The Central Bureau of Statistics (BPS) reported August 2022 with deflation at 0.21% month to month or declining Consumer Price Index (IHK) from 111.80 in July 2022 to 111.57. This deflation is the lowest since September 2019 when it was recorded at 0.275. The 2022 year to date inflation was at 3.63%... [read more]

The Ministry of Finance is confident that Indonesia’s economy will grow above 5% year on year in the third quarter of 2022. Meanwhile, economic growth in the first and second quarters of 2022 were recorded at 5.01% and 5.44% year-on-year, respectively. [read more]

Two new toll road projects in the New Capital City (IKN) Nusantara in East Kalimantan have been officially started after the signing of 19 packages of infrastructure development.  Both projects are the IKN Toll Road Kariangau-Simpang Tempadung Segment to be completed through operational cooperation... [read more]

Arrayan Group has held the handover ceremony to the consumers of its subsidized house unit in the Grand Cikarang City 2 Residential, Cikarang, Bekasi. Approximately 30 consumers have symbolically received the keys to 251 units of the subsidized houses. The “Siap Huni Tanpa Renovasi” houses are ready... [read more]

The bid for the New Capital City (IKN) Nusantara Toll Road project of KTT Kariangau-Simpang Tempadung Segment in East Kalimantan with Rp1.9 trillion investment has been officially won by PT Wijaya Karya (Persero) or Wika. Wika has been appointed by the Ministry of Public Works and Public Housing (PU... [read more]