PT Pakuwon Jati Tbk. (PWON) through its subdisary, PT Pakuwon Permai, acquired Hartono Mall Yogyakarta, Marriot Yogyakarta Hotel and Hartono Solo Baru with the total transaction value of Rp1.366 trillion and 67.13% ownership as the buyer and PT Delta Merlin Dunia Properti as the seller. The reasons... [read more]

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]