In 2022, Paramount Land will launch two commercial products in Gading Serpong area named Maggiore Grande and Maggiore Square phase two. Both are commercial areas adopt mixed-commercial center concept aimed to be a new business and hangout destination in Gading Serpong. Maggiore Square phase two comp... [read more]

The Greater Jakarta Light Rapid Transit is aimed to start its operation in August 2022. As a whole, the project has progressed by 88.69% as of 31 December 2021. The project will operate by adopting the Communication Based Train Control/CBTC with GoA level 3. The total investment of the project, whic... [read more]

The Central Bank of Indonesia (BI) estimated the national economy average growth this year in the 5.1%-5.2% range. This estimation is higher than last year’s estimation which reached 3.6%. The economic growth in 2021 was recorded in the 3.4% and 4% range with the average of 3.6%. [read more]

PT Pakuwon Jati Tbk (PWON) recorded a higher financial performance in the third quarter of 2021 with Rp 257 billion net profit or 117.8% annual growth and 12.9% quarterly growth. This performance was supporrted by its marketing sales which reached Rp 1 trillion with 87% of which obtained with the he... [read more]

PT United Tractors Tbk (UNTR) prepares US$ 750 million in capital expenditure or Rp 10.84 trillion this year. This fund will be allocated for business growth in 2022. As of the end of September 2021, UNTR recorded 24% increase in net revenue to Rp 57.8 trillion from Rp 46.5trillion in the same perio... [read more]