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2 clusters · 12 sources · 24 days · First seen · Last updated

Indonesia Whoosh high-speed rail operations and financing

Overview

The Whoosh high-speed rail service, connecting Jakarta and Bandung, has seen significant growth in foreign ridership, particularly from Malaysia. Data from early September 2026 indicates that Malaysian travelers represent approximately 42.8% of all foreign passengers since the service began operations.

In October 2026, the Indonesian government initiated a transfer of the project’s debt to the Ministry of Finance. This restructuring involves the state-backed investment agency Danantara acquiring the share portfolio of PT Pilar Sinergi BUMN Indonesia, which holds a 60% stake in the rail operator PT Kereta Cepat Indonesia China (KCIC).

Entities

Pandu Sjahrir · KCIC · Danantara · HighPeak Energy, Inc. · Eva Chairunisa

Timeline

  1. [BUSINESS] 7 sources
    Danantara invests US$250 million in US energy firm HighPeak Energy

    Danantara Investment Management is investing US$250 million in Texas-based HighPeak Energy to secure assets in the Permian Basin and facilitate energy technology transfers to Indonesia.

  2. [BUSINESS] 6 sources
    Whoosh high-speed rail sees surge in Malaysian tourists

    Malaysian tourists represent the largest group of foreign passengers on Indonesia's Whoosh high-speed rail, accounting for over 42% of all foreign riders since the service began operations.

Sources

antaranews.com · bisnis.liputan6.com · bisniswisata.co.id · cnbcindonesia.com · dnaberita.com · infografis.sindonews.com · jurnas.com · katadata.co.id · mediaindonesia.com · megapolitan.okezone.com · senggang.republika.co.id · viva.co.id