PT Summarecon Agung Tbk. (SMRA) officially opened a new shopping center called Summarecon Villagio Outlets or Villagio in Karawang with the first-phase investment valued at IDR 500 billion. SMRA President Director Adrianto P. Adhi said that Indonesia's stable economic growth of 5.17 percent (year-on... [read more]

The government has prepared a master plan for the development of Gelora Bung Karno (GBK) area following the clearing of Sultan Hotel on Wednesday, October 4, 2023. Previously, the GBK management, accompanied by the police, issued an official warning to PT Indobuildco, a company owned by Pontjo Sutow... [read more]

The government plans to provide incentives to housing property developers who build balanced housing in the Nusantara Capital City (IKN). One of the implementations of the incentives are for business actors who carry out development outside the IKN region and have not yet implemented balanced housin... [read more]

Property developer Sinar Mas Land has officially entered into a strategic partnership with Samsung. Through its subsidiary, Samsung C&T Engineering & Construction Group (Samsung C&T-E&C Group), this collaboration with Sinar Mas Land is aimed at promoting the development of smart cities in Indonesia.... [read more]

The Central Bank of Indonesia (BI) has observed the potential for a longer El Nino phenomenon or drought in Indonesia which may continue until early 2024. However, BI is optimistic that the inflation rate will remain within the targeted range of 2.5% yoy ±1%. [read more]