PT Summarecon Agung Tbk, launches its latest commercial project with the groundbreaking of Summarecon Villagio Jakarta Luxury Outlet (SVJLO) in the Summarecon Emerald Karawang area. SVJLO is planned to be opened in 2022 as a fashion destination, comprising various international and local brands by a... [read more]

The Central Bank of Indonesia (BI) has decided to keep its key interest rate or BI 7 Days Reverse Repo Rate in May 2021 BI Board of Governor Meeting at 3.50%. This policy is in line with the requirement for the central bank to maintain stable Rupiah and inflation rate. In addition, BI also kept the... [read more]

The Finance Minister, the Central Bank of Indonesia (BI) and the Coordinating Economic Minister announced the forecast for Indonesia’s Gross Domestic Product (GDP) to grow between 6.5% and 8.3% (yoy) in the second quarter of this year, indicating the first annual GDP growth since the Covid-19 pandem... [read more]

The Central Bureau of Statistics (BPS) recorded May inflation at 0.32%. The inflation rate was driven by an increase in demand in grocery sector during the Ramadan and Eid al Fitr. The year-to-date inflation was recorded at 0.90% while the year-on-year inflation was recorded at 1.68%. [read more]

The construction of Cinere-Jagorawi (Cijago) Toll Road Section 3 of 5.44 kilometers in length is aimed to be completed in 2022 with an operational start in 2023. Meanwhile, Section 1 and 2 of Cijago Toll Road have been inaugurated in 2021 and 2019, respectively. Currently, the land acquisition progr... [read more]