The Central Bureau of Statistics (BPS) recorded foreign tourist visits in July 2020 at 159,800 visits, 0.95% higher than in June 2020. During the January-July 2020 period, foreign visits were recorded at 3.2 million, 64.64% lower annually. The majority of tourists came via road travel at 66.3%. Mean... [read more]

The Central Bureau of Statistics (BPS) reported the August 2020 Consumer Price Index (IHK) contracted by 0.05%, resulting in 0.93% year to date IHK. Meanwhile, the annual IHK recorded at 1.32% YOY inflation. The slowing inflation was in line with the decrease in August core inflation which reached 0... [read more]

The government aims to reach 4.5% to 5.5% ranges of economic growth in 2021. The Minister of Finance Sri Mulyani Indrawati explained this is a moderate target considering the uncertainty in the current market due to Covid-19 pandemic. Furthermore, IMF projects Indonesian economy to grow at 6.1% whil... [read more]

CFLD International opens Samane Wholesale Market in Tangerang New City which was developed in cooperation with a Singaporean based shopping center developer, Samanea Group. Samanea is a one stop shopping center that provides all household needs that offers the experience of shopping in a mall made f... [read more]

Ciputra Group, through its subsidiary Ciputra Residence, continues the development of Citra Maja Raya, an integrated city in western Jakarta. Currently, the latest clusters launched is Benoa Cluster, a landed house residential with modern minimalist design offered at prices starting from Rp188 milli... [read more]