PT MRT Jakarta (Perseroda) aims to complete the construction of Phase 2 Jakarta Mass Rapid Transit (MRT) project of Bundaran HI-West Ancol line, which spans 11.8 kilometers, in 2028 with the investment of Rp32.5 trillion. PT MRT Jakarta (Perseroda) will also develop Phase 3 of Ujung Menteng-Kalidere... [read more]

The Ministry of Finance of the Republic of Indonesia recorded the 2020 State Budget (APBN) with Rp956.3 trillion deficit or equal to 6.09% of the Gross Domestic Product (GDP). However, the deficit is lower than the government’s outlook of 6.34% as amended by the President Regulation (Perpres) 72 Yea... [read more]

PT Puradelta Lestari Tbk. (DMAS) owns 1,276 hectares of land bank in Kota Deltamas as of 30 September 2020, comprising 406 hectares for industrial, 494 hectares for commercial and 377 hectares for residential. The industrial project of DMAS named Greenland International Industry Center (GIIC) reside... [read more]

PT Pakuwon Jati Tbk. (PWON) reported that its current occupancy rate remained in the safe level or above 90% for malls in Jakarta and Surabaya in its management. The visit number of PWON’s mall in Surabaya is also reported to return to its normal level between 85% and 90%. However, the number of vis... [read more]

Canada Pension Plan Investment Board and logistic specialist real estate company, LOGOS announced the establishment of a new modern logistics facility in the Greater Jakarta Area, Indonesia with the investment of US$200 million. This joint venture will develop a portfolio of facilities aiming for th... [read more]