NEWS

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]

Vasanta Group and PT MC Urban Development Indonesia (MCUDI), a subsidiary of Mitsubishi Corporation, launched a new project named Myztro in Shila at Sawangan, Depok. The integrated city development offers flagship facilities and lake view residences. Myztro is located within the Riverie Cluster, com... [read more]

The Ministry of Public Works has confirmed that the Bogor-Sukabumi (Bocimi) Toll Road project will be extended to East Sukabumi. Furthermore, there is also a plan to extend the project to Padalarang, Bandung Barat through Ciranjang. The Bocimi Toll Road spans the total length of 54 kilometers and co... [read more]