To attract investors and compete with other countries, the government of Batang Regency (Pemkab) in Central Java has proposed for a free land lease for a few years in Batang Integrated Industrial Estate. In addition, Pemkab Batang is also committed to ease business and environmental permits such as... [read more]

Viercorp Limited aims to operate Amanama Resort, its tourism project in Adora, East Nusa Tenggara, in January 2021. The groundbreaking of the hotel and resort of Amanama Resort was started in the end of 2019 and it has progressed by 85%. Viercorp is optimistic that the tourism industry in East Nusa... [read more]

PT Lippo Karawaci Tbk claimed that the sales of its latest cluster, Cendana Homes in the Lippo Village main area were successfully sold by 2.5 times oversubscribed from the total 324 units of landed houses with offering prices starting from Rp568 million. More than half of the bids are dominated by... [read more]

The manufacturing industry was under pressure in the second quarter of 2020 due to the Covid-19 pandemic. This condition is projected to hinder economic growth in the third quarter of 2020. The Central Bank of Indonesia (BI) indicated that the Manufacturing Index (PMI) in the second quarter was reco... [read more]

Several projects of PT Diamond Citra Propertindo Tbk (DADA) was delayed due to the Covid-19 pandemic. However, its middle to low rise apartment project named Apple Residence continues its marketing activities. Affected by the physical distancing policy and the delay in installment payments by the co... [read more]