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Supporting the National Economy through KUKM, PPRO Collaborates with Smesco Indonesia

Jakarta, 29 March 2022 – 2022 is the right year for all industries including the Company to bounce back. The government is very optimistic that the economy will rise this year, marked by an increase from 2020 (the initial year of the pandemic) by 2.07%, increasing to 3.69% in 2021, this calculation is measured by the amount of Gross Domestic Product (GDP) at current prices. (ADHB), is expected to increase further in 2022. One of the supporting factors for increasing economic growth is the Indonesian MSME sector.

According to Article 33 paragraph 4 of the 1945 Constitution, UMKM is part of the national economy which is self-reliant and has great potential to improve people’s welfare. MSMEs themselves contribute to GDP by 61% and absorb labor as much as 97% of the total national workforce. On this basis, PPRO (stock code: PPRO) as a developer company which has 36 residential (landed houses & apartments), 11 Malls & Edutainment and 6 hotels cooperates with one of the official institutions of Cooperative and MSME Marketing Services (LLP-KUKM) under the Ministry of Cooperatives and SMEs of the Republic of Indonesia, namely SMESCO Indonesia. SMESCO has 63,566 businesses divided into 94% Micro Enterprises, 6% Small Enterprises and 1% Medium Enterprises. Departing from this, PPRO and SMESCO signed a Memorandum of Understanding on “Formation of Cooperation in the Development of Cooperatives and Small and Medium Enterprises to Support the Economic Recovery of KUKM” on March 30, 2022 at the SMESCO Building Jl. Gatot Subroto, Jakarta.

President Director of PT PP Properti Tbk, Mr. I Gede Upeksa Negara who attended the signing of this Memorandum of Understanding said, “This signing is our first step in supporting the government’s focus on the National Economy in the MSME sector in Indonesia.” said Mr. I Gede Upeksa Negara. “Through our several projects spread across several cities in Indonesia, PPRO synergizes with SMESCO in terms of providing location/space access for MSME friends,” added Gede.

For information, SMESCO will share several of its MSMEs under construction in several PPRO project locations that have available space and open access for MSMEs with strategic project locations close to ports, airports, toll roads and other accesses. This collaboration is carried out with the aim of developing, improving, promoting and socializing as well as exchanging information with MSME partners. PPRO and SMESCO also carry out comprehensive marketing covering aspects of best use, operational technical, commercial, financial, feasibility, legality, and risk.

“We hope that with this collaboration, the MSME sector will grow and develop with a wider scope and as a facility for our customers to reach the availability of household needs,” Close Gede.


About PT PP Properti Tbk :

PT PP Properti Tbk (stock code: PPRO) is a BUMN subsidiary of PT PP (Persero) Tbk (stock code: PTPP). The Company was established in December 2013, but has had experience since 1991 and the Company has now been a listing company on the Indonesia Stock Exchange since May 2015. In 2017, the Company split its share value from Rp. 100 (one hundred rupiah) to Rp. 25 (twenty five rupiah). The Company has 3 (three) business segments, namely Residential, Commercial and Hospitality. Since 1991 until now The company developed around 53 projects including 35 Residential, 12 Mall & Edutaiment, and 6 Hospitality.

For further information, please contact:
Corporate Secretary
Deni Budiman
PT PP Properti Tbk.
Plaza PP 7th Floor
Jl. TB Simatupang No.57
Rebo Market, Jakarta 13760
Tel : 021 – 8779 2734
Fax : 021 – 8779 2947

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