Bank Indonesia (BI) increased its key interest rate by 50 bps to 4.25%, the second increase this year after the increase of 25 bps in August. BI also ensured that an aggressive or hawkish policy will not be adopted as several central banks have done, as Indonesia’s inflation is relatively manageable... [read more]

The Asian Development Bank (ADB) has lowered the economic growth projection in Asia and Pacific countries to 4.3% this year. Asian Development Outlook 2022 corrected its projection for the region to 4.9% in 2023, from 5.3% in its April projection. [read more]

President Joko Widodo (Jokowi) will inaugurate two new toll lanes, namely Serpong-Balaraja Section 1 of 4 kilometers in total length in the Jakarta Outer Ring Road (JORR) 3 and Cibitung-Cilincing land in JORR 3. The president will also inaugurate the Cibitung-Cilincing toll road, a part of JORR 2. T... [read more]

The Minister of Public Works and Housing (PUPR) Basuki Hadimuljono aims to complete all Bogor-Ciawi-Sukabumi (Bocimi) toll roads by 2024. Currently, the ongoing progress of the section 2 of Cigombong-Cibadak lane with the total length of 11.9 kilometers has reached 86% with the completion planned in... [read more]

PT Pakuan Tbk (UANG) through its subsidiary, PT Jakarta Investindo Indonesia (JII), formed a joint venture company with PT Lotte Land Indonesia (LLI) to create PT Lotte Land Sawangan (LLS) with JII owns 30% of the shares and LII 70%. LSS is aimed to work in the real estate sector. JII has paid Rp131... [read more]