PT Maha Properti Indonesia Tbk. (MPRO) records net profit in the third quarter of 2020 at Rp7.77 billion, despite lower revenue, improved from Rp884.4 million loss in the third quarter of 2019. MPRO records lower revenue, from Rp150.71 billion to Rp92.76 billion, especially from the apartment segmen... [read more]

The Ministry of Industry (Kemenperin) issued the Minister of Industry Regulation Number 30 Year 2020 regarding Industrial Estate Zonation Technical Criteria to increase the investment and regional development and economic growth. Currently, Indonesia has a total industrial land area of 611 hectares... [read more]

PT PP Tbk. (PTPP) is developing the Phase I of Batang Integrated Industrial Estate in Central Java on a total land area of 450 hectares. PTPP holds 35% of the total ownership of the industrial estate and the rest is held by PT Kawasan Industri Wijayakusuma and PT Perkebunan Nusantara (PTPN) IX. In t... [read more]

The construction of Solo-Yogyakarta-NYIA Kulonprogo will soon start after the contract signing between PT Adhi Karya (Persero Tbk.) (ADHI) as the general contractor and PT Joyjasolo Marga Makmur as the project owner. ADHI will complete two construction packages, comprising Package 1.1 of the 22.3 ki... [read more]

The government set the spending budget in the 2021 State Revenue and Expenditure Budget (APBN) at Rp2,705 trillion with the allocation of Rp1,032 trillion for 87 Ministries and Agencies (K/L) and Rp169.7 trillion allocated for medical budget to sustain the pandemic management, including the vaccinat... [read more]