NEWS

Waldorf Astoria Jakarta, a six-star luxury hotel will operate in 2023. The hotel is located in the Autograph Tower within Thamrin Nine Integrated Development, Central Jakarta. It is managed by Hilton Worldwide Holdings Inc. with the total of 183 rooms, including exclusive facilities of an all-day di... [read more]

PT Modernland Realty Tbk. is confident that the property business will recover and rebound in 2021, indicated by the success of the Corona vaccine trial by the end of 2020 followed by the vaccination program in Indonesia in early 2021. One of the latest products from Modernland is Fairway Place Golf... [read more]

PT Perintis Triniti Properti Tbk. (TRIN) reported 125% month to month sales growth in December from November 2020. The largest contributor was the mixed-use project named Marc’s Boulevard in Batam at 53%. In 2021, TRIN will focus on a new project development, including TOD projects, Affordable Housi... [read more]

The Minister of Finance Sri Mulyani projects that economy growth will start to accelerate in the second quarter of 2021 in line with the national economy recovery program amidst the global challenges from the Covid-10 pandemic. In the 2021 State Budget, the state revenue is aimed at Rp1,743.6 trilli... [read more]

According to Indonesian Hotel and Restaurant Association (PHRI), the opportunity loss from the hotel and restaurant business sector in 2020 caused by the pandemic reaches Rp50 trillion, calculated from the hotel occupancies with the total of 800,000 rooms in Indonesia. PHRI is optimistic that the ho... [read more]