The Residential Property Price Survey (SHPR) from Bank Indonesia (BI) indicates that residential property prices in the primary market grew in the fourth quarter of 2023 by 1.74% yoy, lower than 1.96% yoy recorded in the third quarter of 2023. The growth was reflected by growth of sales by 3.27% yoy... [read more]

The Hyatt Place officially operates Hyatt Place Makassar in Indonesia, located at Jl. Jend Sudirman 31, South Sulawesi, on Saturday (17th February). This hotel is the third property collaboration between Paradise Indonesia and Hyatt Hotels Corporation. In developing the 31 floors hotel, Paradise Ind... [read more]

Based on data from the Central Bureau of Statistics (BPS), Indonesia’s trade balance was recorded with US$2.02 billion surplus in January 2024, continuing the uptrend in the last 45 months since May 2020. However, the value of the surplus in January 2024 was 38.60% lower than in the previous month w... [read more]

The Finance Ministry’s draft of Macroeconomic Projection and Fiscal Policy (KEM-PPKF) projects the economy will grow between 5.5% and 6% in 2025, considerable stronger than the GDP growth of around 5% for the most of the past decade, except the years of the Corona Virus pandemic and subsequent recov... [read more]

PT Gudang Garam Tbk will develop the Kediri-Tulungagung Toll Road project in East Java Province through PT Surya Sapta Agung Tol (SSAT), a joint operation entity with PT Suryaduta Investama. The establishment of SSAT is to comply with the regulation as stated in the Appointment Letter of the Ministr... [read more]