The Central Bureau of Statistics (BPS) recorded May 2020 inflation rate at 0.07%, the lowest since the Eid al Ftr in 1978. Inflation during Eid al Ftr is usually high as demand increases. Last year’s inflation was recorded at 0.55% significantly higher than in 2020. [read more]

The Indonesian Shopping Center Association (APPBI) is creating the basic health protocol as the response to the Ministry of Trade Letter No. 12/2020 regarding the Trade Activities Recovery Amidst the Corona Virus Disease (Covid-19) and the New Normal. The basic guidance will be the reference of the... [read more]

The Ministry of Industry (Kemenperin) accelerate the development of Brebes Industrial Estate (KI Brebes) as an  effort to boost development in Central Java and national economic growth and aimed to be the relocation area for American companies from China due to escalating trade war between the Unite... [read more]

PT Urban Jakarta Propertindo Tbk (URBN) adds new project of Jakarta River City (JRC). The project which resides on a 6-hectare land area in the MT Haryono Method, Cawang, East Jakarta is aimed to be the largest mixed-use project with the concept of TOD in Jakarta comprising eight apartment towers, o... [read more]

The prospects of property business in the wake of new normal are expected to gradually recover even though not totally and requiring more time for the business to regrow. Amidst the uncertain market, CTRA adopts a conservative approach and has not decided its plans including the launch of its new pr... [read more]