is still under review, with no ⁣final decisions yet made. The merger plan intends to optimize assets and increase airline productivity.

(Ara/Ara)

October 7, 2025 0 comments

News

House Seeks Danantara Investment to Reduce Fertilizer Imports

by Emma Walker – News Editor September 14, 2025

written by Emma Walker – News Editor

indonesia Eyes state ‍Fund to Revamp Fertilizer Industry, Reduce Import Reliance

Jakarta, Indonesia – ⁤The Indonesian House ⁣of Representatives is pushing for state asset fund Danantara to spearhead‍ a major overhaul⁢ of the country’s subsidized fertilizer system. The proposal, discussed during a ⁤joint working meeting on Thursday, centers on strategic investment in⁢ domestic fertilizer factories to substantially reduce Indonesia’s dependence on costly imports.

Currently,⁣ a staggering 60% of‍ components used in domestic fertilizer production are imported, a situation lawmakers say is inflating costs, disrupting⁢ supply chains, and ultimately burdening both farmers and the‍ national budget.

“Involving Danantara is⁣ a critical step toward achieving long-term production efficiency and affordability,” stated Herman Khaeron, deputy chairman of the House’s State Finance Accountability Committee (BAKN), following the meeting⁣ at the Senayan legislative Complex. he emphasized the urgent need for investment⁤ focused on “building or revitalizing fertilizer factories along with other investments.”

The move aims to create a more resilient and affordable ⁣fertilizer distribution chain by lessening reliance on expensive imports. According to ‌Khaeron, reducing the import percentage ⁤will directly‍ translate to lower costs for farmers and a more sustainable financial burden for the ‍state.

“If ‍this percentage can be ⁣reduced, the fertilizer distribution chain ‍will be more affordable, as dependence on [costly imports] can be ⁢reduced,” Khaeron explained, as reported by Bisnis.com on September 11th.

This initiative signals a⁣ growing commitment from Indonesian policymakers to strengthen domestic industries and achieve ‌greater self-sufficiency in key agricultural inputs. further details regarding the⁤ scale and scope of Danantara’s potential⁣ investment are⁢ expected to be released following the completion of the⁤ subsidized fertilizer governance review.

keywords: Indonesia, Fertilizer, Danantara, Import Reliance, Agriculture, Subsidies, State Finance, Investment,⁣ Domestic Production, Supply Chain.

September 14, 2025 0 comments

Business

Adhi LRT Phase II Funding: Private Sector Investment Sought

by Priya Shah – Business Editor September 8, 2025

written by Priya Shah – Business Editor

Jakarta – PT Adhi Karya (persero) Tbk (ADHI) is seeking private sector funding to advance construction of the Phase II Light Rail‌ Transit (LRT) project connecting Cibubur and Bogor. This move follows the triumphant completion and operation of the Jabodebek Phase I LRT, currently serving‌ routes between Cawang-Cibubur, Cawang-Dukuh atas, and East Cawang-Bekasi.

According to Adhi Karya President Director Entus asnawi,discussions are underway with the Directorate General of Railways‍ at the Ministry ⁢of Transportation (Kemenhub) and ⁢PT Kereta Api Indonesia (KAI) to secure the‍ necessary capital. The Jabodebek Phase II LRT project is authorized under Presidential Regulation (Perpres) Number 98 of 2015.”As this is a ‍Perpres,‍ we have also discussed with the Director General of Railways. We are jointly looking for funding ‌solutions for the construction of the second phase, involving funds outside ⁤the government to work ⁢together with KAI,” ⁣Entus stated during a virtual public expose on⁢ Monday (September 8, 2025).

Adhi Karya was assigned the construction of ‌the Jabodebek LRT in two phases through‌ the aforementioned Perpres. Currently, 44 km of the LRT ‍is operational, representing a project value of Rp 25.5 trillion. However, the company has only received Rp 23.3 trillion in state Capital ‍Participation (PMN) ‌for Phase I, leaving a Rp 2.2 trillion balance owed by the government.

“The first stage of ‌44 kilometers that we have built ‌and operate at this time is Rp 23.3 trillion. But at that time there was still a lack of funds,” entus explained.

Adhi Karya Finance Director Bani Iqbal anticipates resolving the outstanding government receivables related‍ to the Jabodebek LRT project by the end⁣ of the year,acknowledging that these receivables constitute the company’s‌ largest outstanding balance.”The biggest receivables at this time are from the LRT, which is still in the process of discussion with KAI, Ministry of Finance,⁣ and also and ‌between them for its completion. the target can be completed as soon as possible later this year,” Bani said.

September 8, 2025 0 comments

Business

KAI WHOOSH Debt: Solutions to Avoid China Loan

by Priya Shah – Business Editor August 23, 2025

written by Priya Shah – Business Editor

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KAI Seeks‍ Solutions⁤ to WHOOSH‌ Debt as China Loan Payments Loom

Table of Contents

KAI Seeks‍ Solutions⁤ to WHOOSH‌ Debt as China Loan Payments Loom

By world Today News Staff

Published: October 26, 2023

Jakarta – The substantial ⁤debt burden ‍associated‌ with the Jakarta-Bandung High-Speed Railway ⁣(KCJB), known⁣ as ⁢WHOOSH, remains a critical concern. ⁣PT Kereta⁢ Api Indonesia (Persero), or KAI, the majority shareholder, is actively exploring strategies to ⁢avoid defaulting on a⁤ multi-billion dollar loan from the China Development Bank (CDB).

