PT Bekasi Fajar Industrial Estate Tbk. (Befa) is optimistic to sell approximately 10-15 hectares of industrial land in 2020. Befa projects its performance to be moderate in 2020 and it revises the sales target with the average prices of Rp2.6 million-Rp3.2 million per square meter. In 2019, Befa rec... [read more]

Trade balance in January - July 2020 was recorded with surplus. According to data from the Central Bureau of Statistics (BPS), the trade balance was recorded with US$8.75 billion surplus. This surplus was contributed by July 2020 trade surplus of US$3.26 billion when export was recorded with 14.33%... [read more]

PT Modernland Realty Tbk. campaign “Promo Merdeka” to boost sales in the moment of Indonesia’s 75th Independence Day. Discounts are given for ready to build land plot up to Rp3 billion and houses up to Rp1.1 billion in the Kota Modern in Tangerang City and Modern Hill in Pondok Cabe, South Tangerang... [read more]

PT Jasamarga Related Business (JMRB) will expand its property development via its Toll Corridor Development concept. JMRB will develop the TCD concept around the Jakarta Outer Ring Road (JORR) and Jagorawi Toll Road. In its business, JMRB will collaborate with strategic investors and large-scale dev... [read more]

Fitch Ratings put PT PP Property Tbk. (PPRO) rating from BBB- to CCC. Currently, PPRO has the options to liquidates its banking facility of Rp751 billion while also applying to issue MTN funding instrument of Rp850 billion to the Indonesia’s Financial Services Authority (OJK) planned for October 202... [read more]