PT Adhi Karya (Persero) Tbk. recorded that the overall infrastructure development progress of the Light Rail Transit (LRT) has reached 84.76% by the end of May 2021. The development progress of its service lines such as service line I (Cawang-Cibubur) reaching 93.81%, service line II (Cawang-Dukuh A... [read more]

The Central Bank estimated that Indonesia’s economy in 2022 may reach within the 5.0% to 5.5% range. The growth in 2022 will be supported by the movement of its components, including the household consumption, government consumption, investments as well as exports and imports. The recovery is also b... [read more]

The government projects that Indonesia’s economy in the second quarter can reach 8% after a 0.74% contraction in the first quarter due to the Covid-19 pandemic. This projection can be seen from a number of indicators, including over 100% recovery in the consumer’s confidence index, 9.8% (yoy) growth... [read more]

As of the first quarter of 2021, PT Total Bangun Persada Tbk. (TOTL) achieved Rp89 billion worth of new contracts from the development of hotels and office towers. This achievement is equal to 5.9% of the targeted new contract for 2021 of Rp1.5 trillion. TOTL has allocated Rp3 billion in capital exp... [read more]

Keppel Land Indonesia and (Metropolitan Land (Metland) collaborate in developing a high quality residential estate named Wisteria in East Jakarta. Currently, the project is in Phase 2 and adopting the concept of resort garden to create a green environment with a super luxurious clubhouse. Wisteria i... [read more]