The Central Bank of Indonesia (BI) reported that the July 2023 consumer survey has been indicating relatively strong consumer confidence in the economy. This was also reflected in the July 2023 Consumer Confidence Index (IKK) which remained in the optimistic zone (>100) of 123.5. The relatively stro... [read more]

The Central Bureau of Statistics (BPS) reported that Indonesia’s economy grew by 5.17% (yoy) in the second quarter of 2023 from the second quarter of 2022. From the production side, the transportation and logistics sector recorded the highest growth of 15.28%. Based on the Gross Domestic Product on... [read more]

PT Jaya Real Property Tbk. (JRP) is committed to provide collaborative and inspiring spaces for young entrepreneurs and creative workers to initiate and develop their businesses in the Bintaro Creative District by conducting various workshops in Creativo Experiences (Sales Gallery Tower Creativo), i... [read more]

Property developer Sinar Mas Land through PT Bumi Serpong Damai Tbk. (BSDE) and Astra Land Indonesia, plan to develop a housing project in the Cibubur area covering an area of approximately 80 hectares. BSDE Director, Hermawan Widjaya, stated that they are currently preparing the land this year, and... [read more]

The Nusantara Capital City (IKN) Authority and the government stated that seven investors, including six domestic investors from five sectors have reached an agreement to ground break their projects in August-September 2023. The five sectors comprising hospitals, schools, mixed-use areas, office spa... [read more]