Indonesian Finance Minister Purbaya believes the High-Speed Train (Whoosh) debt should be covered by Danantara.

The Indonesian government is scrambling to find a solution to the “ticking time bomb” of mounting debt facing a flagship ...

Minister Prasetyo said that the government is actively seeking a solution so that KCIC's Whoosh debt burden does not require ...

Despite the debt problem, the government does not budge on its plan to extend the high-speed train to the East Javan capital ...

Jakarta. Indonesia is weighing two strategic options to resolve outstanding debt from its $7.2 billion Jakarta-Bandung ...

Indonesia expects its $6 billion high-speed railway project connecting its capital Jakarta to the city of Bandung to be completed about two years later than initially scheduled, a deputy minister said ...

Indonesia's Investment Minister Rosan Roeslani on Wednesday said the government has entered into discussions with China about restructuring the debt of Indonesia's high-speed train company.

The Jakarta provincial government and the Ministry of Transportation have agreed to accelerate mass transit integration in ...