PT Lippo Karawaci Tbk. (LPKR) recorded a positive sales in the first nine months of 2020, increasing by 100% (yoy) at Rp2.28 trillion despite a weak economic condition impacted by the Covid-19 pandemic. In the third quarter of 2020, LPKR recorded a total sales of Rp1.2 trillion, increasing by 304% (... [read more]

As of September 2020, PT Puradelta Lestari (DMAS) recorded a marketing sales at Rp1.38 trillion or 69% of this year’s target. Industrial estate sales contributed the most by selling a total land area of 67.7 hectares. DMAS also recorded Rp252.59 billion and Rp78.93 billion in revenue and net profit,... [read more]

The Minister of Finance has signed the Regulation No. 138/2020 on procedures for the National Economic Recovery program, providing a subsidy ranging from 3% to 25% during the first three months. However, given the increase in unemployment rates and decreasing purchasing power, it has affected the ho... [read more]

In the period of July to September 2020, the number of air passenger traffic in Lombok Airport reached 204,632, increasing by 307.6% from 50,203 in the period of April to June 2020. The flight traffic in Lombok Airport also grew significantly in the third quarter of 2020 by 214.6% in line with the a... [read more]

Under the Omnibus Law on Job Creation, foreigners will be allowed to hold a (right-to-build) title ownership of a strata title for the high-rise residential or apartment. The regulation is contained in Article 144 of Cipta Kerja Regulation. In addition, the ownership title can also be pledged for ba... [read more]