After recording a deflation in three consecutive months, the Central Bureau of Statistics (BPS) finally recorded an inflation on the Consumer Price Index (IHK) in October 2020 at 0.07% mom. The full-year inflation (January 2020 – October 2020) was recorded at 0.95% year-to-date while the annual infl... [read more]

The Central Bureau of Statistics (BPS) reported the total of foreign tourist visits as of September 2020 recording at 153,500 or declining by 88.95% from the same period last year. The realized foreign tourist visits to Indonesia also declined by 5.94% from the previous month. Cumulatively, during t... [read more]

PT Modernland Realty Tbk. will soon launch an apartment project in the Kota Modern area, considering the growing needs for residential and the high cost of land in the area. The project will be introduced by the end of 2020. Kota Modern itself is developed on a total land area of 400 hectares with t... [read more]

PT Lippo Cikarang Tbk. (LPCK), the pioneer of modern residential in eastern Jakarta’s corridor, is committed to develop the Cikarang area by launching Waterfront Estates, an affordable modern and environmentally friendly residential project. The project resides on a total land area of 71 hectares an... [read more]

Azana Hotels & Resorts (Azana) is optimistic that hotel businesses will rebound in 2021, albeit not 100%, and plans to open 15 new hotels next year, comprising three Azana Style Hotels, six Front One Hotels, two Front One Cabins and four Votel Hotels. The optimism is driven by several assumptions, i... [read more]