Indonesia: Jakarta offices and apartments, the new capital at Nusantara, and the industrial estates around Batam and Bekasi.
PETALING JAYA (Nov 6): Avillion Bhd said its wholly-owned subsidiary Avillion Hotel Group Sdn Bhd (AHG) maintains that it had acquired all beneficial interests in and rights of control over Villa Cinta in Bali, Indonesia, amid a claim by the property's registered titleholder over its occupation and use. In a Bursa Malaysia filing on Thursday (Nov 5), the group said AHG had advanced 29 billion rupiah (about RM6.49 million) to PT Avillion Indonesia (PTAI) former director Shirley Winarso under a loan agreement dated March 18, 2013, solely to acquire Villa Cinta, including its buildings and immovable improvements. The advance formed part of the purchase consideration.
Singapore's DBS Bank has dismissed as untrue a rumour circulating on Indonesian social media that BCA, Indonesia's largest private bank, would absorb its Indonesian subsidiary. The denial follows a 7% jump in BCA's share price on Wednesday, with traders citing the rumour as the catalyst.
Indonesian authorities are investigating allegations that inmates at Cibinong prison in Bogor, West Java, were given access to luxury accommodation and facilities, including apartment-style rooms, a gym and a golf simulator. The findings were made during a surprise inspection by the Indonesian Ombud
A new harbour in Sanur, operational since 2022, has simplified access to Nusa Lembongan, reducing a previously bumpy crossing to a 30-minute fast-boat ride. The island offers beachside dining, surf and dive sites, yoga studios and stylish stays, with easy connections to neighbouring Nusa Ceningan an
Indonesian architect Andra Matin has completed a bold black house in Bintaro, Jakarta, with almost no visible windows, designed for a privacy-conscious female homeowner. The 300 sq m house uses narrow openings, greenery and reflective pools to bring in light and air while keeping interiors cool with