PT Bumi Serpong Damai Tbk (BSDE), a part of Sinarmas Group, is negotiating with Top Global Limited for the acquisition of PT Suryamas Dutamakmur Tbk (SMDM). BSDE offers to acquire 91.99% of SMDM shares from Top Global Limited’s issued and paid up capital. This plan is in line with BSDE’s strategy in... [read more]

President Joko Widodo (Jokowi) stated his reasons in prioritizing infrastructure development during his 10 years tenure, including to increase accessibility and connectivity inter-regions which in turn created larger potential to attract investors during the events “Refleksi & Catatan 10 Tahun Pemer... [read more]

Indonesia's inflation rate in July 2024 stood at 2.13% yoy. This rate was lower than the inflation in last June when it stood at 2.51% yoy. In July 2024, deflation was recorded at 0.18% to 106.09 with the Consumer Price Index declined to 106.09 from 106.28 in June 2023. This deflation was steeper th... [read more]

PT Agung Podomoro Land Tbk. (APLN) achieved Rp 792.3 billion (excluding VAT) in marketing sales in the first half of 2024. This achievement grew by 38% from the same period last year of Rp 578.5 billion. APLN recorded its sales and revenues increased from Rp 178 trillion to Rp 1.89 trillion with its... [read more]

The Sahid Hotel & Resorts Group and PT Bumi Lingkar Jati have signed a collaboration agreement to develop the first national-rated hotel in Banyuwangi named Sahid Mahata Genteng Hotel on a total land area of 5,500 square meters. Currently, the construction progress of the hotel has reached approxima... [read more]