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Indonesia’s PTPP Halts Some Important Projects due to the Pandemic

JAKARTA (TheInsiderStories) - The state run developer, PT PP Tbk (IDX: PTPP), intends to stop a number of projects due to the COVID-19 pandemic...

PTPP Hentikan Sejumlah Proyek Karena Pandemi

JAKARTA (TheInsiderStories) - Perusahaan pengembang plat merah, PT PP Tbk (IDX: PTPP), berniat menghentikan sejumlah proyek akibat dari pandemi COVID-19 yang menghantam hampir seluruh...

Indonesia’s Modernland Bondholders Approves the Debt Restructuring

JAKARTA (TheInsiderStories) - Bondholders of PT Modernland Realty Tbk (IDX: MDLN) approved the debt restructuring of the Indonesian developer with a principal amount of...

Pemegang Obligasi Modernland Setujui Restrukturisasi Hutang

JAKARTA (TheInsiderStories) - Pemegang obligasi PT Modernland Realty Tbk (IDX: MDLN) menyetujui usulan restrukturisasi hutang perusahaan dengan jumlah pokok Rp150 miliar. Persetujuan didapatkan pada 14...

Indonesia’s Modernlan Shares Suspended, Ratings Decreased

JAKARTA (TheInsiderStories) - Shares of the developer company, PT Modernland Realty Tbk (IDX: MDLN) have been suspended by Indonesia Stock Exchange, said the bourse...

Saham Moderland Disuspensi, Peringkat Diturunkan

JAKARTA (TheInsiderStories) - Terancam gagal bayar hutang, saham perusahaan pengembang, PT Modernland Realty Tbk (IDX: MDLN) disuspensi oleh PT Bursa Efek Indonesia. Bersamaan, Moody's Investors Service juga...

Inviting New Investors, MNC Land Releases New Shares worth of US$63M

JAKARTA (TheInsiderStories) - Propery company owned by Indonesian tycoon, Hary Tanoesoedibjo, PT MNC Land Tbk (IDX: KPIG) plans to hold a private placement, by...

Undang Investor Baru, MNC Land Bidik Dana Rp895 Miliar

JAKARTA (TheInsiderStories) - Emiten properti milik taipan Hary Tanoesoedibjo, PT MNC Land Tbk (IDX: KPIG) berencana menggelar Penambahan Modal Tanpa Hak Memesan Efek Terlebih...

Indonesia’s Bumi Serpong Pocketing Funds US$88M from Private Placement

JAKARTA (TheInsiderStories) - Indonesian property developer, PT Bumi Serpong Damai Tbk (IDX: BSDE) pocketed fresh funds worth of Rp1.23 trillion (US$87.86 million) from the private placement,...

Lippo Malls to Pay Distribution for Perpetual Securities

JAKARTA (TheInsiderStories)  - The manager of Lippo Malls Indonesia Retail Trust (LMIRT) said it will pay the upcoming distribution for its S$120 million (US$86.33 million)...

Moody’s Downgrades Lippo Malls Indonesia Retail Trust to B1

JAKARTA (TheInsiderStories) - Moody's has downgraded the corporate family rating of Lippo Malls Indonesia Retail Trust (LMIRT) to B1 from Ba3 with outlook negative. In addition, Moody's...

Wijaya Karya Realty, Urban Jakarta Prepares US$645M to Develop TOD

JAKARTA (TheInsiderStories) - PT Wijaya Karya Realty (Wika Realty), unit of construction firm, PT Wijaya Karya Tbk (IDX: WIKA), and PT Urban Jakarta Propertindo Tbk (IDX:...

Indonesia’s Lippo Karawaci Sold First REIT for US$54.84M

JAKARTA (TheInsiderStories) - Public listed company, PT Lippo Karawaci Tbk (IDX: LPKR), announced that it has divested its non-core assets First REIT, it said on Thursday (04/16). Since...

Indonesian Property Developers Face Twin Pressures

JAKARTA (TheInsiderStories) - The sharp deprecation in the Indonesian Rupiah against the US Dollar will weaken the debt servicing ability of property developers, a credit negative,...

