PT Sinar Graha Agung plans to develop residential after previously acquired two landbanks in Cikeas, Bogor of 15 hectares and in Cikembang, Sukabumi of 4.8 hectares. On this two landbanks, the company plans to launch housing products. For landbank in Cikeas, it will aim the middle upper segment with... [read more]

The Central Bureau of Statistics (BPS) reported that foreign visits dropped 87.44% year on year (YoY) in April, the lowest record as Covid-19 pandemic hits air travel hard. In April, foreign tourist visits reached 160,000, unseen in history as countries around the world imposed different degrees of... [read more]

PT Adhi Karya (Persero) Tbk states that the progress of the First Phase of Greater Jakarta LRT Project, as of 22 May 2020, has reached 71.2%. The detail of the progress including service line 1 of Cawang-Cibubur at 85.7%, service line 2 of Cawang-Kuningan-Dukuh Atas at 65.9% and service line 3 of Ca... [read more]

Sri Mulyani Indrawati, the Minister of Finance predicts economic growth in the second quarter of 2020 to reach 2.3% to minus 0.4% ranges during the physical distancing regulation (PSBB). To maintain economic performance, the government has increased the budget for National Economy Recovery Program (... [read more]

PT Lippo Cikarang Tbk (LPCK) achieved the total of Rp1.69 trillion revenue in 2019 or 23.3% less than in 2018 of Rp2.21 trillion. The decline was due to land non-recurring sales from Rp838 billion in the 2018 revenue to Rp65 billion in 2019. However, in general, the 2019 revenue increased 18.8% from... [read more]