The Bank Indonesia decided to hold the benchmark interest rate (BI Rate) at 6.25%, the deposit facility at 5.5% and the lending facility at 7% in its Board of Governors Meeting on 16-17 July 2024. The decision is consistent with the pro-stability monetary policy to ensure stable inflation rate withi... [read more]

According to the report from Statistics Indonesia (BPS), Indonesia's trade balance was recorded with US$2.39 billion surplus in June 2024. This surplus continued the trend in the last 50 years since May 2020. The surplus also declined by 18.15% from the previous year of US$2.92 billion. [read more]

Vasanta Group through its subsidiary, PT Pakuan Tbk, started the groundbreaking of Laguna Cluster in Shila at Sawangan Depok, West Java. The collaborative project with a subsidiary of Mitsubishi Corporation, PT MC Urban Development Indonesia (MCUDI), was launched by the end of 2022 with the total of... [read more]

The sales of apartment units in the superblock area of Ciputra World 2 Jakarta in the second semester of 2024 recorded 15%-20% growth from the same period in 2023. Currently, The Newton 2 is still offering units at prices starting from Rp1 billion per unit. The total units in The Newton 2 Tower are... [read more]

PT Hutama Marga Waskita (Hamawas), a subsidiary of PT Hutama Karya (Persero), has completed the construction of a section of the Trans-Sumatra Toll Road (JTTS) known as the Kuala Tanjung – Tebing Tinggi – Parapat (Kutepat) as of Juli 2024. The construction progress of Kutepat dual-lane reached 100%... [read more]