PT Lippo Karawaci Tbk. (LPKR) and Cove have collaborated to launch the “Cove Hillcrest”, a residential which adopts the concept of a co-living for students in Lippo Karawaci, Tangerang, close to the Pelita Harapan University (UPH) and Siloam Karawaci Hospital. The two-story building comprises 138 ro... [read more]

Mitsubishi Corporation and Sinar Mas Land through PT BSD Diamond Development, launched Daikanyama, a multi-function commercial property in the exclusive residential The Zora, BSD City. The project adopts the concept of a commercial business living for four-story house units with exclusive entrance a... [read more]

Based on the report in June 2021 named “Global Economic Prospects,” the World Bank forecast that the global economy in 2021 will grow by 5.6% after contracting at minus 3.5% in 2020 with the inflation at 3.9% from 2.5% in 2020. Specifically, the Indonesian economic growth in 2021 is estimated at 4.4... [read more]

The Special Economic Zone (KEK) Batam Aero Technic (BAT) and KEK Nongsa Digital Park (NDP) on Batam Island, Riau Island Province (Kepri) aims to secure up to Rp 23.2 trillion in investment with each reaching Rp 7.2 trillion and Rp 16 trillion, respectively. The two KEKs are brown field projects in n... [read more]

The Ministry of Transportation will add 26 sea toll routes in 2021 and 30 routes in 2022 with the budget allocation of Rp435 billion. Several sea-toll bases include Tanjung Priok, Tanjung Perak, Teluk Bayur, Makassar, Bitung, Merake, Biak dan Timika. As of May 2021, 26 sea toll routes recorded a tot... [read more]