PT Lippo Karawaci Tbk (LPKR) increased its shares ownership by purchasing 330,416,800 shares of PT Siloam International Hospitals Tbk (SILO). The purchase was conducted between 29 March 2022 and 18 April 2022 at the average price of Rp1,098 per share. With this purchase, LKPR ownership of Siloam inc... [read more]

PIK 2 is aimed to be completed in 2024. The project which was started in 2016 will include various property products including landed houses, apartments, hospitals, office towers, restaurants, commercial areas and recreation parks. Currently, there have been 5,000 landed houses completed and 11 apar... [read more]

The Capital City of Jakarta will host the Formula E 2022 on the Jakarta International E-Prix Circuit (JIEC) on 4th June 2022. The JIEC Circuit spans the total length of 2.4 kilometers and 12 meters in width. The circuit is planned to have 18 turns in the design of Kuda Lumping (flat horse) and facin... [read more]

The Central Bank of Indonesia (BI) revised its estimation for economic growth in 2022 from 4.7%-5.5% to 4.5%-5.3%. According to the Governor of BI Perry Warjiyo, the estimation was revised due to the geopolitical tension between Russia and Ukraine which affect Indonesia’s economy. [read more]

The Ministry of National Development Planning (PPN)/the National Development Planning Agency (Bappenas) aims to achieve 5.3% to 5.9% economic growth in 2023. The economic target is in the effort to achieve the vision for Indonesia in 2045 of avoiding the middle income trap. [read more]