The Central Bureau of Statistics (BPS) recorded Indonesia’s economy growth reached 5.11% yoy in the first quarter of 2024. The growth was the highest since 2015. Indonesia is one of the countries who recorded strong and persistent growth in the high level compared to Malaysia (3.9%), South Korea (3.... [read more]

The property sector was one of Indonesia’s top five sectors with the largest investment contribution in the first quarter of 2024. The property sector includes the residential, industrial and office subsectors. Based on data from the Ministry of Investment/BKPM, the property sector realized Rp29.4 t... [read more]

PT Siloam International Hospitals Tbk (SILO) acquired land from PT Paragon City (PC) in Kebon Jeruk Subdistrict, Kebon Jeruk District, West Jakarta. The total land area acquired reached 2,304 square meters with a total value of Rp103,680,000,000 (excluding VAT). Both of the companies are subsidiarie... [read more]

PT Puradelta Lestari Tbk and its subsidiary (DMAS), the developer of the integrated modern industrial estate of Kota Deltamas, achieved Rp549 billion in revenue in the first quarter of 2024, increasing by 145,5% from Rp224 billion in the same period in 2023. The industrial segment remained as the ma... [read more]

PT Hutama Karya (Persero) (HK) reported that the construction progress of Padang-Sicincing Toll Road, which is a part of the Trans Sumatra (JTTS) toll network, has reached 58.76%. The project, which has the total length of 36 kilometers and the investment value of Rp9.8 trillion, is planned to be op... [read more]