The business activities in the fourth quarter of 2019 was slower than in the third quarter. However, the Central Bank of Indonesia (BI) recorded a positive growth and that the slowdown was in line with the historical pattern. Based on BI’s Business Activities Survey (Survei Kegiatan Usaha), this was... [read more]

PT Kani Sentosa cooperates with Samera Propertindo to establish PT Samera Kani Jaya for the development of “Sam City” residential in Marendal, Daliserdang, South Sumatra with approximately Rp100 billion in investment and to be launched in early 2020. The project adopts the concept of self-sustained... [read more]

PT Perintis Triniti Properti (Triniti Land) projects that its targeted marketing sales of Rp1.1 trillion will be dominated by its project named Marc’s Boulevard Batam. The project gross development value (GDV) is estimated at approximately Rp5 trillion-Rp6 trillion with a contribution of 20% to the... [read more]

PT Metropolitan Land Tbk (MTLA) aims its marketing sales for 2020 at Rp2.1 trillion. MTLA will focus on its joint operation projects with Keppel Land Cakung in the middle segment. MTLA will also increase its landbank in its existing projects areas funded by its Rp200 billion capital expenditure and... [read more]

The Ministry of Transportation Budi Karya Sumadi says that the construction stage of the Jakarta-Surabaya high speed train project will start in 2021 and it is currently undergoing a feasibility study. The project to be constructed by Japan will travel at the maximum speed of 160 kilometers per hour... [read more]