The government is confident that Indonesia’s economy will grow in the 5.1%-5.4% range this year. The increase in subsidized and unsubsidized fuel prices is estimated to affect the economic growth relatively low, at approximately 0,09%. Currently, Indonesia’s economy continues to show a strong recove... [read more]

The Central Bank of Indonesia’s Consumer Survey in August 2022 indicated that consumer confidence in the domestic economy had increased. This was reflected in the August 2022 Consumer Confidence Index (IKK) that reached 124.7 from 123.2 in July 2022. [read more]

PT Lippo Karawaci Tbk (LPKR) has shown its commitment to join the United Nations (IN) Global Compact as of August 2022 regarding the implementation of PBBm sustainable principles in line with the sustainable effort to implement ESG (Environment, Social, and Good Governance) principles in the real es... [read more]

The Ministry of Public Works and Public Housing (PUPR) obtained an additional budget allocation of Rp5.1 trillion for infrastructure development in the New Capital City (IKN) Nusantara for the 2022 Budget Year (TA), comprising 98 packages of infrastructure construction projects. Furthermore, the min... [read more]

Challenges in selling apartments due to the current economic uncertainty, wait and see approach by the middle class and the fierce competition in the apartment market do not discourage Astra Property to launch its latest product, Garden Villa. Garden Villa is integrated with Arumaya Residence and ad... [read more]