NEWS

The Rupiah remains depreciated. Based on data from Bloomberg, Rupiah was closed at Rp14,993 or depreciated by 0.15% from the opening today. The depreciation was due to the global uncertainty, especially due to global economic slowdown, stagflation threat and the aggressive increase in interest key r... [read more]

The Central Bank of Indonesia (BI), reported that Indonesia’s foreign exchange reserve by the end of June 2022 was recorded at US$136.4 billion or increased by US$0.8 billion from May 2022 when it was recorded at US$135.6 billion. [read more]

The construction of Christina Martha Tiahahu Literature Park has reached 80.8% completion. This park is the transit-oriented development of Blok M-Sisingamangaraja which comprises public spaces to support literary movement in Jakarta. The revitalization will also expand the green area by 11% from th... [read more]

PT Bank Jtrust Indonesia Tbk (J Trust Bank) has signed a cooperation agreement with PT Springhill Mizumi Serpong for house ownership funding in the Springhill Yume Lagoon residential area in Cisauk, Serpong, Tangerang. Springhill Yume Lagoon is a residential project constructed by Hankyu Hanshin Pro... [read more]

The property sector in Indonesia continues to show signs of recovery in line with the positive progress seen in the handling of the pandemic. The residential segment, particularly landed house projects, is expected to become increasingly prospective this year. In light of this, PT BSD Diamond Develo... [read more]