This year, the government of Central Java to accelerate the development of industrial estates in several areas, including Batang and Brebes Industrial Estates to achieve the targeted 7% of economic growth in 2023. The One Stop Integrated Investment Office of Central Java Province is optimistic to ac... [read more]

The Central Bank of Indonesia (BI) decides to keep its key interest rate at 5%. In line with this policy, BI also set the interest rate for deposit facility and lending facility at 5.25% and 5.75%, respectively. -Bisnis.com [read more]

PT Lippo Karawaci Tbk (LKPR) achieved the total of Rp1.85 trillion from the sales of its property in 2019, 23% higher than the targeted Rp1.5 trillion. This year, LKPR aims to achieve Rp2.2 trillion to Rp2.5 trillion in marketing sales and launching two new residential projects in Cikarang and Karaw... [read more]

The construction of Trans-Sumatra toll road is accelerated with the completion of several projects, namely Pekanbaru-Dumai lane and Medan-Binjai lane in order to be operational for the coming Eid al Ftr holiday. The progress of the construction of Pekanbaru-Dumai lane which spans 131 kilometers has... [read more]

In 2019, PT Modernland Realty (MDL) posted marketing sales of Rp4.27 trillion in 2019 from the targeted Rp4,38 trillion. During this year, the industrial estate segment contributed Rp1.2 trillion, followed by residential at Rp2.9 trillion and hospitality at Rp120 billion or 28.10%, 67.91% and 2.81%,... [read more]