Jakarta

IPO

Internet giant GoTo raises US$1.1 billion in Jakarta IPO

The pricing represents a projected market capitalization of about US$28 billion
Meet the optimistic hotelier: An interview with The Langham, Jakarta's Gaylord Lamy - THE EDGE SINGAPORE

Zest

Meet the optimistic hotelier: An interview with The Langham, Jakarta's Gaylord Lamy

Meet the optimistic hotelier: An interview with The Langham, Jakarta's Gaylord Lamy
Surbana Jurong, Mitsubishi and Sinarmas Land to jointly develop Jakarta transport complex - THE EDGE SINGAPORE

Deals, joint ventures & alliances

Surbana Jurong, Mitsubishi and Sinarmas Land to jointly develop Jakarta transport complex

The companies will collaborate on a new transit-oriented development in Bumi Serpong Damai City.
LMIRT's malls in Jakarta to remain open with 50% visitor capacity during social restrictions - THE EDGE SINGAPORE

REITs

LMIRT's malls in Jakarta to remain open with 50% visitor capacity during social restrictions

The restrictions in Jakarta will take place from September 14 to 27, and may be extended.

Geopolitics

Jokowi to announce new Indonesia capital to replace Jakarta

(Aug 26): Indonesian President Joko Widodo will announce the site of the country’s new capital on Monday, ending months of speculation about the location of the new city to replace Jakarta as the administrative headquarters.

Property

Metro announces $114 mil investment in Indonesia's Trans Park Bintaro project

SINGAPORE (Apr 16): Metro Holdings has established a partnership with Trans Corp and Lee Kim Tah Group to develop two towers in Jakarta with a value of Rp1.33 trillion ($127 million).

Broker's Calls

Could HRnetgroup be embarking on an acquisition spree?

SINGAPORE (Nov 10): RHB Research is maintaining its “buy” recommendation on HRnetgroup with a  target price of $1.14 while remaining positive on the group’s latest developments and prospects ahead.

Broker's Calls

Do First REIT's healthy portfolio assets make it worth a 'buy'?

SINGAPORE (Oct 3): OCBC Investment Research is maintaining its “hold” call on healthcare-focused First REIT with a fair value estimate of $1.38, following the release of Singapore’s latest inflation figures.

Property

Pacific Star signs MoU to jointly develop mixed-use properties in Jakarta's PIK 2

SINGAPORE (Sept 26): PSD Singapore, a wholly-owned subsidiary of Pacific Star Development, has signed a non-binding memorandum of understanding (MoU) with Indonesian master developer, PT Kukuh Mandiri Lestari (KML) to jointly develop a series of mixed-use

Indonesia pulls brakes on SIA’s Singapore-Jakarta-Sydney route

SINGAPORE (Nov 9): Singapore Airlines has delayed the launch of a new Singapore-Jakarta-Sydney route.
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