PT Metropolitan Land Tbk. (MTLA) aims for 5% growth in its marketing sales and recurring income or approximately Rp1.9 trillion throughout 2024. This target is in line with a number of MTLA’s new residential projects to be released this year. MTLA also allocates Rp750 billion from its internal and l... [read more]

Living World Mall Cibubur Kota Wisata, a shopping center project from the collaboration between Kawan Lama Group and Sinarmas Land conducted the soft opening on Friday (15th March). The mal development adopts the concept of ‘Home Living & Eat-Tertainment) and is claimed to be the largest mall in eas... [read more]

The Ministry of Public Works and People's Housing (PUPR) reports that the Cimanggis-Cibitung Toll Road section, a part of the Jakarta Outer Ring Road (JORR) 2 toll road network, is targeted to be completed by April 2024. With the completion of this section, the JORR 2 Toll Road will be fully connect... [read more]

The government ensures that the Value-Added Tax (VAT) rate will be increased to 12% in 2025. Currently, the government is preparing the Government Work Plan (RKP) for the 2025 Budget. This preparation will also include the programs or work plans from the new elected government. Previously, the gover... [read more]

PT Summarecon Agung Tbk (SMRA) recorded a net profit of Rp765 billion in 2023 or increased by 22.4% compared to the net profit in 2022 of Rp625 billion. This increase was in line with the revenue recorded in 2023 of Rp6.65 trillion or increased by 16.4% from 2022 to Rp5.71 trillion.  [read more]