PT Summarecon Agung Tbk achieved Rp80 billion from the sales of 63 Blue Crystal Residence units in Summarecon Mutiara Makassar, Makassar, South Sulawesi in five hours after the launch of its first phase. Most of the units were offered starting from Rp940 million to Rp2.3 billion and they were mostly... [read more]

The construction of phase I Patimban Port in Subang, West Java is expected to complete in October 2020 with the soft launching and the operational in November 2020. The Patimban Port will be facilitated with a toll road and railways. The project will be constructed in three phases and it currently h... [read more]

PT Makmur Berkah Amanda Tbk. (AMAN) is optimistic to achieve a better performance in 2020. AMAN has allocated approximately Rp30 billion in the capital expenditure this year and it aims to achieve Rp90 billion in revenue by the end of this year from its industrial estate business. Also, AMAN aims to... [read more]

Indonesia’s Nonperforming Loan ratio (NPL) is expected to increase until end of this year as the economy hit hard from the pandemic. The Indonesia Financial Services Authority (OJK) data showed the NPL ratio rising to 3.1% in June, higher than 3.01% recorded in May. The Non-Performing Financing (NPF... [read more]

The Central Bureau of Statistics reported that the Indonesia’s economy in the second quarter of 2020 contracted by 5.3% (YOY) and by 4.9% (qoq). It was the lowest since the first quarter of 1999 when it contracted by 6.13%. Cumulatively, the economic growth in the first semester of 2020 was recorded... [read more]