The Fitch Ratings Agency is confident that Indonesia will achieve less than 3% of Gross Domestic Product fiscal deficit (GDP) in 2023. This estimation is supported by the decline of fiscal deficit this year at 4.3% of GDP or 4.6% less than in 2021. Furthermore, Fitch also stated that government debt... [read more]

The Central Bank of Indonesia (BI) recorded the money in circulation or money supply (M2) reached Rp7,854.8 trillion or 12.1% higher annually (year-on-year/yoy) in May 2022. This growth was slower compared to the previous month when it was recorded at 13.6% yoy. [read more]

PT Modernland Realty Tbk launches Mahakam The Signature Cluster in Jakarta Garden City (JGC), in East Jakarta. Mahakam The Signature is located in Mahakam phase 2 on a total land area of 2.1 hectares. Its strategic location can be accessed from CBD JGC in five minutes and just a step from the River... [read more]

Vista Land Group is confident the property market will recover this year. Since its establishment in 2007, Vista Land Group has constructed the total of approximately 55,000 subsidized houses and commercial units in 35 project locations, most of which are located in the Greater Jakarta Area. This ye... [read more]

PT Saraswanti Indoland Development Tbk plans to develop the Arjuna dan Bima Apartment Towers in Mataram City, a mixed-use complex in Yogyakarta in the second semester of 2022 which comprises 658 units. In addition to the apartment towers, SWID has also planned to develop Banyu Bening landed house pr... [read more]