Arrayan Group to develop a commercial area in the boulevard of Villa Kencana Cikarang, Cikarang, Bekasi, West Java on a total land area of 4 hectares. The project will comprise no less than 430 units of commercial property, including one-story houses for business or runita and shophouses. Prices off... [read more]

PT Hutama Karya (Persero) to operate Indrapura-Kisaran Section II (Lima Puluh-Kisaran) Toll Road which has the total length of 32.15 kilometers. This toll project is a part of the Indrapura-Kisaran Section I (Indrapura-Lima Puluh) Toll Road which has been operating since November 2023. The functiona... [read more]

PT Suryacipta Swadaya to operate Subang Smartpolitan in the fourth quarter of 2024. One of pioneers of global electric vehicle industry, BYD has confirmed its presence in Subang Metropolitan. The presence of BYD’s electric vehicle factory also confirms the industrial estates’ attraction  as the lead... [read more]

The Ministry of Public Works and Housing Basuki Hadimuljono stated that the construction progress of Nusantara Capital (IKN) has reached 81% as of May 2024. The minister also stated that a number of infrastructure projects are aimed to be operational in stages starting from June to August 2024.  [read more]

Bank Indonesia (BI) estimates the Federal Reserve will cut its key interest rate in December 2024 in response to the economic fluctuation in the United States. Nationally, BI estimated the 2024 economy to remain in the 4.7% to 5.5% range and that in the second quarter of 2024, the economy will remai... [read more]