PT Adhi Karya (Persero) Tbk. stated that the construction of Phase I Light Rail Transport (LRT) Greater Jakarta Area will be completed in the third quarter of 2021. The operation of the new infrastructure is expected to start in the mid of 2022. The construction progress of Greater Jakarta LRT has r... [read more]

The Central Bank of Indonesia (BI) revised its estimation for 2021 national economic growth to range between 4.1% and 5.1%. Previously, BI estimated the national economy to grow between 4.3% and 5.3%. [read more]

The Central Bank of Indonesia (BI) set the 7-Days Reverse Repo Rate in the Board of Governors Meeting April 2021 to 3.50%, to maintain stable Rupiah. BI also kept the Deposit Facility at 2.75% and the Lending Facility at 4.25%. [read more]

PT MRT Jakarta aims to complete the development of segment 1 MRT Phase 2A of CP201 contract package which includes Bundaran HI to Harmoni in April 2025, while Phase 2A MRT Harmoni-Kota to be completed in 2027. The progress of segment 1 MRT Jakarta phase 2A as of March 2021 has reached 12.58%. [read more]

Sinarmas Land Ltd. sold its freehold office and residential properties in London, England at £72 million (Rp1.46 trillion). The property named Unlimited House is located at 10 Great Pulteney Street is owned by its subsidiary, SML Great. The freehold property comprises a Grade A office space with the... [read more]