PT Ciptadana Asset Management plans to delist the DIRE Ciptadana Properti Perhotelan Padjajaran (XCIS) on the Indonesian Stock Exchange (BEI) during the General Meeting of Shareholders for the DIRE Ciptadana Properti Perhotelan Padjajaran. The DIRE of Ciptadana Properti Padjajaran owns assets of Sal... [read more]

The Coordinating Minister of Economy Airlangga Hartarto estimates Indonesia’s economy to grow minus 3.4% in the second quarter of 2020 and minus 1% in the third quarter. In the first quarter of 2020, the national economy was recorded at 2.97%. Despite the signal of recession in the third quarter of... [read more]

Currently, the progress of the Jakarta-Bandung High Speed Train (KCJB) has reached 54% after temporarily delayed due to Covid-19 pandemic. PT Kereta Cepat Indonesia – China (KCIC) aims to complete the KCJB project in 2022 to avoid rising investment costs. [read more]

PT Jakarta Industrial Estate Pulogadung (JIEP), East Jakarta plans to develop the Pulogadung Industrial Estate in to seven business zones comprising media, green, cultural, digital (business), halal, logistics and social. Previously, the 500 hectares of land area was planned to be an ordinary indust... [read more]

PT Adhi Commuter Properti is optimistic to reach its Rp150 billion target for the second quarter of 2020 from its annual target of Rp1.2 trillion after the Central Bank of Indonesia cut the BI Rate to 4.50% in March 2020. In addition to the sales of its Transit Oriented Development/TOD LRT City in t... [read more]