NEWS

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]

PT Jasa Marga Tbk, through its subsidiary PT Jasamarga Japek Selatan (JJS) reported that the progress of  South Japek II Section 3 (Tamanmekar-Sadang) as of January 2022, has reached 60.82%. By the end of 2021, JJS has realized Rp 3.95 trillion in capital expenditure on the South Japek II project. [read more]

The government has set the 2023 economic growth at 5.3% to 5.9% range. Consumption and investment are expected to be the main driver to achieve this target. The government also aimed to increase consumptions over 5%, or higher than the achievement in 2021 when it was recorded at 2%. The government a... [read more]

The January 2022 trade balance is estimated to be in the surplus, however with less value if compared to December 2021. The Chief Economist, David Sumual, stated that the suprlus will be in the US$200 billion range from the usual Rp3 to US$4 billion range. [read more]