Backgrounder

Mounting losses put construction SOE consolidation to the test 5 hour ago

Indonesia’s largest state-owned construction firms – Wijaya Karya (Wika), Pembangunan Perumahan (PP), Adhi Karya (Adhi) and Waskita Karya (Waskita) – have sunk deeper into financial distress, posting a combined loss of around Rp 28 trillion (US$1.7 billion) in 2025. Far from incide

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Mounting losses put construction SOE consolidation to the test April 17, 2026

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Investment

North Kolaka courts investors in Surabaya to boost cocoa, coconut downstream industries April 16, 2026

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Travel

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Backgrounder

Mounting losses put construction SOE consolidation to the test April 17, 2026

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