PT Pakuwon Jati Tbk, through its subsidiary PT Grama Pramesi Siddhi, officially opened Pakuwon Mall Bekasi in Bekasi, West Java, on Friday (22nd November). The mall is designed to have the total net leasable area (NLA) of 45,300 square meters. This shopping center is a part of the Pakuwon Bekasi Sup... [read more]

Indonesian Hotels and Restaurants Association (PHRI) chairman Hariyadi Sukamdani, said that the average occupancy rate in the hotel businesses was projected to decline to 45% from around 50% recorded during the Christmas and New Year season last year. On the national scale, the occupancy rate may de... [read more]

Bank Indonesia (BI) has kept its benchmark interest rate unchanged, at 6%, stressing its priority is to stabilize the rupiah amid a strengthening United States dollar following Donald Trump's reelection and heightened geopolitical risks. BI stated it would support economic growth by implementing a l... [read more]

PT Agung Podomoro Land Tbk concluded the divestment of Pullman Hotel Ciawi Vimalis Hills Resort Spa & Convention, Ciawi through its subsidiary PT Putra Adhi Prima (AP) to PT Bangun Loka Indah (BLI). The proceeds will be allocated to finance a number of its property projects and debt payment. As of S... [read more]

Vasanta Group and PT MC Urban Development Indonesia (MCUDI), a subsidiary of Mitsubishi Corporation, launched a new project named Myztro in Shila at Sawangan, Depok. The integrated city development offers flagship facilities and lake view residences. Myztro is located within the Riverie Cluster, com... [read more]