The Ministry of National Development Planning (PPN/Bappenas) states that there are 41 top projects included in the 2021 national economic recovery program. The program comprises the development of 10 priority tourism destinations, nine industrial estate out of Java and 31 smelters, 4.0 industries in... [read more]

PT Capri Nusa Satu Properti Tbk (CPRI) focuses on the completion of The Atuh Beach Resort in Nusa Penida Project as trend of the office sales and lease were declining due to the Covid-19 pandemic and the work from home (WFH) policy. One of the sectors to recover quickly is the tourism sector, thus C... [read more]

The homegrown hotel aggregator start-up named Airy will cease operations by the end of May as the Covid-19 pandemic hits the hospitality business. The hospitality and travel sectors have been the hardest hit by the pandemic, forcing more than 700 hotels in Indonesia to close as physical distancing a... [read more]

Due to the Covid-19 pandemic, PT Adhi Commuter Properti (ACP) recorded approximately Rp100 billion in marketing sales in the first quarter of 2020 from its vertical housing projects and thus dominated by the sales of its apartment units. The largest contributors were Cisauk Point – member of LRC Cit... [read more]

PT Pakuwon Jati Tbk (PWON) achieved an increase in its revenue growth during 2019 of 13.13% from Rp2.8 trillion in the previous year to Rp3.23 trillion. The growth came from Rp7.2 trillion for the net revenue, slightly higher than in 2018 when it was recorded atRp7.08 trillion. The company’s recurri... [read more]