In 2019, three out of four industrial estate companies recorded three-digit-growth in net profit. PT Puradelta Lestari Tbk (DMAS) recorded 168.01% growth YOY in net profit to Rp1.33 trillion, PT Surya Semesta Internusa Tbk (SSIA) recorded 114.31% growth YOY to Rp92.03 billion and PT Kawasan Industri... [read more]

The Central Bank of Indonesia (BI) buys Rp1.7 trillion of State Sharia Bond (SBSN) or Sukuk Negara direct in primary market from the total issued of Rp9.98 trillion. BI is optimistic that this effort will make inflation management more measurable. Moreover, the government has conducted the auction b... [read more]

Indonesian entrepreneur, Iwan Sunito through Crown Group, a company he established in Australia, acquired land plot to be developed into a hotel worth Rp8 trillion in the southeast corner of South Hill and 11th Street in the finance and mode area of South Park Los Angeles, United States. The propert... [read more]

PT Hutama Karya (Persero) continues the construction of the first section of Lubuk Linggau-Curup-Bengkulu Toll Road, the Bengkulu-Taba Penanjung lane of 17.6 km. The toll road is a part of the construction of JTSS Palembang-Bengkulu Lane which includes Sp. Indralaya-Muara Enim (119 km), Muara Enim–L... [read more]

PT Modernland Realty Tbk (MDLN) aims for Rp4 trillion in marketing sales this year or 9% higher than in last year. However, with the situation with Covid-19 currently, MDLN estimates that the marketing sales may decline by 10%-20% but this condition will only last temporarily. This year, MDLN alloca... [read more]