The construction of Kertajati Airport Toll Access in Majalengka Regency, West Java has progressed more than 74% and it is aimed to be operational in November 2021. The project has completed the rigid pavement construction and drainage normalization sections. [read more]

The Investment Coordinating Board/Ministry of Investment reported the realized investment in the second quarter of 2021 at Rp 223 trillion or increasing by 16.2% from Rp 191.9 trillion in the same period last year. The investment realization comprised the domestic investment of Rp 106.2 trillion and... [read more]

Bank Indonesia (BI) decided on Thursday to hold its benchmark Seven Day Reverse Repo Rate (7DRRR) at a record-low of 3.5% to ensure financial stability as the outbreak of the Delta variant of the coronavirus compels investors to divert funds from developing to developed countries. BI also kept the d... [read more]

The Ministry of Agrarian Affairs and Spatial Planning/National Land Agency (ATR/BPN) has issued several Government Regulations (PP) as derivatives of Law No. 11 of 2020 concerning Job Creation (UUCK) to solve challenges in the property investment sector. The five new regulations include Right to Man... [read more]

PT Jaya Sukses Makmur Sentosa Tbk (Tanrise Property) targets for Rp 300 billion in marketing sales in 2021 by maximizing online marketing. In 2020, Tanrise Property recorded Rp 152 billion in revenue with the largest contribution coming from the townhouse and hotel segments. Despite the challenges d... [read more]