The Asian Development Bank (ADB) has lowered the economic growth projection in Asia and Pacific countries to 4.3% this year. Asian Development Outlook 2022 corrected its projection for the region to 4.9% in 2023, from 5.3% in its April projection. [read more]

Bank Indonesia (BI) increased its key interest rate by 50 bps to 4.25%, the second increase this year after the increase of 25 bps in August. BI also ensured that an aggressive or hawkish policy will not be adopted as several central banks have done, as Indonesia’s inflation is relatively manageable... [read more]

Agung Podomoro Group accelerates construction of its top residential clusters in Samarinda, namely The Premiere Hills and Bukit Mediterania Samarinda. This is to catch up with the construction of the new capital city in Penajam Paser Utara, East Kalimantan. General Manager of Marketing for The Premi... [read more]

The pandemic has not prevented consumers from investing in foreign real estate. This could be seen by the Sydney-based developer company Crown Group, which successfully made a sale transaction of Mastery by Crown Group from Indonesia amounting to IDR 106 billion. "Mastery by Crown Group has managed... [read more]

Pelangi Hotel Internasional (PHI) Group, the owner and operators of several hotels in Indonesia, signed a memorandum of understanding (MoU) with four hotels, namely Hotel Pelangi Inn Malang, Hotel The Forest Cisarua Bogor, Grand Pelangi Bontang and Hotel Weta Internasional Surabaya. "PHI is aiming t... [read more]