According to the Central Bureau of Statistics, the total of foreign tourist visits as of November 2023 was at 10.4 million visits or increased by 110.86% compared to the same period in 2022. Most of the tourists entered through I Gusti Ngurah Rai Airport at the total of 396.2 thousand visits or 43.2... [read more]

PT Bumi Serpong Damai Tbk. (BSDE) acquired a vacant land lot from PT Smart Telecom, a subsidiary of PT Smartfren Telecom Tbk. (FREN), on 27th December 2023 with a transaction value of Rp16.43 billion. The total land area of the plot is 2,134 square meters and it is located on Jalan Pahlawan Seribu,... [read more]

PT Hutama Karya (Persero) (Hutama Karya) stated that a number of toll road feeders in Riau Province and West Sumatra Province are aimed to be completed in 2024. As of 15th December 2023, the construction and land acquisition of Pekanbaru-Bangkinang Toll Road (STA 0-9 Km) have reached 100%. Additiona... [read more]

PT PP Properti Tbk. (PPRO) has initiated the hand over process of landed house units in Permata Puri Cibubur project in phases since the end of 2023. The residential project resides on Jalan Transyogi, Depok, West Java adopts the concept of cluster residential which provides a private and cozy atmos... [read more]

The Bank of Indonesia (BI) reported a Rp4.28 trillion influx of foreign capital in the domestic financial market on December 27th – 28th, 2023. In line with this influx, Indonesian 5 Years Credit Default Swap (CDS) was recorded at 68.92 basis points (bps) as of 28th December 2023 or increased from 6... [read more]