PT PP Properti Tbk. (PPRO) is completing its projects and there will be seven projects to be handed over in the fourth quarter of 2020. By the second half of 2020, PPRO recorded Rp366 billion in marketing sales, or declining by 61.26% from Rp945 billion in the same period last year. This year, PPRO... [read more]

Jababeka Residence, an integrated residential and commercial area by PT Grahabuana Cikarang, a subsidiary of PT Jababeka Tbk., launched the Cluster Rotterdam in July 2020 and it was sold out in the initial marketing phase. The cluster is located near the TOD Center of Jababeka with the concept of Mo... [read more]

Sinar Mas Land, through its PT Bumi Serpong Damai Tbk., collaborates with Mitbana Pte Ltd, a joint venture between Surbana Jurong and Mitsubishi Corporation, to develop a smart Transit Oriented Development (TOD) project in BSD City, South Tangerang, Banten. In line with the development, Mitbana will... [read more]

Given the national high expenditure and a decline in revenue target, it resulted a deficit of 5.7% from the Gross Domestic Product (GDP) in the 2021 state budget.  The total deficit in 2021 Stage Budget Draft was driven by several aspects, including the increase of Rp35.2 trillion in the funding all... [read more]

The Ministry of Public Work and Public Housing (PUPR) prepares the development of eight new toll road projects to start by the end of 2020 with the total length of 374 kilometers and Rp100 trillion in investment. The new toll roads will connect several strategic areas and development centers in the... [read more]