The Central Bank of Indonesia (BI) recorded US124.3 billion decline in foreign exchange reserve in September, or US$2.1 billion less than in August 2019 when it was recorded at US$126.4 billion. However, the reserve is considered high and equal to the funding of 7.2 months of import or 7 months of i... [read more]

PT Puradelta Lestari Tbk. (DMAS) achieved Rp1.6 trillion of marketing sales in the first nine months of 2019 from the sales of its industrial estate. This achievement exceeds its annual target of Rp1.25 trillion. In the third quarter, DMAS recorded the sale of GIIC Deltamas industrial estate of 172... [read more]

AKR Land launches two townhouse projects named Sky Home and Garden Home in the Gallery West Residences Complex, West Jakarta, which are integrated with the residential Gallery West Residences residential and office spaces of AKR Tower and Wisma AR. Moreover, the complex also integrates Aloft Hotel,... [read more]

The Minister of National Development Planning states that Indonesia’s economic growth is estimated to grow in the 6% range at the most due to global economic pressures. However, the government has prepared three scenarios in the 2020-2024 National Medium Term Development Plan (RPJMN), specifically b... [read more]

PT Summarecon Agung Tbk. (SMRA) will focus on developing residential projects in Karawang and Bekasi. SMRA recorded positives sales of The Olive Residence Summarecon Bekasi houses, which are aimed at middle income segment. SMRA achieved Rp3 trillion in marketing sales in the first semester of 2019.... [read more]