Metropolitan Land Add Land Bank Up to 100 Hectares

By : Hariyanto And Aldi Firhand. A | Wednesday, August 09 2017 - 15:59 IWST

PT Metropolitan Land
PT Metropolitan Land

INDUSTRY.co.id - Jakarta - Throughout the year 2017, PT Metropolitan Land Tbk (MTLA) has increased the number of land banks up to 100 hectares.

The company's financial director, Olivia Surodjo, said that the additional land bank will use capital expenditure (capex) this year.

"We have added land bank up to 100 hectares, bought using capex funds," said olivia at the Indonesia Stock Exchange Building, Tuesday (08/08/2017).

Capex funds used in the purchase of this land reached more than Rp160 billion, higher than the previously budgeted budget of only Rp160 billion.

Meanwhile, the absorption of capex up to July 2017 from the company has reached Rp258 billion or has more than 50% of total capex in this year is budgeted at Rp540 billion.

In addition, this year the company plans to lend to the bank with a total of Rp300 billion. Unfortunately, Olivia is still reluctant to explain which banks will be creditor and will be used for what will this fund.

"If the debt is likely to add bank debt, approximately Rp300 billion but can not say the use and the bank," she said.

News Comment

Today's Industry

Huawei earns MOCN Partners Award from Indosat

Rabu, 31 Mei 2023 - 16:30 WIB

Huawei Recognized as Outstanding Partner from Indosat in MOCN Partner Awards for Successful Network Integration

Indosat Ooredoo Hutchison (Indosat), has achieved a significant milestone in its mission to connect and empower the people of Indonesia, after completed the merger in January 2022.

65 years APO Tokyo

Rabu, 31 Mei 2023 - 15:28 WIB

65th Session of the APO Governing Body in Mongolia: Assessing Progress, Celebrating Milestones, Shaping the Future

The Asian Productivity Organization (APO) successfully concluded the 65th Session of its Governing Body (GBM) with representatives of 19 APO member economies attending in Ulaanbaatar, Mongolia,…

World Fishing Championship, the First Fishing Game on WEMIX PLAY, Launches in 170 Countries (Graphic: Wemade)

Rabu, 31 Mei 2023 - 15:00 WIB

World Fishing Championship, the First Fishing Game on WEMIX PLAY, Launches in 170 Countries

Wemade officially launched World Fishing Championship, a fishing game developed by Wemade Plus, on May 25th in 170 countries.

President Jokowi launched the IKN logo, Tuesday (30/05/2023), at the State Palace, Jakarta. (Photo: Public Relations of Setkab/Agung)

Rabu, 31 Mei 2023 - 14:35 WIB

President Jokowi Launches IKN Logo Themed Tree of Life

Indonesian President Joko Widodo (Jokowi) officially launched the Indonesian Capital City logo (IKN), Tuesday (30/05/2023), at the State Palace, Jakarta.

Falcon 40B," the UAE's first large-scale AI model, is now open source for research and commercial use. (Photo: AETOSWire)

Rabu, 31 Mei 2023 - 14:05 WIB

UAE's Technology Innovation Institute Launches Open-Source "Falcon 40B"

The Technology Innovation Institute (TII), a leading global scientific research center and the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), today strengthened…