PT Serpong Bangun Cipta through Cipta Harmoni Lestari (CHL) Group, a subsidiary of Harita Group, continues to accelerate the construction of Mazenta Residence Bintaro. Currently, the construction progress has reached 30% and the handover is planned for June 2023. The landed housing project was launc... [read more]

PT Pakuan Tbk (UANG) through its subsidiary, PT Jakarta Investindo Indonesia (JII), formed a joint venture company with PT Lotte Land Indonesia (LLI) to create PT Lotte Land Sawangan (LLS) with JII owns 30% of the shares and LII 70%. LSS is aimed to work in the real estate sector. JII has paid Rp131... [read more]

The Minister of Public Works and Housing (PUPR) Basuki Hadimuljono aims to complete all Bogor-Ciawi-Sukabumi (Bocimi) toll roads by 2024. Currently, the ongoing progress of the section 2 of Cigombong-Cibadak lane with the total length of 11.9 kilometers has reached 86% with the completion planned in... [read more]

President Joko Widodo (Jokowi) will inaugurate two new toll lanes, namely Serpong-Balaraja Section 1 of 4 kilometers in total length in the Jakarta Outer Ring Road (JORR) 3 and Cibitung-Cilincing land in JORR 3. The president will also inaugurate the Cibitung-Cilincing toll road, a part of JORR 2. T... [read more]

The Asian Development Bank (ADB) has lowered the economic growth projection in Asia and Pacific countries to 4.3% this year. Asian Development Outlook 2022 corrected its projection for the region to 4.9% in 2023, from 5.3% in its April projection. [read more]