The International Monetary Fund (IMF) cuts its global economic growth for 2020 to 3.3% from 3.4%. The government of Indonesia has included this factor in its projection of national growth at 5.3%. To reach this projection, the government has planned several policy, including to reduce its small scal... [read more]

PT Wijaya Karya Realty (WIKA Realty), a subsidiary of PT Wijaya Karya (Persero) Tbk, aims to obtain Rp2.3 trillion in marketing sales or 18% higher than its achievement last year of Rp1.95 trillion. This year, WIKA allocates Rp7.6 trillion in capital expenditure from its internal cash flow. Currentl... [read more]

PT AEON Indonesia plans to expand its outlet in Sentul in the second quarter and in Tanjung Barat in the third quarter of 2020. It also plans to expand to online store due to the growth of online business in Indonesia. With the new outlets planned this year, AEON will have a total of four outlets. -... [read more]

Sinar Mas Land launches its second cluster named Inspirahaus R in Tabebuya area after the success of its first cluster, Inspirahaus. The second cluster will comprise 208 units and adopts the concept of modern, smart, compact and functional in its city scale project of BSD City. The residential in th... [read more]

PT Grahawita Santika will expand by developing Santika Bukit Tinggi Hotel and Santika Batam Hotel this year with investment value for each room at approximately Rp350 million, subject to the start rate. Currently, Santika Indonesia Hotels & Resorts manages 114 hotels in 40 cities in Indonesia with s... [read more]