The investment realization is projected to experience a steep decline from the initial target of the Coordinating Investment Board (BKPM) in 2020 from Rp886 trillion to Rp855 trillion given the assumption the Covid-19 pandemic ending in May 2020. As the pandemic continues, BKPM reviews its estimatio... [read more]

After the delay due to Covid-19 pandemic, the construction of the Second Phase of Jakarta Mass Rapid Transportation (MRT) project will continue on 15th of June 2020. Currently, the project is under a feasibility study to determine the continuation of Phase IIB from Kota to West Ancol. The continuati... [read more]

PT Pelabuhan Indonesia (Pelindo) III collaborates with the Indonesian Young Entrepreneur Organization (Hipmi) to invest in the Bali Maritime Tourism Hub (BMTH) project in Benoa Port (Bali) and a marina in Boom Port (Banyuwangi) with the signing of a memorandum of understanding (MoU). BMTH is one of... [read more]

Amidst the Covid-19 pandemic, property developers are confident to market their products, showing that the property sector has the potential to grow. PT Intiland Development Tbk markets its SQ Res Apartment project in South Jakarta with sizes starting from 30 square kilometers priced at Rp1.1 billio... [read more]

PT Wijaya Karya Bangunan Gedung Tbk (WEGE) or Wika Gedung recorded a net profit of Rp82.88 billion in the first quarter of 2020 or an increase of 6.64% from the same period last year of Rp77.71 billion. This growth was contributed by the increase of revenues from the other joint venture profit of Rp... [read more]