The Jakarta Elevated Outer Ring-Road (JORR) Cikunir-Ulujami toll road project may start construction in February-March 2024, earlier than the previous target. Previously, the construction based on Toll Road Management Agreement (PPJT) was planned to last for 33 months starting from July 2024 until M... [read more]

Indonesia Central Bureau of Statistics (BPS) reported the October 2023 trade balance was recorded with US3.48 billion surplus, or increased from US$3.41 billion in September 2023. Cumulatively, the total trade surplus from early 2023 until October 2023 was atUS$31.22 billion.  [read more]

In the 2024 National Annual Budget Plan (RATBI), the Governor of the Central Bank of Indonesia Perry Warjiyo estimated that the national economic growth in 2024 will be in the 5.00% range. He also projected the inflation rate in 2024 at 3.20 yoy.  [read more]

PT Lippo Karawaci Tbk (LPKR) welcomes the government's policy to provide tax incentives for houses priced below Rp2 billion by boosting its landed house sales in the fourth quarter of 2023. As of the third quarter of 2023, LPKR recorded its marketing sales reaching Rp3.36 trillion or 68.5% of the 20... [read more]

Agung Podomoro Land (APLN) expands its property business into the Sumatra region through its collaboration with Capital Group, Podomoro City Deli Medan, by aiming the potential of the property market in Pekanbaru, Riau. APLN business unit is currently one of the fastest growing properties due to its... [read more]