The Central Bank of Indonesia (BI) revised its estimation for 2021 national economic growth to range between 4.1% and 5.1%. Previously, BI estimated the national economy to grow between 4.3% and 5.3%. [read more]

The Central Bank of Indonesia (BI) set the 7-Days Reverse Repo Rate in the Board of Governors Meeting April 2021 to 3.50%, to maintain stable Rupiah. BI also kept the Deposit Facility at 2.75% and the Lending Facility at 4.25%. [read more]

PT MRT Jakarta aims to complete the development of segment 1 MRT Phase 2A of CP201 contract package which includes Bundaran HI to Harmoni in April 2025, while Phase 2A MRT Harmoni-Kota to be completed in 2027. The progress of segment 1 MRT Jakarta phase 2A as of March 2021 has reached 12.58%. [read more]

Sinarmas Land Ltd. sold its freehold office and residential properties in London, England at £72 million (Rp1.46 trillion). The property named Unlimited House is located at 10 Great Pulteney Street is owned by its subsidiary, SML Great. The freehold property comprises a Grade A office space with the... [read more]

As of today, the e-commerce sector has absorbed approximately 20% of the warehouse business in industrial estates near the capital or other large cities. This year, the Indonesian Employers Association (APINDO) estimated that warehouse businesses may grow between 20% and 30% ranges. [read more]