Cowell Bags $163 Million Loan

JAKARTA (Indonesia Today) – Property developer PT Cowell Development Tbk (COWL) had in December 10, 2014 bagged loan of US$163 million from PT Bank QNB Indonesia Tbk and Qatar National Bank, Singapore branch. The loan has tenor of 7 years, used to fund its working...

Ciputra Allocates Rp4 Trillion for Expansion

JAKARTA (Yosefardi) – Property developer PT Ciputra Development Tbk (CTRA) plans to invest Rp2-4 trillion on 20 new property projects within next 10 years. The projects on pipeline, mostly housing segment, will be developed next year. For 2015, CTRA allocates...