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P H
Apr 26,2016 13:58:10
Jakarta’s reclamation project will be put under moratorium

The Central Government and Provincial Government of DKI Jakarta have agreed to put a moratorium on Jakarta’s reclamation project until a clear regulation have been agreed by all related parties. The Government wants to coordinate and harmonize several regulations that might create confusion in regards to reclamation. They will form a team made up from Ministry of Environment and Forestry, Ministry of Maritime affairs and Fisheries, Maritime Communications Ministry, Ministry of Transportation, Cabinet Secretariat and Provincial Government of DKI Jakarta to discuss about the issues regarding reclamation regulations.

$APLN $DILD $PJAA
Bear
P H
Apr 07,2016 09:02:58
Jakarta governor Ahok to clear illegal buildings on C Island, North Jakarta. Ahok stated that there are many buildings on C island, owned by Kapuk Naga Indah (subsidiary of Agung Sedayu) that are not registered legally.

$APLN $DILD $PJAA
Bear
P H
Apr 05,2016 11:13:17
Corruption Eradication Commission (KPK) names Agung Podomoro Land (APLN) CEO graft suspect.  In total, the anti-graft commission named 6 people to be the suspects in 2 separate high-profile bribery cases involving the reclamation of the North Jakarta coast and embezzlement in state-owned construction firm Brantas Abipraya. KPK spokeswomen Yuyuk Andriati said the commission has named Mohamad Sanusi, a Jakarta councilor from the Gerindra Party, a suspect for allegedly accepting bribes from APLN to smooth the passage of bylaws required for zoning in the reclamation area. 2 employees of APLN are also named suspects, namely president director Ariesman Widjaja and staffer Trinanda Prihantoro. Separately, KPK is also investigating property developer Agung Sedayu on the project.

Comment: other listed companies are DILD and PJAA. It remains to be seen whether the same issues will arise on these companies.

$APLN $DILD $PJAA
Bear
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PJAA
1,600.00 10.00 (0.62%)
Pembangunan Jaya Ancol Tbk.
Last Update 02:54:11