PT Metropolitan Kentjana Tbk. (MKPI) aims for Rp400 billion in marketing sales in 2021. MKPI will also focus on completing the development of Pondok Indah Mall 3 and Pondok Indah Office Tower and to operate them in April 2021. To complete these projects, MKPI has allocated Rp600 billion in marketing... [read more]

The Ministry of Public Works and Public Housing (PUPR) aims to start the Solo-Yogyakarta NYIA (New Yogyakarta International Airport) Toll Road project by March 2021. The first phase of the construction will start on the Kartasura-Purwomartani Section 1 of 42.37 kilometers. The PUPR Ministry has allo... [read more]

PT Kawasan Industri Jababeka Tbk. (KIJA) plans to increase its land bank this year with the allocated Rp200 billion capital expenditure from its internal funding. KIJA prioritizes to add existing land banks in Cikarang (West Java) and Kendal (Central Java). Based on the location, the land bank compr... [read more]

The government has accelerated the development of Batang Integrated Industrial Estate (KIT) with the progress for zone 1 and 2 reaching 95% and zone 3 aimed to be completed by the end of February. PT PP TBk. aims for existing investors to start the construction in the second and third quarter of 202... [read more]

The Central of Bank Indonesia (BI) reported that several indicators have shown a sign of economic recovery in the fourth quarter of 2020 despite the economic growth still recorded at minus 2.19%. As previously not expected by the Central Bank, the realized economic growth in the fourth quarter was b... [read more]