PT Jakarta Setiabudi Internasional Tbk. ("JSI") is a real estate investment company and an operating holding company concentrating in the property and hospitality
Vision
To be a World Class Property Investment & Development Company
Mission
We Continuously Strive for Excellence
PT Jakarta Setiabudi Internasional Tbk (JSI) was founded by Mr. Darmadi in 1975
- As one of Indonesia's most prominent real estate businessman, Mr. Darmadi is known for his adherence to producing innovative, quality products and also his significant contributions to urban development.
- He pioneered developments which have led to the formation of Jakarta's commercial business district (CBD) in Thamrin and Rasuna Said, Jakarta's high-end residential area in Puri and Permata Hijau and luxurious resorts in Bali.
- The success of those developments has earned the trust and respect from international communities and lead to partnership with Mandarin Oriental, Hyatt International, Accor Asia Pacific, Itochu Corporation, Shimizu, Tokyu Land Corporation and Nomura.
- Apart from real estate, Mr. Darmadi's past and current global partners includes Nomura, Agip Oil, Shell Oil, American Cynamid, Toyobo in the finance, trading, textile, agriculture and chemical industry.
- Currently, Mr. Darmadi served as a member of Indonesia Presidential Advisory Board and is also actively involved in various non-profit organizations and community activities. His philosophy in personal and professional life is Care & Responsible, which has since become the Company’s culture.
1976 Opening of Skyline Building, the first office building in Thamrin (17,411 sqm) and the first investment made by Itochu in Indonesia.
1977 Setiabudi 1, the first office building (12,000 sqm) in Rasuna Said, Kuningan was built, which pioneered and transform the area into Jakarta's Commercial Business District (CBD)
1980 Permata Hijau Real Estate was built, a high end landed residential (78 ha) development in South Jakarta
1981 Setiabudi 2 Building (15,100 sqm) was built to expand Setiabudi 1
1983 Puri Indah Real Estate was built, a high end residential development (166 ha) in West Jakarta
1984 Following the success of Puri Indah, Taman Permata Buana (56.8 ha) was built in West Jakarta
1989 - Plaza Menteng was built, first retail shopping center (4,500 sqm) in the luxurious area of Menteng.
- Tamanpuri Setiabudi was built, a townhouse complex (40 units, 2.0 ha) strategically located at Kuningan, Jakarta
- Hotel Raddin Sanur was built, a beach resort with 196 rooms in 3.8 ha land.
1991 - Opening of Grand Hyatt Bali (636 rooms) in Nusa Dua, another investment partnered with Itochu.
- Setiabudi Atrium was built, which completed the Plaza Setiabudi complex, a landmark in Rasuna Said, comprising 3 office buildings with a total of 47,000 sqm leasable space in 2.9 ha land.
1992 Opening ceremony of Galeria Nusa Dua, one of Bali's first retail destination
1993 Tamanpuri Permata Hijau was built, a townhouse complex (51 units, 1.2 ha land) strategically located at Permata Hijau, Jakarta
1994 - Apartment Setiabudi (87 units) and Apartment Menara Budi (135 units) was built, both are strata-title apartments located in Kuningan area.
- Apartment Kuningan was built, a serviced apartment (104 units), also located in Kuningan area.
1997 Opening of Hyatt Regency Yogyakarta (269 rooms, 24.3 ha land)
1998 Initial Public Offering on the Indonesian Stock Exchange on 12th January, 1998
2002 JSI Limited Public Offering I (Right Issue I) on December 11, 2002.
2004 - Horison Hotel Ancol was rebranded into Mercure Convention Center
- Raddin Sanur was rebranded into Mercure Resort Sanur
2005 - PT Copylas Indonesia, a subsidiary of JSI, signed a MOU with Bogor Botanical Garden at the Puri Botanical Residence soft launching event, the first residential project with a botanical park concept
- JSI acquired ownership of PT Skyline Building from the Itochu Corporation, to be the majority shareholder with 65 percent ownership
- Launching of Setiabudi Residences, a 300 unit high end residential apartments in Kuningan, Jakarta
2006 - Bali Collection opening ceremony, a new entertainment and lifestyle center (25,391 sq, 8.1 ha land) in Nusa Dua, Bali.
