The Central Bank of Indonesia (BI) is confident that government stimulus of Rp1 trillion to Rp3 trillion, combined with accommodative policies from BI will be effective to maintain Indonesia’s economic growth at 5% to 5.4% ranges. Previously, BI estimated that Indonesia’s economic will grow in the 5... [read more]

PT Waskita FIM Perkasa Realti launches the show unit for Soterra Suites, the second tower of Vasaka Solterra Apartment. By adopting the concept of modern, dynamic and luxury, Solterra Suites offers three unit types, comprising a studio, a 1-bedroom and a 2-bedroom with a total of 537 units. Modern a... [read more]

PT Intiland Development Tbk focuses on completing its existing projects as well as expansion this year. Some of the existing projects are high-rise and several residential projects including the completion of the second phase of 57 Promenade Apartment, Spazio Tower and Praxis in Surabaya, Serena Hil... [read more]

PT Puradelta Lestari Tbk (DMAS) aims for Rp2 trillion in marketing sales this year from its industrial estate as well as its commercial and residential products in the Deltamas City. To achieve its target, DMAS has allocated Rp700 billion in capital expenditure. [read more]

The Minister of Public Works and Housing (PUPR) stated that the construction of Pekanbaru-Dumai Toll Road to be completed in April 2020. Currently, the 9.5 km-Section 1 of Pekanbaru-Minas toll road progress has reached 97.2% for construction and 100% for land acquisition and is estimated to be opera... [read more]