NEWS

The Ministry of Finance reported that the 2024 State Revenue and Expenditure Budget (APBN) recorded a deficit of Rp153.7 trillion as of August 2024, increased from Rp 93.4 trillion in the previous month. Meanwhile, the national revenue as of August 2024 was recorded at Rp 1,777.07 trillion or increa... [read more]

Greenwoods Group, the developer of Damara Village Jimbaran Hijau and Damara village Ubud Alaya Collection residentials, collaborates with Jimbaran Hijau in a Joint Operation (KSO) to develop Damara Estate Jimbaran Hijau. This project offers fully furnished units comprising types including Dyra, Dina... [read more]

Lippo Mall Kemang (LMK), one of the shopping centers operated by PT Lippo Malls Indonesia, recorded its tenants occupancy rate over 93% from the Total Net Lease Area (NLA) of more than 57,000 square meters. This increase was driven by several innovation breakthroughs including tenancy development wh... [read more]

The Bank of Indonesia (BI) decided to lower its key interest rate by 25 point basis (bps) to 6% in the September 2024 Board of Governor Meeting (RDG). In line with this decision, the deposit facility rate and the lending facility interest rates are also lowered by 25 bps to 5.25% and 6.75%, respecti... [read more]

The Nusantara Capital Authority (OIKN) stated that the groundbreaking ceremony for the eight phase of Nusantara Capital investment is set for Tuesday (24th September). The ceremony will be attended by Magnum Estate, a Russian investor who has shown the commitment to invest Rp2 trillion in Indonesia.... [read more]