The Public Work and Public Housing Ministry (PUPR) will soon operate the 131.48 km Pekanbaru-Dumai Toll Road after conducting the feasibility test (ULF) on Section 2 Minas-kandis Selatan until Section 6 Duri Utara-Dumai. Currently, the physical progress has reached 99.07%. The toll road is aimed to... [read more]

Astha Mall in District 8, CBD Sudirman, South Jakarta to operate in the second semester of 2020. The mall is developed by Agung Sedayu Group through PT Agung Sedayu Retail Indonesia with Rp200 billion investment. Supply of new malls in the Greater Jakarta area increases annually and as of today, new... [read more]

PT Repower Asia Indonesia Tbk (Repower) is optimistic that sales in 2020 will remain high and in the first quarter of 2020 recorded 142% increase in residential from Rp1,68 billion to Rp4.07 billion as of the end of March 2020. This year, Repower will rely on the Botanical Puri Asri project which ad... [read more]

Sinar Mas Land achieved Rp1.5 trillion revenue from 22 March to 30 June 2020 period amidst the Covid-19 pandemic from the sales of Invensihous R in BSD City which was sold out last June and O2 Essential Home in Grand Wisata Bekasi which has been 90% sold. In addition, other projects in its Move in Q... [read more]

The government and the Central Bank of Indonesia (BI) agreed to a burden-sharing scheme worth Rp574.59 trillion (US$39.7 billion) to finance the COVID-19 response and bolster economic recovery efforts. The central bank will buy Rp397.5 trillion government bonds at a maximum coupon rate to correspond... [read more]