Greenwoods Group is developing a residential project named Damara Village Jimbaran Hijau in Bali with operational joint venture with Jimbaran Hijau. Damara Village will be constructed in phases on a 3.5-hectare of land area with the total of 168 units. The first phase will offer 26 units of houses c... [read more]

PT Trisula International Tbk. (TRIS) plans to expand by adding new factory in Central Java and currently is in search of the location. The expansion is estimated to require investment between Rp50 billion to Rp100 million with land area targeted between 3 to 4 hectares. With this expansion, the prod... [read more]

PT Island Concepts Indonesia Tbk. (ICON) has started the construction of Beach Club Jimbaran project by conducting the land clearing and foundation mapping for the pre-construction stage. The project requires Rp55 billion to Rp60 billion investment with all of the investment and operational costs bo... [read more]

PT Angkasa Pura II (AP II) aims to operate a luxury hotel in Terminal 3 in the Soekarno-Hatta Airport in December 2019. The 4-star hotel will have 147 rooms with facilities including meeting rooms, a restaurant, a spa and a fitness center. The hotel stands on 4,500 square meters of land area and com... [read more]

The Central Bank of Indonesia (BI) recorded US124.3 billion decline in foreign exchange reserve in September, or US$2.1 billion less than in August 2019 when it was recorded at US$126.4 billion. However, the reserve is considered high and equal to the funding of 7.2 months of import or 7 months of i... [read more]