{
    "success": true,
    "data": {
        "id": 1334874,
        "msgid": "plns-losses-likely-to-widen-in-03-1447893297",
        "date": "2003-02-06 00:00:00",
        "title": "PLN's losses likely to widen in '03",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "PLN's losses likely to widen in '03 JAKARTA: Indonesia's state-owned electricity company, PT Perusahaan Listrik Negara (PLN), said Wednesday it recorded a net loss last year, which is expected to widen this year. PLN, responding in a written statement to a question from parliament, said it recorded an estimated Rp 5.62 trillion (US$638 million) net loss last year, swinging from a net profit of Rp 180.18 billion in 2001. It expects a net loss of Rp 8.96 trillion this year but didn't elaborate.",
        "content": "<p>PLN's losses likely to widen in '03<\/p>\n<p>JAKARTA: Indonesia's state-owned electricity company, PT<br>\nPerusahaan Listrik Negara (PLN), said Wednesday it recorded a net<br>\nloss last year, which is expected to widen this year.<\/p>\n<p>PLN, responding in a written statement to a question from<br>\nparliament, said it recorded an estimated Rp 5.62 trillion<br>\n(US$638 million) net loss last year, swinging from a net profit<br>\nof Rp 180.18 billion in 2001.<\/p>\n<p>It expects a net loss of Rp 8.96 trillion this year but didn't<br>\nelaborate.<\/p>\n<p>The government had planned to increase electricity bills by an<br>\naverage of 6 percent last month to help PLN's bottom line, but<br>\nnationwide street protests prompted the government to reduce the<br>\nscale of the hike to an average of 3 percent.<\/p>\n<p>PLN was hit hard by the rupiah's sharp fall during the 1997-98<br>\nAsian financial crisis because it sells electricity in rupiah<br>\nwhile it buys electricity from several independent power<br>\nproducers in U.S. dollars. -- Dow Jones<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/plns-losses-likely-to-widen-in-03-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}