The Finance Ministry aims to achieve Indonesia’s Gross Domestic Product (GDP) growth to reach by 6% in 2023 through the mid-term structural reform, starting with the state budget in 2022. The government will spend more on improving human capital and infrastructures, as well as bureaucratic and regul... [read more]

PT Puradelta Lestari Tbk. (DMAS) recorded its net profit in the first quarter of 2021 at Rp271 billion or increased by 407.3% from Rp53 billion in the same period last year. This profit margin was 50.7% higher than in the same period in 2020 of 49.6%. Meanwhile, its business revenue was recorded at... [read more]

PT Hutama Karya (persero) stated that the operational of Trans Sumatera Toll Road network (JTTS) lanes have reached 531 kilometers from the total length of 2,836 kilometers. Meanwhile, 534 kilometers of toll lanes have entered the construction phase and 574 kilometers in the toll management agreemen... [read more]

PT Lippo Karawaci Tbk. (LPKR) is confident that its property sales will grow by 30% this year after the implementation of several incentives from the government, including Tax Added Value incentive (PPN). In the first quarter of 2021, Lippo Karawaci recorded Rp1.31 trillion in marketing sales or inc... [read more]

PT PP Properti Tbk (PPRO) aims for Rp1.3 trillion of marketing sales in 2021 and Rp1.7 trillion in revenue. This year, PPRO has allocated Rp439 billion in capital expenditures for the development of hotels in Lombok, mall constructions and paid-capital of its subsidiaries. Currently, PPRO is focus o... [read more]