The Finance Minister Sri Mulyani Indrawati stated that the state income as of November 2020 was recorded at Rp1,423 trillion or 15.1% year on year lower than in November 2019 when it was recorded at Rp1,676 trillion. This decline was due to Covid-19 pandemic which significantly hit commodities and e... [read more]

PT Symbiotik Multitalenta Indonesia (SMI) plans to break ground the NET 89 Tower office building project in mid 2021. To develop the Rp450 billion project, SMI will cooperate with PTI Architects. The project resides on a total land area of 8,000 square meters in the BSD City Business Center area, Ta... [read more]

Economic recovery prospect drives optimism among the property companies. PT Lippo Karawaci Tbk. (LPKR) plans to allocate approximately Rp4 trillion capital in 2021, higher than Rp2 trillion allocated in 2020. PT Ciputra Development Tbk. (CTRA) plans to allocate approximately Rp1 trillion, while PT P... [read more]

The Central Bank of Indonesia (BI) decided to keep the BI 7-Day (Reverse) Repo Rate (BI&DRR) at 3.75%, the lowest since April 2016. The deposit facility and lending facility interest rates were also kept at 3% and 4.5%, respectively. [read more]

PT Repower Asia Indonesia Tbk. (REAL) is confident to achieve Rp147.96 billion in marketing sales in 2021, following Indonesia’s government effort to vaccinate the population and recovery in several macro-economic indicators. REAL allocates Rp64.05 billion in capital expenditures. Currently, REAL ha... [read more]