Article Section: Business & Finance

Backstory: The‍ KCJB project, a flagship infrastructure initiative under‌ Indonesia’s ⁤Belt ⁢and road‍ Initiative⁤ partnership with China, has faced cost overruns ⁢and delays, leading to increased ‌debt obligations.This article examines the⁢ potential pathways KAI is considering to manage these financial⁣ challenges.

Debt Restructuring⁢ Options Under Consideration

Experts are advocating for a multi-pronged approach to address the WHOOSH‌ debt. ⁢ The⁢ Investment management ‌Agency (BPI) and Antara are already ‌assisting with potential debt restructuring, and ‌several options are⁢ being evaluated, ⁣according to University of Indonesia (UI) state-owned ‌enterprise (BUMN) observer, Toto Pranoto. These include regional development around stations, boosting passenger numbers on the WHOOSH‍ line, and attracting ⁣strategic investors‌ through partial divestment of government shares.

Pranoto believes that developing transit-oriented ‍development (TOD) areas is the⁤ most viable‌ solution for generating new‌ revenue⁤ streams beyond ticket sales. “As a notable ‍example, around the Halim station or other‌ stops, TOD ⁢projects could ⁤be undertaken by ‍consortium⁤ members like ⁤WIKA, who possess land access and ⁤concessions,” he explained.

Learning from the ⁤Japan⁣ Railways Model

Pranoto highlighted ‍the successful business model of Japan Railways East (JR-EAST).⁣ Contrary ⁣to common perception, JR-EAST derives the majority ⁤of its income not from train tickets, but from ‌the development⁢ and management of ‍surrounding areas, including shopping centers and commercial properties.

“JR-East’s consolidated income actually comes ‌mostly from regional management. Such concepts can be imitated to improve the KCJB cash flow,” Pranoto stated.
‌ ⁤ ⁤

This approach emphasizes creating a self-sustaining ecosystem around the railway infrastructure, ⁣diversifying revenue sources and reducing reliance on passenger⁢ fares.

The Scale ‍of the Debt

the financial pressure ⁢on KAI is important. Reports indicate that annual interest payments on the WHOOSH loan to China amount to approximately Rp2 trillion (approximately $130‍ million USD).⁣ This substantial financial burden underscores the urgency‌ of finding lasting solutions.

WHOOSH and Indonesia’s Infrastructure Future

The WHOOSH project represents⁤ a significant investment in indonesia’s‌ transportation infrastructure. Its success is crucial not only for KAI’s financial health but also⁤ for the broader economic development of ‌the Jakarta-Bandung corridor. The challenges faced by ‌WHOOSH highlight‌ the complexities‌ of large-scale ‍infrastructure ⁤projects financed⁣ through international loans, especially those involving significant‍ geopolitical considerations. Future infrastructure development will likely ‌require more robust financial planning and risk mitigation strategies.

Frequently Asked Questions about WHOOSH Debt

What is the primary concern regarding the WHOOSH train?: The main concern is KAI’s ⁢ability to repay the substantial loan from the China⁢ Development Bank used to finance the project.
What are the proposed solutions to address ⁤the WHOOSH debt?: proposed solutions

August 23, 2025 0 comments

Business

Luhut Urges Nephew to Lead with Heart at BPI Investment Role

by Priya Shah – Business Editor July 28, 2025

written by Priya Shah – Business Editor

Luhut Urges Nephew Pandu Sjahrir too Lead Investment Agency with Heart and Responsibility

Jakarta – Chairman of the National Economic Council (DEN), Luhut Binsar Pandjaitan, has issued a special charge to his nephew, Pandu Sjahrir, who has been appointed Chief Investment Officer (CIO) at the Investment Management Agency (BPI) Daya Anagata Nusantara (and Antara).Luhut implored Pandu to undertake this notable mandate with unwavering responsibility and genuine dedication.

The poignant message was delivered during the launch of the Indonesian Padi Kapas Foundation at the Indonesia Stock Exchange Building in Jakarta on Monday, July 28, 2025. during his address, Luhut fondly recalled his late brother-in-law, dr. Sjahrir, Pandu’s father, who passed away approximately 17 years ago. “if your father is watching from the sky now, he would say, ‘My son is also outstanding’,” Luhut remarked, eliciting warm laughter from the attendees.

luhut further highlighted Pandu’s tangible contributions to national progress, suggesting that his nephew has even surpassed his father’s legacy.”From my personal perspective, Ci’il (Dr. Sjahrir) was great, but I believe his child is even greater in this regard.Yes, you have achieved much, and it’s truly remarkable. This country is lucky to have young people like you,” he stated.

Emphasizing the gravity of Pandu’s role as CIO and Antara, Luhut underscored that it represents a profound trust placed in him by President Prabowo Subianto. He advised Pandu to not only rely on his intellect but also to cultivate strong character. “character is paramount. So, Pandu, I entrust you with this significant responsibility, a trust given by the President.Carry it out with your heart,not just with your intellect. Work with your heart,” Luhut urged.

Luhut expressed his firm belief that by approaching his duties with genuine commitment, Pandu would be able to achieve numerous positive outcomes. “If you work with your heart, you will be able to accomplish many good things,” he concluded.

July 28, 2025 0 comments

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