Lembaga Pengelola Investasi (LPI) or Sovereign Wealth Fund (SWF) also named Indonesia Investment Authority (INA) will be operational by the end of February or in early March 2021. Currently, it is establishing the INA Board of Directors, including Commissioners, Directors and Advisory Boards of worl... [read more]

The Central Bank of Indonesia (BI) is optimistic that Indonesia’s economy will recover and rebound in 2021 at 4.8% to 5.8% range with the support of improvement in all GDP components both in the expense category and business sectors (LU). In addition, the government spending is estimated to grow in... [read more]

PT PP Properti Tbk. is optimistic that residential sales in 2021 will grow at 10%-15% ranges with the marketing sales aimed to reach Rp1.38 trillion. One of the residential projects under development is Grand Kamala Lagoon (GKI) in Bekasi, West Java, residing on a total land area of 28 hectares. It... [read more]

PT Diamond Citra Propertindo Tbk. (Diamond) launched Apple5 Condovilla with a total investment of Rp300 billion. The handover of the 427-unit low rise apartment project is targeted in 2023. The project comprises five towers and it resides on a total of 3,400 square meters with each unit having a 5-m... [read more]

In 2020, PT Puradelta Lestari Tbk. (DMAS) recorded Rp2.39 trillion in marketing sales or 19% higher than its target for 2020. However, this achievement was 19.52% lower than the marketing sales in 2019 when it was recorded at Rp2.9 trillion. As of September 2020, DMAS recorded Rp1.38 trillion in mar... [read more]