Toll Road Management Agency reported that the 34-kilometer construction progress of Cibitung-Cilincing Toll Road has reached 82.4% and the investment value of Rp4.22 trillion. The construction of the project which will connect the industrial areas in Cikarang and Tanjung Priok Port is expected to be... [read more]

Winner Group is optimistic that property sector will recover by launching a number of new projects in Sumatera and Kalimantan in early 2021. Winner Group together with Sapta Group and Pitu Mas (PAM) Group through its subsidiary PT Karya Bersama Anugerah, Tbk. will develop two projects in different l... [read more]

PT Bakrieland Development Tbk. (Bakrieland) will soon start the construction of Jade Tower in Sentra Timur Residence (STR). The groundbreaking is planned for the first semester of 2021. The 24-story Jade Tower is one of the 11 towers within the STR integrated area. The Jade Tower has a total land ar... [read more]

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]