Sinarmas Land Limited has acquired three property entities based in Indonesia with the total value of Rp347.77 billion. The three entities comprising PT Bumindo Repenas Jayautama (BRJ), PT Cibubur Permai Lestari (CPL) and PT Gunung Indah Permai Lestari (GIPL). By the end of September 2020, the net a... [read more]

Tanrise Property is developing a digital-based warehouse project named Tritanhub on a total land area of 1.8 hectares in Sidoarjo, East Java to meet the growing demand of digital business despite the on-going Covid-19 pandemic. The 146-capacity warehouse has the project value of Rp125 billion and it... [read more]

The Coordinating Board of Investment (BKPM) will implement the risk based Online Single Submission (OSS) the standard for business permits on 2 June 2021. In the Government Regulation Number 5 year 2021 regarding Risk Based Business Permit Application, the OSS system is divided into three subsystems... [read more]

PT Summarecon Agung Tbk. (SMRA) plans to obtain an additional funding from the rights issue. SMRA is preparing for the maximum of 3.6 billion shares or equivalent to 25% of its paid capital to strengthen its capital structure. SMRA has allocated Rp500 billion and it is expecting to obtain approximat... [read more]

The Ministry of Finance Sri Mulyani Indrawati stated that January 2021 realized state expenditure was at Rp145.8 trillion or 5.3% from the target in 2021 State Budget driven by capital expenditure, social aid and national economic recovery program (PEN). The realized central government expenditure p... [read more]