The Indonesian Government will develop I Gusti Ngurah Rai Bali Airport into a super hub to increase its capacity to 50 million passengers from the current 35-37 million. In addition, the super hub will also be a super logistic hub and connecting Australia, Africa, Europe, North Asia and South Americ... [read more]

PT Surya Semesta Internusa Tbk. (SSIA) recorded a revenue growth from its property arm, including the industrial estate, maintenance cost and commercial leases in the first semester of 2020 , recording at Rp181.4 billion or increasing by 27.6% from Rp142.4 billion in the first semester of 2019. Its... [read more]

The price growth of residential properties in the second quarter of 2020 has slowed down. The Residential Property Price Index Survey from the Central Bank of Indonesia indicated a deceleration in the price growth. The condition was reflected in the second quarter of 2020 Residential Property Prices... [read more]

PT Jaya Sukses Makmur Sentosa Tbk. (Tanrise Property) is preparing a few new projects in East Java to meet next year’s market demand. The new projects will start in the second semester of 2020, including a commercial area in Tanrise City Jember.  The Tritan Hub Sidoarjo is a multi-purpose tower to m... [read more]

The pessimistic estimation on tax revenue this year is recorded at -14% (YOY), far from the government’s expectation of the 10% range due to the declining economic growth. In the second quarter of 2020, the economic growth was contracted by 5.32%. [read more]