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Business 16 Apr 2021 | 7:00 AM

Cash-tight construction firm Waskita set to divest two toll roads

JAKARTA: PT Waskita Karya, Indonesia’s top state-owned construction firm, is set to sell its shares in two toll roads this year to state-owned infrastructure financier PT Sarana Multi Infrastruktur (SMI) to raise capital and pay off debt.

Business 19 Mar 2021 | 7:00 AM

Bank Indonesia holds rates steady

JAKARTA: Indonesia’s central bank left its benchmark interest rate unchanged and pledged greater efforts to stabilise a currency that’s weakening amid global market volatility and rising US yields.