PT Pakuwon Jati Tbk. (PWON) through its subdisary, PT Pakuwon Permai, acquired Hartono Mall Yogyakarta, Marriot Yogyakarta Hotel and Hartono Solo Baru with the total transaction value of Rp1.366 trillion and 67.13% ownership as the buyer and PT Delta Merlin Dunia Properti as the seller. The reasons... [read more]

PT Metropolitan Kentjana Tbk. (MKPI) the management of Pondok Indah Mall and Puri Indah mall recorded its occupancy rate at 97% from previously around 99% before the pandemic. MKPI claims to be continually selective for tenants while also offering competitive prices. According to the Indonesian Shop... [read more]

The Ministry of Industry (Kemenperin) issued the Minister of Industry Regulation Number 30 Year 2020 regarding Industrial Estate Zonation Technical Criteria to increase the investment and regional development and economic growth. Currently, Indonesia has a total industrial land area of 611 hectares... [read more]

PT PP Tbk. (PTPP) is developing the Phase I of Batang Integrated Industrial Estate in Central Java on a total land area of 450 hectares. PTPP holds 35% of the total ownership of the industrial estate and the rest is held by PT Kawasan Industri Wijayakusuma and PT Perkebunan Nusantara (PTPN) IX. In t... [read more]

The government set the spending budget in the 2021 State Revenue and Expenditure Budget (APBN) at Rp2,705 trillion with the allocation of Rp1,032 trillion for 87 Ministries and Agencies (K/L) and Rp169.7 trillion allocated for medical budget to sustain the pandemic management, including the vaccinat... [read more]