The Central Bank of Indonesia (BI) Board of Governor Meeting on 18-19 August 2021 decided to keep the BI 7 Days Reverse Repo Rate (BI-7DRR) at 3.5%. BI also held the deposit facility interest rate at 2.75% and the lending facility interest rate at 4.25%. BI estimated the economy to grow between 3.5%... [read more]

The Ministry of Investment/Investment Coordinating Board (BKPM) will ease the investment permits for investors to start their businesses in Indonesia. These eases include the launch of the Online Single Submission Risk Based Approach (OSS-RBA) officiated by President Joko Widodo on 9th August 2021.... [read more]

The Waterfall by Crown Group designed by SJB won the City of Sydney Lord Mayor’s Prize at the NSW Architecture Award 2021. The Waterfall by Crown Group is a residential development worth Rp 4 trillion in investment. It comprises 321 apartment units located in the integrated four residential towers a... [read more]

Grand Wisata Bekasi launched its second phase of O8 Perfect Home cluster, comprising 60 units prior to the official launching date on 30 July 2021 and it was due to oversubscription in the first phase. The cluster offers a feature of smart digital home and full-furnished furniture. The two-story hou... [read more]

PT Waskita Karya (Persero) Tbk recorded a net profit of Rp 33.4 billion in the first semester of 2021. During the first half of 2021, Waskita recorded Rp 4.7 trillion in revenue with a gross profit recorded at Rp 172.9 billion. As of 30 June 2021, Waskita obtained new contracts worth Rp 3.1 trillion... [read more]