PT Pakuwon Jati Tbk. (PWON) allocates Rp1.1 trillion in capital expenditures in 2021 to fund property development projects, property renovations and land acquisitions. PWON prepares Rp100 billion for the renovation and shopping center developments in Yogyakarta and Solo as the retail mall sector is... [read more]

PT Surya Semesta Internusa Tbk. (SSIA) aims Rp942 billion in marketing sales from its property units this year, taken from the sales projection of 60 hectares of industrial estate in Karawang and Subang Smartpolitan Industrial Estate, Subang. The revenue was also projected to grow within the 15%-20%... [read more]

Lembaga Pengelola Investasi (LPI) or Sovereign Wealth Fund (SWF) also named Indonesia Investment Authority (INA) will be operational by the end of February or in early March 2021. Currently, it is establishing the INA Board of Directors, including Commissioners, Directors and Advisory Boards of worl... [read more]

The Central Bank of Indonesia (BI) is optimistic that Indonesia’s economy will recover and rebound in 2021 at 4.8% to 5.8% range with the support of improvement in all GDP components both in the expense category and business sectors (LU). In addition, the government spending is estimated to grow in... [read more]

PT PP Properti Tbk. is optimistic that residential sales in 2021 will grow at 10%-15% ranges with the marketing sales aimed to reach Rp1.38 trillion. One of the residential projects under development is Grand Kamala Lagoon (GKI) in Bekasi, West Java, residing on a total land area of 28 hectares. It... [read more]