The Ministry of Transportation will add 26 sea toll routes in 2021 and 30 routes in 2022 with the budget allocation of Rp435 billion. Several sea-toll bases include Tanjung Priok, Tanjung Perak, Teluk Bayur, Makassar, Bitung, Merake, Biak dan Timika. As of May 2021, 26 sea toll routes recorded a tot... [read more]

The Special Economic Zone (KEK) Batam Aero Technic (BAT) and KEK Nongsa Digital Park (NDP) on Batam Island, Riau Island Province (Kepri) aims to secure up to Rp 23.2 trillion in investment with each reaching Rp 7.2 trillion and Rp 16 trillion, respectively. The two KEKs are brown field projects in n... [read more]

Based on the report in June 2021 named “Global Economic Prospects,” the World Bank forecast that the global economy in 2021 will grow by 5.6% after contracting at minus 3.5% in 2020 with the inflation at 3.9% from 2.5% in 2020. Specifically, the Indonesian economic growth in 2021 is estimated at 4.4... [read more]

PT Summarecon Agung Tbk, launches its latest commercial project with the groundbreaking of Summarecon Villagio Jakarta Luxury Outlet (SVJLO) in the Summarecon Emerald Karawang area. SVJLO is planned to be opened in 2022 as a fashion destination, comprising various international and local brands by a... [read more]

By the end of the first quarter of 2021, PT Pakuwon Jati Tbk (PWON) recorded its marketing sales at Rp 427 billion or accounting for 30.5% of its marketing sales target for 2021 of Rp 1.4 trillion. Based on its 31 March 2021 financial report, PQON recorded Rp 1.11 trillion in revenue or declining by... [read more]