The Minister of Transportation, Budi Karya Sumadi, stated that Bali will soon have its own Light Rail Transit (LRT). The project is aimed to start groundbreaking in September 2024. The project which is a grant from South Korea has completed the first phase feasibility study with the funding will als... [read more]

The Nusantara Capital City Authority (OIKN) reported new investment commitments came from nine foreign and domestic companies with the investment value reaching Rp45 trillion. These investments were under the Public Private Partnership (KPBU) scheme. As of April 2024, the cumulative investment in IK... [read more]

PT Nusa Mandiri Properti (NMP) acquired Plaza Atrium Senen from PT Plaza Adika Lestari, under the Cowel Development Group on 1st September 2022. After the acquisition, NMP rebranded Plaza Atrium Senen to Millennium Mall and transformed it into a shopping center by adopting the concept of lifestyle m... [read more]

Arena Group is developing a culinary center in the Nusantara Capital City, East Kalimantan, with an investment value reaching Rp 100 billion, adding the accommodation facility in Nusantara Capital. The project is named Arena Botanika IKN and adopts the concept of Premiere Social Compound on a total... [read more]

The data from the Central Bank of Indonesia reported that the Non Performing Loan (NPL) in April 2024 was at 2.72% or increasing from 2.61% in the previous month. This level is also higher than in the period of April 2023, when it was recorded at 2.64%. Meanwhile, the cumulative banking industry’s g... [read more]