State electricity provider PT Perusahaan Listrik Negara (PLN) booked net loss of Rp18.49 trillion in the first nine months of 2018, skyrocketed 706.4% from the corresponding period last year, mainly due to margin pressures and huge loss in foreign exchange translation from falling rupiah. The government’s policy in capping coal price under domestic market obligation (DMO) helped in third quarter, but operating loss before electricity subsidy expanded by 165% in the period.To subscribe please click here