PT MNC Land Tbk (KPIG) is preparing for a private placement of maximum 8,062,572,666 shares or equal to 10% maximum of the total paid up capital with nominal value of Rp100 per share. The private placement is to fund the development and construction of an entertainment, hospitality and premium lifes... [read more]

The Central Bureau of Statistics (BPS) recorded 163,646 foreign tourist arrivals in May, a 3.1% increase from 158,718 in April with arrivals dominated by visitors from Timor Leste and Malaysia. Despite the slight increase, this figure was still 86.9% lower from 1.24 million visitors recorded in the... [read more]

PT Adhi Commuter Properti, a subsidiary of PT Adhi Karya Tbk, is optimistic that the sales in the second semester of 2020 will recover after in May 2020 it achieved 20% of its set target for 2020 of Rp2.2 trillion or Rp440 billion after in the second quarter of 2020 declined at approximately 40%-50%... [read more]

The Real Estate Indonesia (REI) states that there are 15 large scale developers entering the eastern corridor of Jakarta, there is also a consortium of nine well-known developers. According to data from REI, the eastern corridor which stretches from Bekasi, Cikarang, to Karawang have been rapidly gr... [read more]

PT MRT Jakarta and PT Transportasi Jakarta (Transjakarta) will establish a joint venture named Integrasi Transit Jakarta (ITJ) to develop areas around Blok M-Asean, Fatmawati, Lebak Bulus, Dukuh Atas and Istora Mandiri Stations to be Transit Oriented Development (TOD) areas. The areas around Blok M-... [read more]