NEWS

PT Ciputra Development Tbk (CTRA) expects its property sales in the second semester to improve after the sales in May recorded a 30% decline. In the first quarter of 2020, CTRA recorded its profit declining by 37.3% from Rp283.1 billion to Rp177.51 billion in the end of March. [read more]

Keppel Corporation, a Singaporean conglomerate, through Alpha Investment Partners Ltd to create an alliance with PT Asuransi Jiwa Manulife Indonesia and PT Mega Manunggal Property Tbk (MMLP) that focuses on the logistics warehouse sector in Indonesia with an initial investment fund target at US$200... [read more]

Despite recorded with a surplus, May 2020 trade balance showed that exports and imports were sharply contracted due to the slowing global demand and the disruption in production activities. The Central Bureau of Statistics (BPS) recorded May 2020 with a surplus of US$2.09 billion, comprising exports... [read more]

With the reopening of several shopping center in DKI Jakarta, Agung Podomoro Land is committed to abide the health protocol and preparing modern facilities including touchless technology to ease and help their tenants and visitors  to ensure they fully follow the Covid-19 health protocol. [read more]

Property developers require tax incentives to continue their businesses amidst the Covid-19 pandemic. On the other hand, banks are urged to increase debt restructuring for developers who experience issues with their working capital. Furthermore, the reduction of property taxes (PBB) and the transfer... [read more]