Bank Indonesia has issued Regulation Number 7 of 2023, which addresses the Foreign Exchange generated from Export Proceeds and Import Payments. This regulation, effective from August 1, 2023, establishes guidelines on the principles and instruments for placement of Natural Resource Export Proceeds (... [read more]

PT Krakatau Sarana Properti (KSP) will soon start the development of new warehouses in the Krakatau Cilegon Industrial Estate 1 and 2. The remaining land bank in these industrial estates is approximately 40 hectares of which 10% will be used to develop new warehouse units. In the future, KSP will al... [read more]

PT Puri Sentul Permai Tbk. (KDTN) has appointed Swiss-Belhotel International to operate and manage the KM 166 and KM 164 rest areas along the Cipali-Majalengka toll road. With this collaboration, Xpress Hotel Rest Area KM 165 and KM 164 will be renamed to Swiss-Belexpress Rest Area. The hotels will... [read more]

PT Onduline Manufaktur Indonesia celebrated the groundbreaking of the first Onduline Factory’s foundation piling in the Pasuruan Industrial Estate Rembang (PIER) in East Java. The factory is the second factory with larger production capacity and comprehensive color machines. OMI and PT Surabaya Indu... [read more]

The Ministry of Public Works and Housing (PUPR) reported that the construction of the IKN Toll Road Segment 3B KKT Kariangau-Sp. Tempadung will be completed by June 2024. The physical progress of the toll project has reached 24.5%. The construction of the toll road project is done by PT Wijaya Karya... [read more]