PT Bumi Serpong Damai Tbk (BSDE), a part of Sinarmas Group, is negotiating with Top Global Limited for the acquisition of PT Suryamas Dutamakmur Tbk (SMDM). BSDE offers to acquire 91.99% of SMDM shares from Top Global Limited’s issued and paid up capital. This plan is in line with BSDE’s strategy in... [read more]

PT Dana Tabungan dan Asuransi Pegawai Negeri (Persero) (TASPEN), through its subsidiary Taspen Properti, to collaborate with Mitsubishi Estate Co Ltd to hold the brand launching of Oasis Central Sudirman Project titled “Two Sudirman Jakarta.” Through PT Central Sudirman Development, Taspen collabora... [read more]

Indonesia's inflation rate in July 2024 stood at 2.13% yoy. This rate was lower than the inflation in last June when it stood at 2.51% yoy. In July 2024, deflation was recorded at 0.18% to 106.09 with the Consumer Price Index declined to 106.09 from 106.28 in June 2023. This deflation was steeper th... [read more]

President Joko Widodo (Jokowi) stated his reasons in prioritizing infrastructure development during his 10 years tenure, including to increase accessibility and connectivity inter-regions which in turn created larger potential to attract investors during the events “Refleksi & Catatan 10 Tahun Pemer... [read more]

The Sahid Hotel & Resorts Group and PT Bumi Lingkar Jati have signed a collaboration agreement to develop the first national-rated hotel in Banyuwangi named Sahid Mahata Genteng Hotel on a total land area of 5,500 square meters. Currently, the construction progress of the hotel has reached approxima... [read more]