Conglomerate group Astra International has joined forces with a Hong Kong-based multinational property group to develop Arumaya, a residential apartment complex worth Rp1 trillion in Jakarta. Arumaya will be developed by...
Read MoreIndonesian stocks surged further on Wednesday (Dec 28). The composite index of the Indonesia Stock Exchange (IDX) gained 2.09% to close at 5,209, effectively ending a nine-day losing streak for Indonesian stocks. It peaked at 5,470 on Nov. 8 this year. Meanwhile, the rupiah weakened to Rp13,447 against the U.S. dollar on Wednesday.
Read MoreLike cement, August was also a great month for automotive industry. According to Indonesian Automotive Association (Gaikindo), car sales in the month reached 96,294 units, an increase of 6.3% from the corresponding month last year, lifting sales in the first eight months of 2016 by 2.88%.
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