FOX Hotels, part of TAUZIA Hotels, continues expansion by opening two new properties in Eastern Indonesia, comprising FOX Lite Jayapura and FOX Lite Royal Bay Makassar. Moreover, TAUZIA Hotels will also announce the launch of FOX Lite Cikarang dan FOX HARRIS Pangkalpinang Bangka. [read more]

PT Makmur Berkah Amanda Tbk. (AMAN) Revised its revenue target his year from Rp120 billion to Rp90 billion due to the sentiment from corona virus. This cut is in line with the effect of virus corona outbreak to its subsidiary, PT Makmur Berkah Amanda Hotel whose occupancy rate in the current month i... [read more]

Some developers continue to work on their projects in Bogor, Tangerang, Bekasi (Botabek) areas despite a sluggish recovery of the property market. Modernland Realty launches a new shophouse area named Kingshop while MAS Group, through PT Mekar Agung Sejahtera, launches its latest product called Brit... [read more]

The Central Bureau of Statistics reported that Indonesia recorded a US$2.34 billion trade surplus in February thanks to higher manufacturing exports despite disrupted trade activities with China as a result of the COVID-19 pandemic. Indonesia recorded a total of $13.94 billion in exports in February... [read more]

Several property and construction companies claim that the implementation of new accounting standard, comprising PSAK 71, 72 and 73 will have no significant effect. The reporting regulation which was implemented in 2020 will not affect the reporting of companies’ performance because most of the port... [read more]