Vasanta Group will collaborate with Baim Wong through Tiger Wong Entertainment (TWE) in developing a food and beverage area and an entertainment area in the Eco Town  area in Sawangan, Depok on a total land area of 4,420 square meters. The TWE Restaurant will also adopt the concept of nature which i... [read more]

Citra Swarna Group (CSG), through its subsidiary, PT Bumi Arta Sedayu, has acquired a four-star hotel in Palembang, South Sumatra from PT Bank QNB Indonesia Tbk with the acquisition value of Rp51 billion. This acquisition is aimed to obtain new potential from out of Jakarta, Karawang, Bogor and Sera... [read more]

PT Hutama Karya (Persero) expanded the Padang-Sicicin Toll Road with 14 underpasses by adopting several methods during construction which reduce disturbance to the public’s activities, including the use of Hydraulic Static Pile Driver (HSPD) for the installation of pile foundations to reduce the vib... [read more]

The Groundbreaking of Tanjung Carat Port project in Banyuasin Regency, South Sumatra has been planned for 2024, as stated by the Minister of Transportation Budi Karya Sumadi in the Limited Meeting with South Sumatra Governor Agus Fatoni on Saturday (10 October). Currently, the certifications, design... [read more]

Bank Indonesia (BI) raised its benchmark interest rate on October 19, 2023. BI raised the BI 7-day reverse repo rate (BI7DRRR) by 25 basis points to 6%. [read more]