PT Island Concepts Indonesia Tbk. (ICON) has started the construction of Beach Club Jimbaran project by conducting the land clearing and foundation mapping for the pre-construction stage. The project requires Rp55 billion to Rp60 billion investment with all of the investment and operational costs bo... [read more]

PT Angkasa Pura II (AP II) aims to operate a luxury hotel in Terminal 3 in the Soekarno-Hatta Airport in December 2019. The 4-star hotel will have 147 rooms with facilities including meeting rooms, a restaurant, a spa and a fitness center. The hotel stands on 4,500 square meters of land area and com... [read more]

The Central Bank of Indonesia (BI) recorded US124.3 billion decline in foreign exchange reserve in September, or US$2.1 billion less than in August 2019 when it was recorded at US$126.4 billion. However, the reserve is considered high and equal to the funding of 7.2 months of import or 7 months of i... [read more]

PT Puradelta Lestari Tbk. (DMAS) achieved Rp1.6 trillion of marketing sales in the first nine months of 2019 from the sales of its industrial estate. This achievement exceeds its annual target of Rp1.25 trillion. In the third quarter, DMAS recorded the sale of GIIC Deltamas industrial estate of 172... [read more]

AKR Land launches two townhouse projects named Sky Home and Garden Home in the Gallery West Residences Complex, West Jakarta, which are integrated with the residential Gallery West Residences residential and office spaces of AKR Tower and Wisma AR. Moreover, the complex also integrates Aloft Hotel,... [read more]