PT Ciputra Development Tbk (CTRA) recorded its revenue with an 8.8% yoy decrease to Rp6.59 trillion compared to the same period in the previous year of Rp7.22 trillion. CTRA also recorded its net profit with a 22.6% decline to Rp1.18 trillion from Rp1.53 trillion. Meanwhile, its marketing sales was... [read more]

The Deputy of the Nusantara Capital Funding and Investment Agung Wicaksono stated that foreign investors cannot directly participate in the development of the Nusantara Capital City (IKN) as there are multiple selection phases for each different requirement to be met. A number of foreign investors w... [read more]

The ParkRoyal Hotels and Resorts plans to operate four properties in Asia Pacific in 2024. Two of them including ParkRoyal Serviced Suites and ParkRoyal Jakarta, both located in the Luminary Tower, an integrated development in Thamrin Nine. Luminary Tower is the second tallest structure in Indonesia... [read more]

President Joko Widodo (Jokowi) is scheduled to inspect the development of Nusantara Capital (IKN) in his work travel in the coming weeks to conduct groundbreaking of 10 to 12 projects. Meanwhile, the Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono stated that the progress of th... [read more]

The government is confident that the Special Economic Zones (KEK) in Indonesia will be the largest global investment destination. The Secretary of Economic Coordination Ministry acting as the Board of National Special Economic Zones General Secretary Susiwijono Moegiarso stated that the operational... [read more]