PT Perdana Gapuraprima Tbk (Gapuraprima) will focus on developing several residential projects in several locations as planned. The projects including Bukit Cimanggu City on 15 hectares of land area with 400 units in the Savannah Cluster, Metro Cilegon on 120 hectares of land area with several small... [read more]

The Coordinating Investment Board (BKPM) reports that the foreign investment in the first quarter of 2020, the residential, industrial estate and office sector was realized with 490 projects worth US$602.9 million or equal to Rp9 trillion at Rp14,948 rate. While domestic investment realization in th... [read more]

The Central Bureau of Statistics (BPS) reported Indonesia’s economic growth in the first quarter of 2020 reaching 2.97% year-on-year (YOY) and -2.41% compared to the fourth quarter of 2019, the lowest since the fourth quarter of 2001. Previously, the government projected economic growth in the first... [read more]

Mall business owners through the Indonesia Shopping Center Association (APPBI) revealed that they have not received any incentives from the government, following the temporary operational close down due to Covid-19 despite requesting it to the government via ministries, local government and PT PLN.... [read more]

The Covid-19 pandemic lowers the public consumption which is shown by the data from the Central Bureau of Statistics that recorded April 2020 inflation at 0.08%, far lower than in March when it was recorded at 0.1% and lower than the year to date inflation of 0.8%. The core inflation which supposed... [read more]