The Nusantara Capital City Authority (OIKN) is optimistic that the investment project from Nusantara Consortium, lead by Sugianto Kusuma, alias Aguan, the Nusantara Hotel in IKN will be completed in August 2024. The head of Nusantara Authority Bambang Susantono aims to operate a total of 200 rooms i... [read more]

Sinar Mas Land aims to achieve Rp430 billion in marketing sales through the sales of its recently launched high end residential product, Trésor in BSD City. The modern luxurious residential will exclusively offer 38 units in the firth phase. Trésor offers two types of houses comprising Gallant at pr... [read more]

The Bank of Indonesia recorded that consumers’ perception towards the current economic condition remains strong, as reflected by the current Economic Condition Index (IKE) at the optimistic zone of 110.9 in February 2024. From its official statement on Wednesday (13th March), the optimistic IKE was... [read more]

The Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono stated that the Bogor Ciawi Sukabumi (Bocimi) Toll Road Section 3 Cibadak-Sukabumi will be completed soon. The project inauguration is estimated to be after the Eid al Ftr holiday. [read more]

The Indonesian Hotel and Restaurant Association (PHRI) estimated that hotel occupancy may decline by approximately 30%-40% during this year’s fasting month, as most moslems prefer to not travel or stay at hotels during this period. Thus, PHRI suggest hoteliers to instead provide spaces for break fas... [read more]