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These are the State-Owned Enterprises (SOEs) in the construction sector with the highest debt in the first quarter of 2023.

Adi Ahdiat 09/05/2023 17:59 WIB

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Waskita Karya is the state-owned construction company with the largest debt in the first quarter of 2023, both in nominal terms and as a proportion of its total assets.

Total Liabilities of State-Owned Enterprise Karya (Q1 2023)

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These are the State-Owned Enterprises (SOEs) in the construction sector with the highest debt in the first quarter of 2023.

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Total Liabilities of State-Owned Enterprise Karya (Q1 2023)

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"BUMN Karya" refers to state-owned enterprises (SOEs) operating in the construction sector.

Currently, four BUMN Karya parent companies are listed as public companies: PT Waskita Karya Tbk (WSKT), PT Wijaya Karya Tbk (WIKA), PT PP Tbk (PTPP), and PT Adhi Karya Tbk (ADHI).

Each of these BUMN Karya companies has substantial debt.

At the end of Q1 2023, WSKT had total liabilities or debt of Rp84.4 trillion, equivalent to 86% of its total assets of Rp98.2 trillion.

In the same period, WIKA had total debt of Rp55.8 trillion, equivalent to 76.7% of its total assets of Rp72.7 trillion.

PTPP's total debt reached Rp43.8 trillion, equivalent to 74.7% of its total assets of Rp58.7 trillion.

Meanwhile, ADHI's total debt reached Rp30.3 trillion, equivalent to 77.4% of its total assets of Rp39.2 trillion.

This data shows that WSKT had the largest debt among BUMN Karya in Q1 2023, both in nominal terms and as a proportion of its total assets.

WSKT's debt is currently under public scrutiny, as its President Director, Destiawan Soewardjono, was recently named a suspect in an alleged corruption case on April 27, 2023.

Destiawan Soewardjono is suspected of ordering and approving the disbursement of supply chain financing (SCF) funds using forged documents to pay off company debts arising from fictitious projects.

The investigation is still ongoing. To expedite the investigation, Destiawan Soewardjono has been detained at the Salemba Detention Center, Attorney General's Office branch, since April 28, 2023.

WSKT's management removed Destiawan Soewardjono from his position as President Director on April 29, 2023. His position will be temporarily filled by Mursyid, the Director of HCM, System Development and Legal at WSKT.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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These are the State-Owned Enterprises (SOEs) in the construction sector with the highest debt in the first quarter of 2023.

These are the State-Owned Enterprises (SOEs) in the construction sector with the highest debt in the first quarter of 2023.

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Related Data

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Tulungagung Regency, East Java Construction Cost Index Reaches 92.66 Points in 2025

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These are the State-Owned Enterprises (SOEs) in the construction sector with the highest debt in the first quarter of 2023.

These are the State-Owned Enterprises (SOEs) in the construction sector with the highest debt in the first quarter of 2023.

Tags

Related Data

Stock Performance of 5 Major Indonesian Banks Over the Past Year, BBCA Fell the Most

Stock Growth of Prajogo Pangestu's Issuers Over the Past Year, CDIA Soars 554%

Construction Cost Index of Southwest Sumba Regency, East Nusa Tenggara Reaches 92.26 Points in 2025

KUR Disbursement Slightly Decreases in 2025

Tulungagung Regency, East Java Construction Cost Index Reaches 92.66 Points in 2025

Number of Credit Cards in Indonesia in Q3 2025 Increased Compared to Last Year

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