The Central Bank of Indonesia recorded that by the end of February 2022, Indonesia’s foreign exchange reserve reached US$141.4 billion, slightly higher than US$141.3 billion in the previous month. This increase was affected by foreign loan withdrawal and tax and service revenues. The central bank be... [read more]

The Minister of Coordinating Economy Airlangga Hartarto stated that a strong synergy between the government and all stakeholders, including the financial service providers is required to boost national economic recovery. In 2022, the government aims to achieve 5.2% (yoy) economic growth with the pan... [read more]

Alam Sutera has launched the landed houses named Sutera Sawangan, Depok. The project is aimed at the millennials and Gen Zs in Indonesia and is located on a total land area of 3.5 hectares. Sutera Sawangan offers various types including Topaz which has 84 sqm land area and 75 sqm of building area at... [read more]

The Central Bank of Indonesia (BI) reported that the Residential Property Price Index (IHPR) was recorded at 1.47% year on year (yoy) in the fourth quarter of 2021, higher than in the previous quarter of 1.41% yoy. Based on the Residential Property Price Survey (SHPR), BI indicated the recovery in r... [read more]

PT Puri Wahid Pratama, the owner of Cibinong City Mall (CCM) has appointed PT Adhi Persada Gedung (APG) as the main contractor to construct the CCM 2 project, specifically on its structure, architecture and piping. Cibinong City Mall 2 is designed to have five stories with the total of 50,000 square... [read more]