The Jakarta LRT Phase 1B project, connecting Velodrome-Manggarai is aimed to commercially operational by the end of 2026. The project is a joint operation (KSO) project with Waskita Nindya LRS as the main contractor with the construction budget reaching Rp 4.1 trillion. The total length of LRT Jakar... [read more]

PT Pakuwon Jati Tbk, through its subsidiary PT Grama Pramesi Siddhi, officially opened Pakuwon Mall Bekasi in Bekasi, West Java, on Friday (22nd November). The mall is designed to have the total net leasable area (NLA) of 45,300 square meters. This shopping center is a part of the Pakuwon Bekasi Sup... [read more]

Indonesian Hotels and Restaurants Association (PHRI) chairman Hariyadi Sukamdani, said that the average occupancy rate in the hotel businesses was projected to decline to 45% from around 50% recorded during the Christmas and New Year season last year. On the national scale, the occupancy rate may de... [read more]

Bank Indonesia (BI) has kept its benchmark interest rate unchanged, at 6%, stressing its priority is to stabilize the rupiah amid a strengthening United States dollar following Donald Trump's reelection and heightened geopolitical risks. BI stated it would support economic growth by implementing a l... [read more]

PT Agung Podomoro Land Tbk concluded the divestment of Pullman Hotel Ciawi Vimalis Hills Resort Spa & Convention, Ciawi through its subsidiary PT Putra Adhi Prima (AP) to PT Bangun Loka Indah (BLI). The proceeds will be allocated to finance a number of its property projects and debt payment. As of S... [read more]