NEWS

The Central Bureau of Statistics (BPS) reported a surplus for the November 2020 trade balance at US$2.62 billion. The November 2020 export was recorded at US$15.28 billion or 6.36% mom higher than in November 2019 and increasing by 9.54% yoy. Meantime, the November 2020 import was recorded at US$12.... [read more]

PT Lippo Cikarang Tbk. (LPCK) aims for Rp1.4 trillion in marketing sales in 2020 with 70% are expected to come from affordable landed houses. Within the first nine months of 2020, LPCK recorded Rp928 billion in marketing sales or increasing by 46% from Rp634 billion in the same period last year. By... [read more]

Paramount Land is confidence for an improving property market in 2021 and it aims to achieve Rp2.6 trillion in marketing sales or 18.18% higher than the target in 2020 and it also allocates Rp1.5 trillion in capital expenditures. In mid 2021, Paramount Land will launch four new products in Gading Se... [read more]

PT Pakuwon Jati Tbk. (PWON) is optimistic that the property business will recover in 2021 by concentrating on its mixed-use projects. PWON has allocated approximately Rp800 billion to Rp1 trillion of capex for 2021 for the development of a condominium project in Bekasi, a four-star hotel and a five-... [read more]

The Central Bank of Indonesia (BI) recorded improving retail sales in November 2020 as shown by the November 2020 Real Sales Index (IPR) with -0.4% growth monthly (mtm). This contraction was also lower from the contraction in October 2020 of -5.3% mtm. Annually, the retail sales performance in Novem... [read more]