The Central Bank of Indonesia (BI) might increase the  BI 7-Day Reverse Repo Rate (BI7DRR) from 5.75%, which has been applied since January 2023, to avoid further Rupiah depreciation against US Dollar which will result in the depletion of the foreign exchange reserve lead by foreign capital outflow... [read more]

The Central Bank of Indonesia's (BI) September 2023 Consumer Survey indicates that the consumers’ confidence in the economy remain strong. This is reflected by the September 2023 Consumer Confidence Index (IKK) which remains in the optimistic zone (>100) of 121.7. [read more]

Property developer Sinar Mas Land has officially entered into a strategic partnership with Samsung. Through its subsidiary, Samsung C&T Engineering & Construction Group (Samsung C&T-E&C Group), this collaboration with Sinar Mas Land is aimed at promoting the development of smart cities in Indonesia.... [read more]

The government plans to provide incentives to housing property developers who build balanced housing in the Nusantara Capital City (IKN). One of the implementations of the incentives are for business actors who carry out development outside the IKN region and have not yet implemented balanced housin... [read more]

The government has prepared a master plan for the development of Gelora Bung Karno (GBK) area following the clearing of Sultan Hotel on Wednesday, October 4, 2023. Previously, the GBK management, accompanied by the police, issued an official warning to PT Indobuildco, a company owned by Pontjo Sutow... [read more]