Sinar Mas Land achieved Rp1.5 trillion revenue from 22 March to 30 June 2020 period amidst the Covid-19 pandemic from the sales of Invensihous R in BSD City which was sold out last June and O2 Essential Home in Grand Wisata Bekasi which has been 90% sold. In addition, other projects in its Move in Q... [read more]

The government and the Central Bank of Indonesia (BI) agreed to a burden-sharing scheme worth Rp574.59 trillion (US$39.7 billion) to finance the COVID-19 response and bolster economic recovery efforts. The central bank will buy Rp397.5 trillion government bonds at a maximum coupon rate to correspond... [read more]

Winner Group collaborates with Sapta Group, a subsidiary of PT Bumi Citra Permai Tbk., to develop Cibinong New City on a 125-hectares of land area which is claimed to be the first central business district in Cibinong, Bogor Regency. The project will be connected to Pakansari Stadion and integrating... [read more]

PT MNC Land Tbk (KPIG) is preparing for a private placement of maximum 8,062,572,666 shares or equal to 10% maximum of the total paid up capital with nominal value of Rp100 per share. The private placement is to fund the development and construction of an entertainment, hospitality and premium lifes... [read more]

The Central Bureau of Statistics (BPS) recorded 163,646 foreign tourist arrivals in May, a 3.1% increase from 158,718 in April with arrivals dominated by visitors from Timor Leste and Malaysia. Despite the slight increase, this figure was still 86.9% lower from 1.24 million visitors recorded in the... [read more]