The government set the spending budget in the 2021 State Revenue and Expenditure Budget (APBN) at Rp2,705 trillion with the allocation of Rp1,032 trillion for 87 Ministries and Agencies (K/L) and Rp169.7 trillion allocated for medical budget to sustain the pandemic management, including the vaccinat... [read more]

The construction of Solo-Yogyakarta-NYIA Kulonprogo will soon start after the contract signing between PT Adhi Karya (Persero Tbk.) (ADHI) as the general contractor and PT Joyjasolo Marga Makmur as the project owner. ADHI will complete two construction packages, comprising Package 1.1 of the 22.3 ki... [read more]

Sinarmas Land and Hongkong Land has officially released a new cluster named Lyndon in the Nava Park Area, BSD City, Tangerang Regency. Since the launch in September, 35 units have been sold with 12 units of type 19 were sold at Rp30 billion per unit. It currently recorded an oversubscribe in the fir... [read more]

PT Jasa Marga Tbk. (JSMR) initiates the development of Patimban Access Toll Road project which spans 37.7 kilometers with Rp6.36 trillion in investment. Jasa Marga has already started the project in November 2020 in the planned site selection stage. Currently, JSMR is developing nine toll roads with... [read more]

PT Intiland Development Tbk. appointed PT Total Bangun Persada Tbk as the General Contractor of the SQ Res project in South Jakarta with a contract value of approximately Rp230 billion. The SQ Res is a mixed-use project, residing on a total land area of 1.3 hectares with 65% of the total area dedica... [read more]