Property developer Sentul City (BKSL) joined with Japan’s Sumitomo Corporation and property developer Hankyu Realty Co. to build a condominium complex on the outskirts of Jakarta. The company said it is planning to complete three condo towers by May 2019 with a total of 1,095 units for Rp1.47 trillion in Sentul, West Java. Last year, Sentul City signed an agreement with Sumitomo to set up a joint venture company (JVC) called PT Sentul Summit Development.
Read MoreBroadcasting firm Intermedia Capital (MDIA) plans to issue global bonds worth US$ 300 million, equivalent Rp4.05 trillion, to refinance the debt of its parent company Visa Media Asia (VIVA). MDIA will issue the bonds, which will mature in 5 years, at a maximum interest rate of 10% per annum. The issue is expected to take place in March 2018.
Read MoreBoy Garibaldi Thohir, shareholder of Adaro Energy (ADRO) and some other companies, and his brother Erick Thohir were seen of filing applications for tax amnesty this morning. Other conglomerates, including James Riady and Sofyan Wananadi, have earlier announced their participation in the program.
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