Given the national high expenditure and a decline in revenue target, it resulted a deficit of 5.7% from the Gross Domestic Product (GDP) in the 2021 state budget.  The total deficit in 2021 Stage Budget Draft was driven by several aspects, including the increase of Rp35.2 trillion in the funding all... [read more]

PT Modernland Realty Tbk. (MDLN) signed the MoU agreement with PT Centrin Online Prima to develop the internet network in Modernland Cilejit, a project designed to be a Smart City. Modern Cilejit is planned to be a premium area on 1,000 hectares of land area with complete infrastructures, including... [read more]

The Ministry of Finance reported that the tax revenue in the second quarter or the period of April-June 2020 reached Rp531.71 trillion, or 44.35% of the target in the Presidential Regulation 72/2020. While according to the 2020 State Budget, tax revenue reached 32.37%. The budget realization as of 4... [read more]

Property companies decided to postpone new product launches and rely on the sales of their existing projects to meet the targeted marketing sales in 2020. As of the first semester of 2020, PT Metropolitan Land Tbk. (MTLA) achieved Rp540 billion in marketing sales from the targeted Rp1.1 trillion to... [read more]

PT Pollux Properti Indonesia Tbk. (POLL) through its subsidiary, PT Pollux Lito Karawang, conducted the groundbreaking of the CBD Pollux Technopolis in Karawang, West Java. The project resides on a total land area of 42 hectares. The first phase of the development will include the Dotonburi Shopping... [read more]