In the first semester of 2020, PT Pakuwon Jati Tbk. (PWON) recorded Rp501 billion of its marketing pre-sales. The landed house project named Grand Pakuwon in Surabaya contributed the most with 20% of the total sales. The pre-sales achievement is equal to 47% of the total target of Rp1.06 trillion in... [read more]

PT Agung Podomoro Land (APLN) reported that Covid-19 pandemic significantly lowered its average daily traffic in its malls. The average daily traffic in Neo Soho declined from 25,000 in 1H-2019 to 16,000 in 2H-2020. The Senayan City Mall recorded a decline from 52,000 in 1H-2019 to 23,000 in 2H-2020... [read more]

The Minister of Finance (Menkeu) Sri Mulyani Indrawati said that Indonesia’s economic growth in the third quarter of 2020 may contract by 2% (yoy) at the lowest and 0% (yoy) at the highest based on the July’s economic observation which has not recovered while showing a downside risk due to weak dome... [read more]

Indonesian government will aim to complete the construction of Patimban Port (Subang, West Java), Kijing Port (West Kalimantan) and Gilimas Terminal (Lombok, West Nusa Tenggara). The first phase construction of the Patimban Port is expected to complete in October 2020 and the soft launching is plann... [read more]

The President of the Republic of Indonesia Joko Widodo inaugurated the first toll road in Aceh, the Sigli-Banda Aceh Toll Road Section 4 Indrapura-Blang Bintang. The 14-kilometer toll road is part of the Trans Sumatera Toll Road (JTTS) which connects Aceh and Lampung with the total length of 2,765 k... [read more]