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Search result with “Kcic Debt” as a keyword founded 29 news.
Malaysians Buy 1,150 Whoosh High-Speed Rail Tickets a Day
... operator Kereta Cepat Indonesia China (KCIC) said Monday. Since Whoosh ... of foreign Whoosh users,” KCIC General Manager Corporate Secretary Eva ... a limited amount of time.” KCIC said growing Malaysian ridership has ... to Settle $7.3 Billion Whoosh Debt to ChinaLifestyle Sep 15, 2026 | 8:55 am
Indonesia Woos China to Keep Funding Whoosh Train
... diplomatic meeting. The Chinese train debt was no exception. Indonesia ... been trying to renegotiate the debt, while also looking for ... financing vehicle to settle the debt. This vehicle will also ... controlling stake in Whoosh’s operator KCIC by mid-September. In a ...Business Aug 21, 2026 | 4:07 pm
Indonesia Finalizes Restructuring Plan for China Train Debt
... that it had finalized its debt restructuring plan for the ... been trying to solve the debt problem hanging over the $7.3 ... venture Kereta Cepat Indonesia-China (KCIC). PSBI — a consortium of four ... talks with China over the debt, although the discussions were ...News Apr 8, 2026 | 9:16 am
Indonesia, China Discuss Whoosh Train Debt by Video Calls, Says Rosan
... the burgeoning Chinese train debt were ongoing, but the ... by Kereta Cepat Indonesia China (KCIC), a joint venture owned by ... debt as the rail operator is the majority shareholder in PSBI. KCIC ... highly anticipated comment on the debt, saying that the project's ...Business Feb 2, 2026 | 9:33 am
Indonesia to Form Committee on China-Backed Train Ahead of Surabaya Expansion
... derailed by mounting Chinese debt, amidst plans to expand ... has been preoccupied with the debt hanging over the $7.3 ... venture Kereta Cepat Indonesia-China (KCIC). PSBI — a consortium of ... : Danantara Drafts China Train Debt Proposal Ahead of Beijing Talks ...News Jan 21, 2026 | 3:10 pm
Danantara Drafts China Train Debt Proposal Ahead of Beijing Talks
... hefty fast-train train debt, according to the sovereign ... Jakarta seeks to make the debt more manageable. Danantara’s ... billion. Kereta Cepat Indonesia China (KCIC), a joint venture led by two ... responsibility” for the Whoosh debt problem. The retired army ...Business Nov 26, 2025 | 2:43 pm
KAI Says Extending Whoosh Train to Banyuwangi Isn’t A Pipe Dream
... upbeat that extending the debt-ridden Whoosh high-speed ... the Kereta Cepat Indonesia China (KCIC), a joint venture of Indonesian ... hefty Chinese debt. “There is nothing wrong with KCIC. It really ... China to restructure the debt. Being the majority shareholder ...Business Nov 12, 2025 | 3:58 pm
Gov't to Share Whoosh Financial Burden as Project Struggles with China Loan Repayments
... which continues to face heavy debt from China, a senior ... absorb Whoosh’s multibillion-dollar debt to the Chinese government. ... ’s debt. Whoosh is managed by Kereta Cepat Indonesia–China (KCIC), ... Need Years Before Turning Profit KCIC reported a Rp 1.6 trillion ...Business Nov 5, 2025 | 11:29 pm
Prabowo Says He'll Take Responsibility for Mounting China Train Debt
... for the mounting Chinese debt that had derailed the ... with China about restructuring the debt. Finance Minister Purbaya Yudhi ... the $7.3 billion Whoosh costs. KCIC, the Chinese-Indonesian joint venture ... 60 percent stake within the KCIC. Like all other state-owned ...Business Nov 4, 2025 | 3:21 pm
Prabowo Summons Chief Minister AHY and Former Minister Jonan to Discuss Whoosh Debt
... the widening controversy over debt payments tied to the ... the meeting discussed the debt controversy surrounding the line, ... the restructuring of the debt. Danantara couple of weeks ... Director Bobby Rasyidin said KCIC supports the Corruption Eradication ...News Nov 3, 2025 | 8:16 pm
