The Indonesian Hotel and Restaurant Association (PHRI) estimated that hotel occupancy may decline by approximately 30%-40% during this year’s fasting month, as most moslems prefer to not travel or stay at hotels during this period. Thus, PHRI suggest hoteliers to instead provide spaces for break fas... [read more]

The Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono stated that the Bogor Ciawi Sukabumi (Bocimi) Toll Road Section 3 Cibadak-Sukabumi will be completed soon. The project inauguration is estimated to be after the Eid al Ftr holiday. [read more]

The Bank of Indonesia recorded that consumers’ perception towards the current economic condition remains strong, as reflected by the current Economic Condition Index (IKE) at the optimistic zone of 110.9 in February 2024. From its official statement on Wednesday (13th March), the optimistic IKE was... [read more]

Gafoy culinary destination has entered the modern retail property market in Kelapa Gading, North Jakarta. The culinary destination is an extension of the Summarecon Mall Kelapa Gading and resides on a total land area of 11,000 square meters with lease area reaching 8,500 square meters. Gafoy will ho... [read more]

PT Metropolitan Land Tbk. (MTLA) aims for 5% growth in its marketing sales and recurring income or approximately Rp1.9 trillion throughout 2024. This target is in line with a number of MTLA’s new residential projects to be released this year. MTLA also allocates Rp750 billion from its internal and l... [read more]