PT Adhi Karya Tbk (ADHI) aims to secure funding of Rp1.5 trillion from the Initial Public Offering (IPO) of its subsidiary, PT Adhi Commuter Properti (ACP) in June 2021. The fund will be allocated to support the ACP’s ongoing projects. In addition, through its subsidiary, Adhi Karya will also issue... [read more]

PT Sulsel Citra Indonesia appointed PT Waskita Karya Tbk. (WSKT) to construct an iconic building in the Center Point of Indonesia (CPI) area in Makassar, South Sulawesi named Twin Tower Makassar. The project’s contract value reaches Rp1.9 trillion. The Twin Tower Makassar’s design adopts the philoso... [read more]

The Central Bank of Indonesia recorded a positive growth of e-commerce transactions amidst the Covid-19 pandemic. The e-commerce volume in September 2020 was recorded at 150.16 million transactions or 79.38% (yoy) higher from 83.71 million transaction in September 2019 and increasing by 1.7% (mtm) f... [read more]

PT Hong Kong Kingland conducted the Upper Structure Construction Ceremony for The Fritz tower in Serpong, South Tangerang with project completion estimated in 2023. Kingland Avenue appointed PT Totalindo Eka Persada Tbk. as the main contractor for the construction of The Fritz which comprises 700 un... [read more]

Agung Podomoro Group accelerates the development of its five main property projects in West Java comprising Kota Podomoro Tenjo, Podomoro Park Bandung, Podomoro Golf View (PGV), Kota Kertabumi and Vimala Hills due to increasing demand during the Covid-19 pandemic. As of September 2020, Agung Podomor... [read more]