The Ministry of Public Works and Housing sets to finish 28 toll road projects (482 km) this year. Three of them have undergone feasibility test and are ready for use for the upcoming Eid al Ftr holiday. The toll road including Manado-Bitung toll road section 1, Pekanbaru – Dumai toll road and Kayu A... [read more]

The decline in hotels and tourism resorts visits due to corona virus continues. One of the decline was recorded by PT Dafam Hotel Management, a subsidary of PT Dafam Property Tbk (DFAM) who recorded 15% decline. [read more]

The Central Bureau of Statistics reported that Indonesia recorded a US$2.34 billion trade surplus in February thanks to higher manufacturing exports despite disrupted trade activities with China as a result of the COVID-19 pandemic. Indonesia recorded a total of $13.94 billion in exports in February... [read more]

Some developers continue to work on their projects in Bogor, Tangerang, Bekasi (Botabek) areas despite a sluggish recovery of the property market. Modernland Realty launches a new shophouse area named Kingshop while MAS Group, through PT Mekar Agung Sejahtera, launches its latest product called Brit... [read more]

PT Makmur Berkah Amanda Tbk. (AMAN) Revised its revenue target his year from Rp120 billion to Rp90 billion due to the sentiment from corona virus. This cut is in line with the effect of virus corona outbreak to its subsidiary, PT Makmur Berkah Amanda Hotel whose occupancy rate in the current month i... [read more]