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

Panen Padi (Foto Dok Industry.co.id)

Minggu, 27 Mei 2018 - 22:30 WIB

City of Bekasi Generates 3,325 Ton of Rice

Bekasi - Agriculture Agency of Bekasi City, West Java, noted that rice fields in the local area produce 3,325 tons of rice harvested within a year.

Kopi Indonesia (Foto Ist)

Minggu, 27 Mei 2018 - 22:00 WIB

Coffee of Pasirwangi Garut Farmer Products Interesting Abroad

Garut - Coffee produced by farmer D'Arffi brand in Pasirwangi District, Garut regency, West Java, attracted many coffee lovers from overseas, in addition to able to meet the needs of the national…

Coordination meeting on the preparation of the Asian Games XVIII

Minggu, 27 Mei 2018 - 21:54 WIB

Thousands of Artists Will Enliven The Opening of the 2018 Asian Games

A total of 5,500 artists will enliven the opening and closing ceremony of the Asian Games 2018 which will take place August 18 and September 2 in Jakarta and Palembang.

Taman Impian Jaya Ancol (Foto Dok Industry.co.id)

Minggu, 27 Mei 2018 - 21:50 WIB

Ancol Predict 1.28 Million Visitors During Eid Holiday 2018

The management of Taman Impian Jaya Ancol predicts the number of visitors to the tourist area in North Jakarta during Eid 2018 has increased about 14 percent compared to the Eid holiday season…

Illustration of Foreign Tourist Visits (Wisman)

Minggu, 27 Mei 2018 - 21:44 WIB

Japanese and British tourists to Bali ascending

Japanese and British tourists enjoying holiday destinations on the island of Bali in the first quarter of 2018 increased by 4.24 percent and 16.34 percent respectively compared to the same quarter…