Mon, 21 Mar 2011
From: The Jakarta Post, Jakarta

State toll way operator PT Jasa Marga is gearing up to enter the property sector this year, and says it has prepared Rp 150 billion (US$17.1 million) for the early investment.

Jasa Marga managing director Frans Setiyaki Sunito said recently the company wanted to utilize the toll roads it had constructed in developing the property business.

“We’re looking for areas that can benefit from toll road gates. We can develop properties not far from them,” Frans said.

“Development can be in the forms of housing, office complexes or industrial areas; depending on the needs of the regions concerned,” he said as quoted by tempointeraktif.com on Sunday.

Frans added Jasa Marga would partner with state airport operator PT Angkasa Pura and state port operator PT Pelindo, among others, to develop the new business.

He also said Jasa Marga was currently in the process of designing the property business plan. He said it was preparing to open a subsidiary and had commenced the land acquisition process in a number of regions including Greater Jakarta areas, West Java and East Java.



News Search/Filter
Transaction Rates
23 Oct 17
Buy
Sell
AUD1
10,976.77
10,192.07
BND1
10,304.70
9,568.38
BTC1
78,262,905
78,262,905
CAD1
11,118.59
10,321.48
CHF1
14,261.76
13,240.22
CNH1
2,114.82
1,963.75
DKK1
2,219.39
2,060.93
EUR1
16,520.60
15,342.20
GBP1
18,521.99
17,197.08
HKD1
1,798.92
1,670.64
JPY100
12,337.38
11,457.33
LAK1
1.69
1.56
NOK1
1,758.02
1,631.74
NZD1
9,775.38
9,072.36
PGK1
4,505.24
3,962.64
SEK1
1,717.05
1,594.12
SGD1
10,304.70
9,568.38
THB1
423.00
392.62
USD1
14,035.00
13,035.00
VND1
0.62
0.57
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services