The Central Bureau of Statistics (BPS) recorded May inflation at 0.32%. The inflation rate was driven by an increase in demand in grocery sector during the Ramadan and Eid al Fitr. The year-to-date inflation was recorded at 0.90% while the year-on-year inflation was recorded at 1.68%. [read more]

The Finance Minister, the Central Bank of Indonesia (BI) and the Coordinating Economic Minister announced the forecast for Indonesia’s Gross Domestic Product (GDP) to grow between 6.5% and 8.3% (yoy) in the second quarter of this year, indicating the first annual GDP growth since the Covid-19 pandem... [read more]

The Central Bank of Indonesia (BI) has decided to keep its key interest rate or BI 7 Days Reverse Repo Rate in May 2021 BI Board of Governor Meeting at 3.50%. This policy is in line with the requirement for the central bank to maintain stable Rupiah and inflation rate. In addition, BI also kept the... [read more]

PT Sentul City Tbk. announced that the land transaction between PT Genting Properti Nusantara and PT Genting Properti Cemerlang, a subsidiary of Genting Property Sdn Bhd (Genting Property) Malaysia has been completed. The acquired land is a total of 9.4 hectares in the central of Sentul City commerc... [read more]

PT Ciputra Development Tbk. (CTRA) recorded an increase in growth during the first quarter of 2021 and it achieved Rp243.37 billion in net profit or increasing by 37.10% from the same period last year. CTRA also achieved 23.3% revenue growth in the same period to Rp1.85 trillion with marketing sales... [read more]