Minister of Transportation, Budi Karya Sumadi, stated that the full operation of the Light Rail Transit (LRT) is likely to be postponed from the original target of August 18, 2023, to August 30, 2023. Currently, he explained that there is a signaling team from Siemens that is intensively monitoring... [read more]

The Ministry of Public Works and Housing has completed the construction of the West Semarang Water Supply System (SPAM) in Central Java. The West Semarang SPAM is one of the National Strategic Projects (PSN) aimed at improving potable water supply for 70,000 households (SR) or equivalent to 350,000... [read more]

The Central Bureau of Statistics (BPS) reported that the annual inflation rate for July 2023 stood at 3.08% yoy. This figure is lower than in June 2023 when it was recorded at 3.52%, significantly less than in July 2022 when it was recorded at 4.94%. [read more]

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]