Indonesia’s Lippo Karawaci Continues Puri Mall Divestment

JAKARTA (TheInsiderStories) - Real estate company, PT Lippo Karawaci Tbk (IDX: LPKR), continues its plans to divests one of it assets in Indonesia, Puri Mall,...

Indonesia’s Lippo Karawaci Raises US$95M

JAKARTA (TheInsiderStories) - Local developer, PT Lippo Karawaci Tbk (IDX: LPKR) raised US$95 million from its five-year bond issuances planned $325 million, said the company today...

Moody’s Downgrades Alam Sutera to B3, Outlook Negative

JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded the corporate family rating of PT Alam Sutera Realty Tbk (IDX: ASRI) to B3 from B2. At the same time,...

Indonesia’s Lippo Karawaci Raises US$325M from Bond Market

JAKARTA (TheInsiderStories) - Indonesian property company, PT Lippo Karawaci Tbk (IDX: LPKR) launched a five-year bond, valued at US$325 million, said the company on Jan. 14....

Singapore’ LMIR Trust Divest Pejaten Village, Binjai Supermall for US$91M

JAKARTA (TheInsiderStories) - Singapore based, LMIR Management Ltd., divested Pejaten Village and Binjai Supermall for Rp1.28 trillion (US$91.42 million) to local company, PT Nirvana Wastu...

Indonesia’s Trans Corporation Buys 50% Metro Department Shares

JAKARTA (TheInsiderStories) - Trans Corporation, an Indonesian conglomeration firm, bought 50 percent shares of the operator Metro Department Stores, PT Metropolitan Retailmart, said the...

Modernland, Lotte Invests US$142M to Build Property Project in Indonesia

JAKARTA (TheInsiderStories) - A property developer, PT Modernland Realty Tbk (IDX: MDLN) and South Korea' Lotte Engineering and Construction formed a joint venture company...

Indonesia’s Adhi Karya’s Unit Acquires TOD Developer

JAKARTA (TheInsiderStories) - PT Adhi Commuter Properti, unit of state-own company PT Adhi Karya Tbk (IDX: ADHI), has acquired PT Mega Graha Cipta Perkasa...

Indonesia to Reduces Investment Barriers in Property Sector

JAKARTA (TheInsiderStories) - Indonesian government through the agrarian spatial planning ministry aimed to reduce investment barriers in the property sector, one of which is...

Indonesia’s Agung Podomoro Plans to Pay Off Loans US$39M

JAKARTA (TheInsiderStories) - Indonesian property developer, PT Agung Podomoro Land Tbk (IDX: APLN) plans to pay off bonds with a total value of Rp550 billion...

Indonesia’s Bumi Serpong Damai Drops Buyback Program

Jakarta (TheInsiderStories) - Indonesia' PT Bumi Serpong Damai Tbk (IDX: BDSE) stop the tender offer of global notes amid the lower demands, said the...

Indonesia’s Trinitan Metals, Nusantara Almazia Plans to Go IPO

Jakarta (TheInsiderStories) - Indonesian mining company PT Trinitan Metals and Minerals Tbk and property developer PT Nusantara Almazia Tbk plan to hold an initial...

Moody’s Assigns Ba3 to Bumi Serpong Damai’s Proposed Notes

Singapore (TheInsiderStories) - Moody's Investors Service has assigned a backed senior unsecured rating of Ba3 to the proposed senior unsecured notes to be issued by...

Indonesia’s Alam Sutera to Releases Global Bond US$175M Next Year

Jakarta (TheInsiderStories) - PT Alam Sutera Realty Tbk (IDX: ASRI) planned to release global bond worth of US$175 million with a five years tenor next...

Indonesia’s Bhakti Agung Ready Go IPO, Eyes US$23M

Jakarta (TheInsiderStories) - PT Bhakti Agung Propertindo eyeing funds around Rp335 billion (US$23.59 million) from the initial public offering (IPO), the company announced yesterday (08/14)....

Trump, Tanoesudibjo Build Trump Residences in Lido and Bali

JAKARTA (TheInsiderStories) - Trump Foundation and its partner Indonesia' property developer PT MNC Land Tbk (IDX: KPIG) build luxurious resort and residences Trump Residences in...