The Bank of Indonesia (BI) decided to keep the benchmark interest rate (BI Rate) at 6.25%, the deposit facility rate at 5.5%, and the lending facility rate at 7% in the 20th to 21st August BI Governors Board Meeting. This decision focuses on the pro-stability monetary policies and Rupiah’s stable ex... [read more]

PT Agung Podomoro Land Tbk. (APLN) welcomes the Nusantara Capital (IKN) by launching Borneo Bay Residences in Balikpapan and The Premier Hills in Samarinda. The Borneo Bay Residence itself adopts the concept of superblock and is offering 2 years Rental Guarantee program for 1-bedroom type and fully... [read more]

In 2024, Greewoods Group will launch Greenwoods Country Serpong in Banten and Greenwoods Country in Semarang, Central Java by adopting the concept of multicluster development. Greenwoods Group will also launch the signature product from Damara, namely Damara Estate in Bali which will be developed in... [read more]

Mega Agung Sembada (MAS Group) collaborates with Japanese developer, Fujiken Co Ltd to develop Seion Tangerang, Banten through the joint venture company, PT Mas Fujiken Indonesia. The Project resides on a total land area of 5.5 hectares and is a part of the Sutera City project which has the total la... [read more]

The Indonesian Retailers Association (Aprindo) estimates that the modern retail sector will grow 4.8% to 4.9% in the first semester of 2024 with the potential of further decline considering the declining purchasing power which has been shown by several indicators. One of the indicators is the deflat... [read more]