Winner Group collaborates with Sapta Group, a subsidiary of PT Bumi Citra Permai Tbk., to develop Cibinong New City on a 125-hectares of land area which is claimed to be the first central business district in Cibinong, Bogor Regency. The project will be connected to Pakansari Stadion and integrating... [read more]

The Central Bureau of Statistics (BPS) recorded 163,646 foreign tourist arrivals in May, a 3.1% increase from 158,718 in April with arrivals dominated by visitors from Timor Leste and Malaysia. Despite the slight increase, this figure was still 86.9% lower from 1.24 million visitors recorded in the... [read more]

The Central Bank of Indonesia (BI) projects July 2020 inflation at 0.04% Month-to-Month (MTM) based on price monitoring survey in the first week of this month which was recorded lower than in the previous month. Based on the calendar year, July 2020 inflation is projected at 1.13% Year-to-Date (YTD)... [read more]

PT MRT Jakarta and PT Transportasi Jakarta (Transjakarta) will establish a joint venture named Integrasi Transit Jakarta (ITJ) to develop areas around Blok M-Asean, Fatmawati, Lebak Bulus, Dukuh Atas and Istora Mandiri Stations to be Transit Oriented Development (TOD) areas. The areas around Blok M-... [read more]

The Real Estate Indonesia (REI) states that there are 15 large scale developers entering the eastern corridor of Jakarta, there is also a consortium of nine well-known developers. According to data from REI, the eastern corridor which stretches from Bekasi, Cikarang, to Karawang have been rapidly gr... [read more]