- Opening of Hotel Formule 1 Menteng (135 rooms).
2007 Setiabudi Residences construction was finished and unit hand over to the buyers began
2008 Opening of Hotel Formule 1 Cikini (150 rooms)
2010 Launching of Hyarta Residence, a high end landed residential (72 houses) development in Yogyakarta.
2011 JSI launched Setiabudi SkyGarden, a high end residential apartment development with a total of 737 units (586 strata & 151 serviced).
2012 Formule 1 Menteng and Formule 1 Cikini was rebranded into Ibis Budget Jakarta Menteng and Ibis Budget Jakarta Cikini
2013 Following the success of Hyarta Residence, JSI launched Hyarta EcoVillage (79 houses and 9 shophouses) in Yogyakarta
2014 JSI opens POP! Hotel Kemang (110 rooms) , Jakarta and POP! Hotel Malioboro, Yogyakarta (103 rooms).
2015 - PT Belitung Resor Internasional was formed to launch new projects in Belitung.
- Setiabudi SkyGarden construction was completed and unit handover to buyers began.
2016 - JSI signed MoU with Tokyu Land Indonesia to launch a new residential development in West Jakarta
- PT Medan Raya Perkasa was formed to launch a new township development (674 ha) in Medan
2017 - JSI signed MoU with Wika for a residential development in West Jakarta
- Topping off Pop! Hotel Pemuda Semarang
- JSI awarded Most Valuable Business in 2017 by MVB
2018
- Opening of Pop! Hotel Pemuda Semarang (134 rooms)
2019 Opening of Hyatt Regency Bali (363 rooms)
Setiabudi 2 Building, 3A Floor
Jl. H. R. Rasuna Said Kav. 62
Jakarta 12920 Indonesia
Tel (62 21) 5220568 (Hunting)
Fax (62 21) 5255803, 5220580
Email contact_us@jsi.co.id
Fax (62 21) 5255803, 5220580
Email contact_us@jsi.co.id
GOOD CORPORATE GOVERNANCE
To be a world-class property investment and development company, managerial activity of JSI adapts Good Corporate Governance practice in accordance with prevailing law in Indonesia as well as best practice in property industry.
To establish this commitment, all JSI personnel in the Company refers to transparency, accountability, responsibility, independency and fairness principles. The commitment is evident from JSI’s effort to bring added-value property service to fulfill expectation of all shareholders and stakeholders.
CORPORATE GOVERNANCE PRINCIPLES
Corporate Governance principles consist of Transparency, Accountability, Responsibility, Independency and Fairness.
The implementation of these five principles of GCG can be seen in the various activities, among others:
Transparency
The Company upholds the principle of disclosure as a form of transparency in giving relevant information to all stakeholders. One of the efforts conducted is by always updating Company website www.jsi.co.id as the gate of information for the society/ public, investors or the shareholders. Periodically, Company’s disclosures are also done by publishing Financial Statements by Quarter, Bi-annual, and Annual, as well as Annual Report, Information
Disclosure Report or Public Expose every year in order to convey information concerning Company’s development at present or in the future.
Accountability
The Company stresses the rights, obligations, authorities and responsibilities of the Board of Commissioners, Board of Directors, and the stakeholders. Meetings to make strategic decisions are conducted regularly among members of the Board of Commissioners, Board of Directors, and Management.
Responsibility
As a public company that constantly put forward the GCG principles, compliance with the laws, regulations of capital market and Indonesia Stock Exchange (IDX), regulation of regional government and regulation on taxation, must be met for the long term interests of the shareholders.
As a part of its responsibility toward the society and the surrounding environment, periodically, the Company and its subsidiaries are involved in various activities of corporate social responsibility.
Independency
The management of the Company consists of professionals who are responsible to ensure that the business activities have been performed by anticipating the needs and expectations of market and also with due regard to the Corporate Governance principles. The decision-making is done independently and objectively for the best interest of the Company and the stakeholders.
Fairness
In conducting their duties, all employees and management are required to have professionalism and high integrity. All actions must be in accordance with the applicable system and procedures in Company’s Group.
The Company has authority that have functions to implement GCG in all strategic or operational activities of the Company. Jakarta Setiabudi Internasional JSPT