Referring to data from the Indonesian Financial System Statistics by the Bank of Indonesia, property credit grew by 12.27% yoy to Rp946.42 trillion in November 2024 from Rp842.97 trillion in the same period last year. The growth was driven by landed houses loans (KPR) which recorded 9.87% yoy growth... [read more]

Inflation in Indonesia has dropped to the lowest year-end rate ever recorded by Statistics Indonesia since the first Consumer Price Index tracking started by the agency in the past 60 years ago. Statistics Indonesia (BPS) reported that last year’s Consumer Price Index (CPI) growth of 1.57% broke the... [read more]

The Minister of Public Works Dody Hanggodo aims to complete the construction of Semarang-Demak Toll Road in April 2027. The physical progress of the toll project on 23rd December 2024 was at 29.68%. Currently, the construction progress of Section 1 Semarang-Demak Toll Road has reached the Soil Impro... [read more]

In the launching ceremony of Coretax in the Ministry of Finance Office on Tuesday (31st December), President Prabowo Subianto reiterated that the 12% VAT must be implemented specifically on luxury goods and services. The reasons for this implementation including the public interest and to put fort t... [read more]

PT Modernland Realty Tbk. (MDLN) achieved Rp855 billion in marketing sales in the third quarter of 2024. This achievement was supported by the residential segment which contributed Rp648 billion or increasing by 18% from the previous quarter. However, this achievement was 21% less than its achieveme... [read more]