The government and the Central Bank of Indonesia (BI) agreed to a burden-sharing scheme worth Rp574.59 trillion (US$39.7 billion) to finance the COVID-19 response and bolster economic recovery efforts. The central bank will buy Rp397.5 trillion government bonds at a maximum coupon rate to correspond... [read more]

Winner Group collaborates with Sapta Group, a subsidiary of PT Bumi Citra Permai Tbk., to develop Cibinong New City on a 125-hectares of land area which is claimed to be the first central business district in Cibinong, Bogor Regency. The project will be connected to Pakansari Stadion and integrating... [read more]

PT MNC Land Tbk (KPIG) is preparing for a private placement of maximum 8,062,572,666 shares or equal to 10% maximum of the total paid up capital with nominal value of Rp100 per share. The private placement is to fund the development and construction of an entertainment, hospitality and premium lifes... [read more]

The Central Bureau of Statistics (BPS) recorded 163,646 foreign tourist arrivals in May, a 3.1% increase from 158,718 in April with arrivals dominated by visitors from Timor Leste and Malaysia. Despite the slight increase, this figure was still 86.9% lower from 1.24 million visitors recorded in the... [read more]

PT Adhi Commuter Properti, a subsidiary of PT Adhi Karya Tbk, is optimistic that the sales in the second semester of 2020 will recover after in May 2020 it achieved 20% of its set target for 2020 of Rp2.2 trillion or Rp440 billion after in the second quarter of 2020 declined at approximately 40%-50%... [read more]