Indonesia’s economy in the fourth quarter improved after in the second quarter contracted by 5.32% and in the third quarter improved with less contraction at -3.49% due to the National Economic Recovery (PEN) program from the government of Rp695.2 trillion budget. The government will continue the PE... [read more]

PT MNC Land Tbk. (KPIG) records improving financial performance in the third quarter of 2020 from its hospitality business and the lifestyle and entertainment property line with net profit recorded at Rp186.4 billion and Rp519.5 billion revenue. As of September 2020, MNC Land’s asset has grown to Rp... [read more]

PT Pakuwon Jati Tbk. through its subsidiary PT Pakuwon Permai, inaugurates The Westin Surabaya, its second five-star-hotel in the Pakuwon Mall Surabaya area after the opening of Four Points Hotel in December 2019 and its fourth five-start-hotel in its portfolio which is also its six collaboration wi... [read more]

PT PP Properti Tbk. (PPRO) recorded Rp700 billion in marketing sales as of November 2020 from the sales of Grand Kamala Lagoon in Bekasi and Grand Sungkono Lagoon in Surabaya. The realized sales were significantly less than Rp2.27 trillion, the realization in 2019. PPRO also revised the 2020 revenue... [read more]

PT Surya Semesta Internusa Tbk. (SSIA) continued the development of Subang Metropolitan Surya Semesta Project. In the first phase, SSIA will develop 400 hectares of land area while the hand over is planned for the first quarter of 2023. In the future, SSIA will acquire 2,700 hectares of land area of... [read more]