The Central Bureau of Statistics of Indonesia (BPS) recorded the annual inflation in December 2023 at 2.61%. This rate is lower than the annual inflation in November 2023 at 2.86%. The annual inflation pressure started to decrease in December 2023.  [read more]

PT Ciputra Development Tbk (CTRA) recorded its revenue with an 8.8% yoy decrease to Rp6.59 trillion compared to the same period in the previous year of Rp7.22 trillion. CTRA also recorded its net profit with a 22.6% decline to Rp1.18 trillion from Rp1.53 trillion. Meanwhile, its marketing sales was... [read more]

The Deputy of the Nusantara Capital Funding and Investment Agung Wicaksono stated that foreign investors cannot directly participate in the development of the Nusantara Capital City (IKN) as there are multiple selection phases for each different requirement to be met. A number of foreign investors w... [read more]

The ParkRoyal Hotels and Resorts plans to operate four properties in Asia Pacific in 2024. Two of them including ParkRoyal Serviced Suites and ParkRoyal Jakarta, both located in the Luminary Tower, an integrated development in Thamrin Nine. Luminary Tower is the second tallest structure in Indonesia... [read more]

President Joko Widodo (Jokowi) is scheduled to inspect the development of Nusantara Capital (IKN) in his work travel in the coming weeks to conduct groundbreaking of 10 to 12 projects. Meanwhile, the Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono stated that the progress of th... [read more]