PT Patra Jasa, a subsidiary of PT Pertamina (Persero), has allocated Rp1.5 trillion in an investment to develop a mixed-use project on 5.4 hectares of land area in Cirebon City. PT Patra Jasa will construct a mixed-use development that comprises a waterpark, an apartment, international restaurants,... [read more]

The total investment during the January-June 2019 period grew 9.4% annually from 7.4% in the same period last year. Based on the total value, the investment during the first semester of 2019 was recorded at Rp395.6 trillion or increasing by 9.4% from Rp361.6 trillion last year. Based on the data fro... [read more]

PT Bhakti Agung Propertindo Tbk. will initiate its Initial Public Offering by appointing MNC Sekuritas as the Joint Lead Underwriters in August 2019. From the total acquired fund, 20% will be allocated for bank debt payment and 80% for working capital. Currently, Bhakti Agung is developing Green Cle... [read more]

PT Pakuwon Jati (PWON) recorded Rp3.5 trillion or 4% of net revenue growth in the first semester of 2019 from Rp3.37 trillion in the same period last year. In addition, PWON also recorded comprehensive profit of Rp1.63 trillion or 28% growth from Rp1.28 trillion in 2018. PWON also recorded its recur... [read more]

To support Toba Lake as one of the National Tourism Strategic Area (KSPN), the Ministry of Public Works and Housing (PUPR) is planning to build Tano Ponggol Bridge in Samosir Regency to ease the access for tourists visiting Samosir Island. Currently, the discourse related to this bridge construction... [read more]