PT Wijaya Karya Bangunan Gedung Tbk (WEGE) or Wika Gedung recorded a net profit of Rp82.88 billion in the first quarter of 2020 or an increase of 6.64% from the same period last year of Rp77.71 billion. This growth was contributed by the increase of revenues from the other joint venture profit of Rp... [read more]

Amidst the Covid-19 pandemic, property developers are confident to market their products, showing that the property sector has the potential to grow. PT Intiland Development Tbk markets its SQ Res Apartment project in South Jakarta with sizes starting from 30 square kilometers priced at Rp1.1 billio... [read more]

Indonesian Payment Balance (NPI) for the second quarter of 2020 is predicted to be better than in the first quarter when deficit was recorded at US$8.54 billion, in line with the growth of foreign exchange reserve (cadev) as of May 2020. The reserve in May 2020 grew US2.62 billion to US$130.5 billio... [read more]

The Coordinating Minister of Economic Affairs, Airlangga Hartarto, estimates Indonesia’s economy in the second quarter of 2020 to contract due to the Covid-19 crisis. However, the government aims to achieve 0.5%-3% growth by the end of 2020 and 2.97% in the first quarter. Moreover, the International... [read more]

The sales of several projects from PT Agung Podomoro Land Tbk (APLN) in suburban areas were growing since the Covid-19 pandemic, in line with the growing interest of consumers for natural green concepts. APLN recorded the total of Rp120 billion in marketing sales last May. Currently, APLN is develop... [read more]