PT Perdana Gapuraprima Tbk. (GPRA) is confident that the business in 2021 will recover as the Covid-19 vaccination has started in line with the government’s policy to support the business performance in the property sector. GPRA allocates Rp200 billion in capital expenditure for its 2021 plan to foc... [read more]

The Ministry of Finance Sri Mulyani Indrawati projects that national economy in the first quarter of 2021 will range between minus 1% and 0.1% (yoy). Despite the annual contraction, this projection indicates a recovery from minus 2.19% yoy in the fourth quarter of 2020. [read more]

PT Intiland Development Tbk. (Intiland) has started the development of Tierra project, a new integrated develpment in the Segi Delapan Area, West Surabaya to anticipate the recovering property marketo. The mixed-use and high rise development resides on a total land area of 7.5 hectares and it integr... [read more]

The consortium of PT Angkasa Pura I (Persero), Incheon International Airport Corporation (IIAC) and PT Wijaya Karya (Persero) Tbk. plans to develop Hang Nadim Airport, Batam into a domestic and international cargo hub and the transit alternative for national airlines to explore specific cargo route... [read more]

Central Bank of Indonesia has decided to maintain the key interest rate at 3.5%, the lowest since the Seven-Day Reverse Repo Rate (7DRRR) was introduced in 2016, to protect the Rupiah exchange rate amid market uncertainty. BI also kept the deposit facility rate at 2.75% and the lending facility rate... [read more]