Indonesia’s economy in 2021 is estimated to grow within the 4.5% to 5.5% (yoy) range with the average of 5% (yoy). It is the same as the previous estimation after the 2020 economic growth report from the Central Bureau of Statistics (BPS) stated the economy to contract by 2.07% (yoy) in 2020. This f... [read more]

The primary contractor of Dhoho Kediri Airport, PT PP Presisi Tbk. (PPRE) reports the project development has progress by approximately 35% which includes the site clearance, earthworks and diversion and drainage with the first phase of construction contract value of Rp1.9 trillion. Once completed,... [read more]

The Provincial Government of DKI Jakarta issues Governor Regulation Number 118/2020 regarding Spatial Use Permit to hasten permit and boost property sector as a non-financial stimulus with the aim of improving property industry growth during the Covid-19 pandemic. This regulation simplifies and acce... [read more]

An integrated port for logistics and fishery in Ambon Island is projected to be the largest port in the eastern Indonesia region as well as the center for a new economy. According to the plan, the port will reside on a total land area of approximately 717 hectares with the development cost of Rp2 tr... [read more]

This year, PT Intiland Development Tbk. (Intiland) will focus on marketing its office spaces in Surabaya, East Java. It is targeting end-users as the market demand has shown a positive trend in early 2021. Currently, Intiland’s portfolio includes Intiland Tower and Praxis in the city center and Spaz... [read more]