The Minister of Transportation, Budi Karya Sumadi, stated that Bali will soon have its own Light Rail Transit (LRT). The project is aimed to start groundbreaking in September 2024. The project which is a grant from South Korea has completed the first phase feasibility study with the funding will als... [read more]

OXO Group Indonesia sold 40 villas in Bali in a single day. The villas, named OXO The Residences, reside on a total land area of 2 hectares and are offered at prices between Rp 8-16 billion per unit for units with floor areas ranging from 193 square meters to 293 square meters and land area starting... [read more]

PT Nusa Mandiri Properti (NMP) acquired Plaza Atrium Senen from PT Plaza Adika Lestari, under the Cowel Development Group on 1st September 2022. After the acquisition, NMP rebranded Plaza Atrium Senen to Millennium Mall and transformed it into a shopping center by adopting the concept of lifestyle m... [read more]

Arena Group is developing a culinary center in the Nusantara Capital City, East Kalimantan, with an investment value reaching Rp 100 billion, adding the accommodation facility in Nusantara Capital. The project is named Arena Botanika IKN and adopts the concept of Premiere Social Compound on a total... [read more]

The Governor of the Central Bank of Indonesia Perry Warjiyo estimated that the national economy or the Gross Domestic Product of Indonesia may range between 4.8% and 5.6% in 2025. With the macro 2025 assumption, BI also estimated Rupiah exchange rate to be in the range of Rp15,300 to Rp15,700 per US... [read more]