Indonesia Nears $560 Million Rail Loan Deal with China

Rubber sector urges higher import duties

The All India Rubber Industries Association has reiterated its request for a higher import duty on rubber-finished products in order to advance the interests of local producers and farmers.

Shashi Singh, the President of AIRIA, stated that the decline in natural rubber prices is primarily attributed to oversupply on a global scale. He mentioned that countries like Thailand, Vietnam, Indonesia, Malaysia, and India have substantially augmented rubber cultivation to meet the demands of the automotive industry.

Singh outlined various factors influencing rubber prices, including d..

Indonesia's Waskita, Wijaya Karya Make Progress in Restructuring Talks

Indonesia's leading construction companies, Waskita and Wijaya Karya, have made significant progress in their restructuring negotiations. This development signals a positive turn in efforts to address financial challenges and chart a path forward for sustainable growth.

The advancement in restructuring talks between Waskita and Wijaya Karya reflects their commitment to resolving issues and revitalizing their operations. It underscores their determination to overcome financial hurdles and emerge stronger in the competitive construction industry.

As Waskita and Wijaya Karya move cl..

Indonesia's Waskita, Wijaya Karya Make Progress in Restructuring Talks

Indonesia's leading construction companies, Waskita and Wijaya Karya, have made significant progress in their restructuring negotiations. This development signals a positive turn in efforts to address financial challenges and chart a path forward for sustainable growth.

The advancement in restructuring talks between Waskita and Wijaya Karya reflects their commitment to resolving issues and revitalizing their operations. It underscores their determination to overcome financial hurdles and emerge stronger in the competitive construction industry.

As Waskita and Wijaya Karya move ..

NCLAT Halts ATS Projects' Insolvency

The National Company Law Appellate Tribunal (NCLAT) has intervened to halt the insolvency process of ATS Projects, a significant development in the ongoing legal proceedings. This decision comes amidst the insolvency proceedings initiated against ATS Projects, which had faced financial challenges in recent times.

The NCLAT's decision to halt the insolvency process reflects a significant development in the legal proceedings concerning ATS Projects. This intervention underscores the complexity of the case and the need for careful consideration of all aspects before proceeding further with..

IL&FS Seeks MMRDA Approval for Mumbai HQ Transfer

IL&FS (Infrastructure Leasing & Financial Services) has initiated steps to secure fresh approval from the Mumbai Metropolitan Region Development Authority (MMRDA) for the transfer of its headquarters in Mumbai. This move signifies the company's commitment to streamline its operations and realign its corporate infrastructure.

The decision to seek renewed approval from MMRDA comes amid IL&FS's efforts to optimise its resources and enhance operational efficiency. The proposed transfer of its headquarters reflects IL&FS's strategic real estate management approach aimed at consolidating its ..