PT Lippo Cikarang Tbk (LPCK) achieved Rp 1.05 trillion in marketing sales in the third quarter of 2024. This achievement reached 74% of LPCK’s target for 2024 of Rp 1.43 trillion. The sales were driven by strong demand for residential projects, specifically for landed houses and shophouses with resp... [read more]

According to the report from the Statistics Indonesia (BPS), Indonesia monthly inflation was recorded at 0.3% mtm on the 2nd November. This rate was higher than in October 2024 when it was at 0.08% mtm. Meanwhile, the annual inflation rate was recorded at 1.55% or lower than in October 2024 of  1.75... [read more]

The Statistics Indonesia (BPS) reported that foreign tourist (wisman) to Indonesia as of October 2024 reached 11.56 million visits or increased by 20.45% from the same period in 2023. However, cumulatively, the number of foreign visits in October 2024 was lower than in the same period before the pan... [read more]

Indonesian property tycoon Sugianto Kusuma a.k.a Aguan, plans to develop a port, a theme park, and a Formula 1 racing circuit in Pantai Indah Kapuk Dua (PIK 2). According to the tycoon, this project will require more than Rp 5 trillion in capital expenditure in 2025. Currently, discussions with part... [read more]

The Head of the National Economic Council (DEN) Luhut Binsar Pandjaitan, signaled that the implementation of 12% Value Added Tax (PPN) in 2025 to be delayed. The government decided to provide a number of stimuli to the public before the implementation of VAT 12%. Currently, the 12% VAT policy is und... [read more]