Tue, 14 Nov 2006
State-owned toll road firm PT Jasa Marga said it has postponed a planned Rp2 trillion ($219.6 million) initial public offering to the first quarter of 2007.

The firm said in September it planned to list 15% of its shares on the Jakarta Stock Exchange in November to raise funds to finance the construction of some toll roads. But a company official said on Wednesday (8/11/06) it has yet to receive parliamentary approval for the offering, Reuters reported.

The firm, which controls more than 75% of the country's toll roads, plans to build three toll roads as part of government efforts to improve the country's creaking infrastructure.
Jasa Marga president director Frans Sunito said the company needs Rp4 trillion to finance the toll road projects on Java next year. "Part of the funding will come from the IPO, which will be done in the first quarter of 2007," Sunito said.

He said the company expects to raise Rp1.5 trillion to Rp2 trillion from the IPO while the rest would come from loans.



News Search/Filter
Transaction Rates
17 Oct 17
Buy
Sell
AUD1
10,976.55
10,188.06
BND1
10,327.77
9,588.13
BTC1
75,120,567
75,120,567
CAD1
11,162.53
10,363.81
CHF1
14,326.68
13,297.16
CNH1
2,120.18
1,968.33
DKK1
2,213.71
2,054.86
EUR1
16,478.82
15,297.02
GBP1
18,536.75
17,207.85
HKD1
1,791.48
1,663.38
JPY100
12,482.16
11,587.87
LAK1
1.69
1.56
NOK1
1,768.54
1,641.08
NZD1
10,028.03
9,306.04
PGK1
4,525.77
3,987.93
SEK1
1,724.16
1,600.38
SGD1
10,327.77
9,588.13
THB1
422.91
392.45
USD1
13,990.00
12,990.00
VND1
0.62
0.57
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services