Meikarta

Management & Corporate Governance

Tycoon Riady sees no 'more hiccups' in US$18 bil project

SINGAPORE (Mar 13): Indonesia’s Lippo Group sees no “more hiccups” in its flagship US$18 billion ($24.4 billion) township project near Jakarta as a new fundraising plan helps alleviate liquidity concerns.

Credit downgrade

Lippo Karawaci says Fitch credit downgrade 'regretted'; fund-raising progressing smoothly

SINGAPORE (Nov 20): Indonesian property developer Lippo Karawaci has expressed regret over a credit downgrade by Fitch Ratings, saying its IDR 6 trillion ($564 million) divestment plan to strengthen capital was progressing smoothly.

Corruption probe

Arrests leave one of Southeast Asia's biggest projects in limbo

(Oct 18): The arrest of a senior executive at Lippo Group, one of Indonesia’s leading business conglomerates, has thrown into doubt the future of a major development project touted as the “Shenzen of Indonesia.”

Corruption probe

Indonesia arrests nine in bribery probe linked to $29 bil Lippo Group project

JAKARTA (Reuters): Indonesia’s anti-corruption agency has arrested nine people, including a top district government official and a company director, in a bribery investigation linked to the Lippo Group’s US$21 billion ($29 billion) Meikarta real estat
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