The Central Bank of Indonesia (BI) recorded improving retail sales in November 2020 as shown by the November 2020 Real Sales Index (IPR) with -0.4% growth monthly (mtm). This contraction was also lower from the contraction in October 2020 of -5.3% mtm. Annually, the retail sales performance in Novem... [read more]

Indonesia’s economy in the fourth quarter improved after in the second quarter contracted by 5.32% and in the third quarter improved with less contraction at -3.49% due to the National Economic Recovery (PEN) program from the government of Rp695.2 trillion budget. The government will continue the PE... [read more]

Tanrise Property allocates approximately Rp400-Rp500 billion capital expenditure for three new projects in 2021 while also completing its two existing apartment projects namely Kyo Society Apartment in East Surabaya and ARC100 Premium Apartment in the hearth of Surabaya. The new projects comprise a... [read more]

PT Sinar Gading Group has offered the priority pass (NUP) for Go Home Residence units, a tropical & modern Japanese style residential in Cisauk, Serpong, Tangerang from 1 December. The units are offered starting from Rp600 million for Niji (rainbow) type and Akarui (bright light) type. [read more]

PT Pakuwon Jati Tbk. through its subsidiary PT Pakuwon Permai, inaugurates The Westin Surabaya, its second five-star-hotel in the Pakuwon Mall Surabaya area after the opening of Four Points Hotel in December 2019 and its fourth five-start-hotel in its portfolio which is also its six collaboration wi... [read more]