This year, PT Sanurhasta Mitra Tbk focuses on developing its leisure business and projects its revenue from room sales reaching Rp10 billion. The performance of its resort has been growing since 2017 with occupancy rate growing from 55.28% to 58.22% and projected to reach 64.6% this year. Until the... [read more]

The construction of the ultra-luxury 62-story residential in Jakarta named The Residence at St. Regis by Rajawali Property Group has reached the final phase and it is planned for completion in 2021. The apartment project in the megacomplex of The St. Regis Jakarta Hotel and Rajawali Place office tow... [read more]

The Directorate General of Customs and Excise of the Ministry of Finance lowers the minimum threshold of import duty from previously US75 or Rp1,050,000 to US$3 or Rp45,000. The new policy has been decreed by the Finance Ministry Regulation No. PMK 199/PMK.04/2019, effective since January the 30th 2... [read more]

The business activities in the fourth quarter of 2019 was slower than in the third quarter. However, the Central Bank of Indonesia (BI) recorded a positive growth and that the slowdown was in line with the historical pattern. Based on BI’s Business Activities Survey (Survei Kegiatan Usaha), this was... [read more]

PT Adhi Commuter Properti (ACP) allocates Rp2 trillion in capital expenditure for the development of five new projects in Depok, Tangerang and Bogor this year. The projects are high rise construction with the concept of Transit Oriented Development (TOD). ACP also set its marketing sales target for... [read more]