The International Monetary Fund (IMF) cuts its global economic growth for 2020 to 3.3% from 3.4%. The government of Indonesia has included this factor in its projection of national growth at 5.3%. To reach this projection, the government has planned several policy, including to reduce its small scal... [read more]

In 2019, PT Modernland Realty (MDL) posted marketing sales of Rp4.27 trillion in 2019 from the targeted Rp4,38 trillion. During this year, the industrial estate segment contributed Rp1.2 trillion, followed by residential at Rp2.9 trillion and hospitality at Rp120 billion or 28.10%, 67.91% and 2.81%,... [read more]

PT Wijaya Karya Realty (WIKA Realty), a subsidiary of PT Wijaya Karya (Persero) Tbk, aims to obtain Rp2.3 trillion in marketing sales or 18% higher than its achievement last year of Rp1.95 trillion. This year, WIKA allocates Rp7.6 trillion in capital expenditure from its internal cash flow. Currentl... [read more]

PT Serba Dinamik Indonesia (SDI), a subsidiary of Serba Dinamik Holdings Berhard, acquired a property worth Rp20 billion from PT Surya Cipta Banten (SCB) and it plans to renovate and lease the property to Conclave. SCB sold the property in Kebayoran Baru, Jakarta to gain working capital for its infr... [read more]

PT Grahawita Santika will expand by developing Santika Bukit Tinggi Hotel and Santika Batam Hotel this year with investment value for each room at approximately Rp350 million, subject to the start rate. Currently, Santika Indonesia Hotels & Resorts manages 114 hotels in 40 cities in Indonesia with s... [read more]