The hospitality industry may continue its decline in the second quarter of 2021 despite the on-going vaccination program and after the travel easing in some countries. The data from the Central Bureau of Statistics showed that the hotel occupancy in Indonesia was at 30.35% with the average room rate... [read more]

PT Summarecon Agung Tbk. (SMRA) aims to obtain Rp1.5 trillion to Rp2 trillion from its right issues before the end of first semester in 2021. In 2021, SMRA will allocate Rp500 billion of capital expenditures with the aim to meet its marketing sales target of approximately Rp3.5 trillion. It is expec... [read more]

PT Surya Semesta Internusa Tbk. (SSIA) aims to achieve 10% to 15% revenue growth this year by obtaining approximately Rp2 trillion worth of new contracts. This projection is higher than its achievement in 2020 of Rp1.10 trillion. This year, SSIA allocates Rp750 billion capital expenditure aimed at i... [read more]

PT Alamindo Trulynusa, a subsidiary of Dwicitra Mekar Abadi Group (DMA), plans to relaunch several of its premium residential projects in Tenjo, Bogor Regency, in the second semester of 2021. The projects include Panjibuwono City and Darmawangsa Residence with each has more than 10 unit types. The u... [read more]

The Cileunyi-Sumedang-Dawuan (Cisumdawu) Toll Road of 60.10 kilometers in length will link to Kertajati Airport Access Toll by the end of 2021. The physical construction completion of the connecting infrastructure will support the International Kertajati West Java Airport (BIJB). Currently, the Sect... [read more]