KPK Signals No Immunity in Whoosh High-Speed Rail Probe
... to discuss the project’s debt structure, Chief Economic Affairs ... question: how the jumbo debt, plus roughly Rp 2 ... wealth fund overseeing the KCIC consortium. Danantara executives say ... exploring options, including potential debt tenor extensions currently on ...News Nov 1, 2025 | 12:11 pm
Whoosh High-Speed Rail Ridership Rises 6.3% in 2025
... than 12.2 million passengers. KCIC Corporate Secretary Eva Chairunisa ... cost overruns and mounting debt. KAI said annual interest ... loan amid concerns the debt could strain government finances. ... Read More: Indonesia Plans Debt Renegotiation With China Over Whoosh ...News Oct 30, 2025 | 2:11 pm
KPK Reviews Graft Allegations in Whoosh Train Project
... cooperate fully with investigators. “KCIC respects all legal processes ... overruns, delays, and mounting debt. KAI reported that its ... to restructure the project’s debt gradually. Indonesia financed 75 ... cost overruns and mounting debt could strain the government’s ...News Oct 29, 2025 | 11:56 am
Purbaya Backs Jokowi’s View on Whoosh Project Benefits
... budget. “Its financing and debt obligations are now fully managed ... the Kereta Cepat Indonesia China (KCIC) consortium, connects Jakarta and ... criticism over the project’s debt load after years of cost ... Danantara Says China Train Debt Talks Still Ongoing as Luhut ...News Oct 29, 2025 | 11:11 am
Jokowi Justifies Costly Whoosh Train as Long-Term Public Benefit
... Danantara Says China Train Debt Talks Still Ongoing as Luhut ... questions over the project’s debt structure and financial viability. ... The Kereta Cepat Indonesia China (KCIC) consortium operates Whoosh. It ... the largest share of the debt burden, must pay around ...News Oct 27, 2025 | 4:03 pm
Danantara Says China Train Debt Talks Still Ongoing as Luhut Claims 60-Year Term Deal
... Thursday that the China train debt talks were still ongoing, ... used to pay off the debt]. We will decide on ... to Dony, the train’s operator, KCIC, has registered “a positive operational ... , which reached a whopping $1.2 billion. KCIC bankrolled 25 percent of the ...Business Oct 23, 2025 | 7:30 pm
KPK Invites Citizens to Report Possible Whoosh Corruption
... Solution to China Train Debt by End-2025 National ... Roeslani to manage the project’s debt gradually. Whoosh operator Kereta ... venture with China, with debt payments exceeding annual revenue. ... Kereta Cepat Indonesia China (KCIC) consortium carries 20,000–30 ...News Oct 22, 2025 | 3:56 pm
Indonesia to Decide on Solution to China Train Debt by End-2025
... the Chinese government on the debt restructuring. Rosan, too, admitted ... Operating the rail is the KCIC joint venture, whose 60 ... a presidential decree on the debt, according to his senior ... a 3.4 percent annual interest rate. KCIC covered 25 percent of the ...Business Oct 17, 2025 | 1:19 pm
Luhut Stands by Whoosh Project as Danantara Faces Pressure to Repay China Debt
... vital public infrastructure despite mounting debt concerns. “There is no ... Danantara, to manage the debt in stages. “I’ve spoken ... annually to help service the debt, which he said generates ... ,000–30,000 passengers daily, KCIC remains unprofitable, reporting a Rp ...Business Oct 16, 2025 | 9:32 pm
Danantara Still Searching for Best Way to Settle China Train Debt, No Talks with Purbaya Yet
... shoulder the multi-billion-dollar debt, Rosan slammed the minister’s ... the government acquire parts of KCIC’s infrastructure or injecting equity ... to take care of the KCIC debt problem on its own. “ ... the debt. The Indonesian side holds on to 60 percent of KCIC ...Business Oct 14, 2025 | 5:01 pm
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