NEWS

Survey from the Central Bank of Indonesia (BI) shows that in the fourth quarter of 2019, the average cost spend by banks on customers’ fund in Rupiah is estimated to decline by 7 basis points (bps) from the previous quarter to 5.9%. While cost for the banks’ operational to obtain cost of loanable fu... [read more]

Indonesia swung back to a trade deficit in September in import declines slower than expected and recorded US$160.5 million in deficit after US$112.4 million trade surplus in August. Exports dropped 5.74% (YOY) in September to $14.10 billion, however, imports fell 2.41% (YOY) last month to $14.26 bil... [read more]

The last two sections of Pandaan-Malang Toll Road, or Section IV Singosari-Pakis, is completed and already passed the feasibility test by the Toll Road Management Agency (BPJT). The 38.35-kilometer Pandaan-Malang Toll Road is developed with Rp5.9 trillion investment and will reduce the travel time t... [read more]

PT Mega Manunggal Property Tbk. (MMLP) recorded its e-commerce sector contributed to 20% of the total tenancy. Currently, MMLP is constructing a new warehouse for Lazada on a 35,000-square meter land area in Depok which will be handed over by the end of this year. The demand for warehouse alone rec... [read more]

PT Summarecon Agung Tbk. (SMRA) is optimistic to achieve its targeted marketing sales this year. Currently, SMRA has reached 84% progress or Rp600 billion from the targeted Rp4 trillion. The largest contributors are the projects in Serpong, Bekasi and Bandung which already reached Rp2.73 trillion. -... [read more]