Property developer PT Agung Podomoro Land plans to spend an estimated 20.3 trillion rupiah ($1.67 billion) on 10 projects across Indonesia until 2017, said Investor Relations Officer Wibisono.
The firm expects to complete its "Borneo Bay" five-hectare land reclamation project, worth 1.5 trillion rupiah, in Balikpapan, East Kalimantan, in 2016. (Investor Daily)
Note: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 12180 rupiah) (Compiled by Jakarta Newsroom; Editing by Subhranshu Sahu)