PT Puri Global Sukses Tbk. (PURI) achieved Rp 5.52 billion in a net profit or increasing by 27.85% (yoy) from Rp 4.32 billion in the same period last year. A higher performance was also recorded in its revenue of Rp 26.73 billion or increasing by 15.5% (yoy). In the first quarter of 2020, PURI had a... [read more]

The Central Bureau of Statistics (BPS) recorded Indonesia’s trade balance with a surplus of US$ 2.36 billion or approximately Rp 33.89 trillion in May 2021. The May 2021 export recorded at US$ 16.60 billion or declining by 10.25% from exports in April 2021. Compared to May 2020, the exports increase... [read more]

The Ministry of Public Works and Public Housing (PUPR) aims to complete 19 toll roads of 427 kilometers in length by the end of 2021, totalling the length of 2,764 kilometers in Indonesia. Currently, the operating toll roads have reached 2,391 kilometers, including Suramadu. Since January until Apri... [read more]

The construction of Probolinggo-Banyuwangi (Probowangi) Toll Road with the total length of 172 kilometers will be completed in stages as its low traffic may burden the developers and to assure the return of investment. Another challenge also comes from the financial burden to have a required specifi... [read more]

Property developers recorded a strong recovery in marketing sales since the government implemented the tax incentives last March. PT Ciputra Development Tbk. (CTRA) recorded its marketing sales at Rp2.8 trillion by the end of May 2021 or increasing by 89% from May 2020 (yoy). PT Lippo Karawaci Tbk.... [read more]