Bank Indonesia (BI) has kept its benchmark interest rate unchanged, at 6%, stressing its priority is to stabilize the rupiah amid a strengthening United States dollar following Donald Trump's reelection and heightened geopolitical risks. BI stated it would support economic growth by implementing a l... [read more]

Indonesian Hotels and Restaurants Association (PHRI) chairman Hariyadi Sukamdani, said that the average occupancy rate in the hotel businesses was projected to decline to 45% from around 50% recorded during the Christmas and New Year season last year. On the national scale, the occupancy rate may de... [read more]

The Statistics Indonesia (BPS) reported trade surplus at US$ 2.48 billion in October 2024. This surplus continued the trend in the last 54 months since May 2020. However, the trade surplus in October 2024 was lower by 23.22% (mtm) from US$ 3.23 billion in the previous month and 28.53% (yoy) lower th... [read more]

The Special Economic Zone (KEK) has realized Rp 242.5 trillion in investment as of the third quarter of 2024 and based on the data from the KEK National Board, this also significantly increased the employment rate from the previous period, reaching 151,260 workers as of September 2024. From the tota... [read more]

The Ministry of Public Works has confirmed that the Bogor-Sukabumi (Bocimi) Toll Road project will be extended to East Sukabumi. Furthermore, there is also a plan to extend the project to Padalarang, Bandung Barat through Ciranjang. The Bocimi Toll Road spans the total length of 54 kilometers and co... [read more]