NEWS

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]

PT Perintis Triniti Properti Tbk. (TRIN) aims to achieve Rp1.3 trillion in its 2024 marketing sales target. As of April 2024, the total marketing sales achieved by TRIN reached Rp426.2 billion or approximately 35% of the total target for 2024 at Rp1.2 trillion. According to its strategy, TRIN will l... [read more]

The Central Bureau of Indonesia (BPS) recorded the national economic growth by 5.11% yoy in the first quarter of 2024. This is the highest first quarter growth since 2015. Based on World Economic Outlook publication from the International Monetary Fund (IMF) in April 2024, Indonesia’s economic growt... [read more]

PT Intiland Development Tbk (Intiland) 30% increase in revenue from the housing segment in the first quarter of 2024 compared to the same period in 2023, rising from Rp126.55 billion to Rp164.33 billion. The increase was driven by the recognized sales of landed houses with the largest contribution c... [read more]