The headline inflation rate, or annual consumer price index (CPI) growth, dropped to 2.51% in June, according to Statistics Indonesia (BPS), which marks a further drop from 2.84% logged in the preceding month. Headline inflation has been declining since March but it has remained within BI’s target r... [read more]

PT Dana Tabungan dan Asuransi Pegawai Negeri (Persero) or PT Taspen, through its business line, Taspen Properti, has signed a cooperation with a Japanese company, Mitsubishi Estate Co. Ltd. to continue the development of Oasis Central Sudirman with the transaction value of Rp10.6 trillion. The proje... [read more]

PT Hutama Karya (Persero) (HK) through its business entity, PT Hutama Karya Infrastructure (HKI) ensures that the Binjai - Bangkalan Brandan Toll Road, a section of the Trans Sumatra Toll Road will soon be fully connected and that the progress has reached 92.05%. The total length of the project is 5... [read more]

PT Perintis Triniti Properti Tbk. (TRIN) or Triniti Land recorded its marketing revenue at Rp 608.6 billion as of May 2024. This amount is 50.7% of the 2024 target of Rp1.2 trillion. The largest contribution to TRIN’s marketing revenue came from the Sequoia Hills project reaching Rp3213 billion or 5... [read more]

The Ministry of Transportation (Kemenhub) aims to complete the extended route of LRT Jakarta Phase 1B Velodrome-Manggarai in the third quarter of 2026. As of the second week of June 2024, the construction progress has reached 18.147%. In this phase, the LRT route will be extended by 6.4 kilometers,... [read more]