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

President Jokowi Inspects Prices at Danga Market, East Nusa Tenggara

Rabu, 06 Desember 2023 - 20:43 WIB

President Jokowi Inspects Prices at Danga Market, East Nusa Tenggara

President Joko “Jokowi” Widodo Tuesday (12/05) visited Danga Market in Nagekeo regency in Nusa Tenggara Timur province to inspect prices of basic necessities. The President pointed out that…

President Jokowi Enjoys Playing Football with NTT Residents

Rabu, 06 Desember 2023 - 20:39 WIB

President Jokowi Enjoys Playing Football with NTT Residents

The Wae Kesambi Football Field in Batu Cermin Village, Komodo District, West Manggarai Regency, East Nusa Tenggara (NTT) Province was busy with people on Monday (12/04). People were gathering…

President Jokowi Inspects Bulog Warehouse in Labuan Bajo

Rabu, 06 Desember 2023 - 20:35 WIB

President Jokowi Inspects Bulog Warehouse in Labuan Bajo

President Joko “Jokowi” Widodo on Monday (12/04) arrived at Komodo Airport, Labuan Bajo, East Nusa Tenggara province for a working visit. Upon his arrival at 04:30 p.m. Central Indonesian…

President Jokowi Applauds Gov’t Success in Hosting FIFA U-17 World Cup 2023

Rabu, 06 Desember 2023 - 20:32 WIB

President Jokowi Applauds Gov’t Success in Hosting FIFA U-17 World Cup 2023

President Joko “Jokowi” Widodo expressed appreciation for Indonesia’s success in hosting the 2023 FIFA U-17 World Cup. The President said that Indonesia received praise from FIFA for successfully…

Ilustrasi bank tanah di Jakarta

Rabu, 06 Desember 2023 - 20:27 WIB

President Jokowi Launches E-Land Certificate

President Joko “Jokowi” Widodo Monday (12/04) launched and symbolically handed over electronic land certificates (e-land certificates) to all recipients in all over Indonesia at the State…