Bank Indonesia (BI) decided on Thursday to hold its benchmark Seven Day Reverse Repo Rate (7DRRR) at a record-low of 3.5% to ensure financial stability as the outbreak of the Delta variant of the coronavirus compels investors to divert funds from developing to developed countries. BI also kept the d... [read more]

The Ministry of Agrarian Affairs and Spatial Planning/National Land Agency (ATR/BPN) has issued several Government Regulations (PP) as derivatives of Law No. 11 of 2020 concerning Job Creation (UUCK) to solve challenges in the property investment sector. The five new regulations include Right to Man... [read more]

PT Jaya Sukses Makmur Sentosa Tbk (Tanrise Property) targets for Rp 300 billion in marketing sales in 2021 by maximizing online marketing. In 2020, Tanrise Property recorded Rp 152 billion in revenue with the largest contribution coming from the townhouse and hotel segments. Despite the challenges d... [read more]

PT Bumi Serpong Damai Tbk recorded Rp 4.5 trillion in marketing sales in the second quarter of 2021 or 56% higher than the same period in 2020 of Rp 2.9 trillion. This amount was equal to 65% of the targeted marketing sales for this year at Rp 7 trillion. The sales in residential segment contributed... [read more]

Paramount Pictures dan PT Kios Ria Kreasi will develop the largest theme park in Southeast Asia, in Taman Kerti Bali Semesta, Pekutatan Jembrana, Bali Province. The theme park project is strategically located in the development area of Gilimanuk-Mengwi Toll Road which spans 95 kilometers in length.... [read more]