The Central Bank of Indonesia (BI) estimated the national economy average growth this year in the 5.1%-5.2% range. This estimation is higher than last year’s estimation which reached 3.6%. The economic growth in 2021 was recorded in the 3.4% and 4% range with the average of 3.6%. [read more]

PT Pakuwon Jati Tbk (PWON) recorded a higher financial performance in the third quarter of 2021 with Rp 257 billion net profit or 117.8% annual growth and 12.9% quarterly growth. This performance was supporrted by its marketing sales which reached Rp 1 trillion with 87% of which obtained with the he... [read more]

PT United Tractors Tbk (UNTR) prepares US$ 750 million in capital expenditure or Rp 10.84 trillion this year. This fund will be allocated for business growth in 2022. As of the end of September 2021, UNTR recorded 24% increase in net revenue to Rp 57.8 trillion from Rp 46.5trillion in the same perio... [read more]

The property technology entity, Lamudi.co.id has acquired OLX property business unit. The acquisition included all existing property sales in OLX. By acquiring OLX Indonesia property business unit, Lamudi now owns more than 4.5 million unique visitors, 600,000 new monthly listings and generating mor... [read more]

The Ministry of Transportation (Kemenhub) aimed to complete the construction of Solo-Semarang Double-Rail Train Phase 1 Solo Balapan – Kalioso Segment by 2023, which will be the longest elevated railway in Indonesia. The project which will span a total of 10 kilometers spoor (Km’sp) will have 1.8 Km... [read more]