PT Metropolitan Kentjana Tbk. (MKPI) is optimistic on a better prospect of property business this year, although the Value Added Tax Borne by the Government (PPN DTP) incentive in general, has not greatly impacted its sales.  In 2024, MKPI will focus on areas including the currently utilized Ranch M... [read more]

President Joko Widodo (Jokowi) has inaugurated the Makassar New Port in South Sulawesi. The Makassar New Port was developed as the old Makassar Port has optimized its capacity. The national strategic project was fully funded by Pelindo with Rp5.4 trillion investment and will further enhance in stage... [read more]

MRT Jakarta (Perseroda) reported that the construction progress of Phase 2 MRT Jakarta connecting Bundaran HI to Kota has reached 31% or reaching 6 kilometers. The development of 2A includes the CP201 segment (Bundaran HI-Harmoni), CP202 (Harmoni-Mangga Besar) and CP203 (Mangga Besar-Kota) segments... [read more]

The Central Bank of Indonesia (BI) has kept its benchmark interest rate unchanged at 6% and reaffirmed that further cut to the policy rate might be in order in the second half of this year. BI had maintained the key rate at 5.75% for most of 2023, before unexpectedly increased it by 25 basis points... [read more]

PT Krakatau Sarana Properti (KSP), a subsidiary of the State-Owned Enterprise PT Krakatau Steel (Persero) Tbk. (KRAS) in the property sector, will implement a new business model in 2024 to boost revenue. In the new business model, KSP will expand its business into the logistics, industrial estate ma... [read more]