The Central Bank of Indonesia (BI) decided to lower the key interest rate or BI 7 Days Reverse Repo Rate by 25 basis points (bps) to 3.5%. In addition, BI also lowered the deposit facility interest rate by 25 bps to 2.75% and lending facility to 4.25%. [read more]

Vista Land Group was optimistic that the property market will recover in 2021 and launching the Puri Harmoni 9 Extension, Cilengungsi, Bogor after it sold out Puri Harmoni 9. Puri Harmoni 9 Extension resided on a 11-hectare of land area with the capacity of 1,005 houses, comprising houses with a tot... [read more]

The Central Bank of Indonesia (BI) recorded the growth in house (KPR) and apartment mortgage in the fourth quarter of 2020 or improving by 3.42% annually (yoy) from 2.05% (yoy) in the third quarter of 2020. Based on the Residential Property Price Survey (SHPR), KPR and KPA mortgage disbursement also... [read more]

The Ministry of Transportation (Kemenhub) added four new sea tolls, totaling to 30 routes in 2021, comprising 106 ports (including 9 base ports and 97 transit ports). The additional routes are expected to increase goods distribution and economic developments in remote regions and undeveloped areas a... [read more]

The Central Bureau of Statistics (BPS) reported the January 2021 imports at US$13.34 billion or 7.59% lower than in December 2020 or month to month and decreased by 6.49% compared to January 2020 year on year. [read more]