The construction of Trans-Sumatra toll road is accelerated with the completion of several projects, namely Pekanbaru-Dumai lane and Medan-Binjai lane in order to be operational for the coming Eid al Ftr holiday. The progress of the construction of Pekanbaru-Dumai lane which spans 131 kilometers has... [read more]

In 2019, PT Modernland Realty (MDL) posted marketing sales of Rp4.27 trillion in 2019 from the targeted Rp4,38 trillion. During this year, the industrial estate segment contributed Rp1.2 trillion, followed by residential at Rp2.9 trillion and hospitality at Rp120 billion or 28.10%, 67.91% and 2.81%,... [read more]

The International Monetary Fund (IMF) cuts its global economic growth for 2020 to 3.3% from 3.4%. The government of Indonesia has included this factor in its projection of national growth at 5.3%. To reach this projection, the government has planned several policy, including to reduce its small scal... [read more]

PT Wijaya Karya Realty (WIKA Realty), a subsidiary of PT Wijaya Karya (Persero) Tbk, aims to obtain Rp2.3 trillion in marketing sales or 18% higher than its achievement last year of Rp1.95 trillion. This year, WIKA allocates Rp7.6 trillion in capital expenditure from its internal cash flow. Currentl... [read more]

PT AEON Indonesia plans to expand its outlet in Sentul in the second quarter and in Tanjung Barat in the third quarter of 2020. It also plans to expand to online store due to the growth of online business in Indonesia. With the new outlets planned this year, AEON will have a total of four outlets. -... [read more]