PT Summarecon Agung Tbk. (SMRA) aims to obtain Rp1.5 trillion to Rp2 trillion from its right issues before the end of first semester in 2021. In 2021, SMRA will allocate Rp500 billion of capital expenditures with the aim to meet its marketing sales target of approximately Rp3.5 trillion. It is expec... [read more]

The hospitality industry may continue its decline in the second quarter of 2021 despite the on-going vaccination program and after the travel easing in some countries. The data from the Central Bureau of Statistics showed that the hotel occupancy in Indonesia was at 30.35% with the average room rate... [read more]

To accelerate the economy growth in the second quarter of 2021, the government prepares two new incentives. The first one is the luxury tax discount (PPnBM) for cars within the range of 1,500 cc and 2,500 cc capacities. The second one is the Rp400 billion credit incentive for micro, small and medium... [read more]

The Cileunyi-Sumedang-Dawuan (Cisumdawu) Toll Road of 60.10 kilometers in length will link to Kertajati Airport Access Toll by the end of 2021. The physical construction completion of the connecting infrastructure will support the International Kertajati West Java Airport (BIJB). Currently, the Sect... [read more]

PT Pengembangan Pariwisata Indonesia (Persero) or the Indonesia Tourism Development Corporation (ITDC) aims to complete the construction of Pullman Hotel in the Mandalika Special Economic Zone, The Mandalika, Lombok, West Nusa Tenggara in 2021. The Mandalika is one of the five Super Prioritized Tour... [read more]