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View all search resultsWith its market debut on the IDX in early August, Bukalapak managed to raise Rp21.9 trillion ($1.5 billion) in an IPO that was oversubscribed by nearly 900 percent, making it the largest IPO to date on the local exchange.
The downward trend in the occupancy rate of commercial property is expected to continue this year in Jakarta and Surabaya, even as new real estate is set to open in the two cities to add to the supply glut.
The recent discovery of a COVID-19 cluster in the Agriculture Ministry has added to a growing list of such office outbreaks and had raised concerns about possible transmission between animals and humans in Indonesia.
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