Indonesia officially became the full member of BRICS on 6th January 2025. BRICS now comprises more than 4% of the global population and approximately 27% of the global Gross Domestic Product (GDP), making BRICS a significant economic block in the international economy. This membership will expand In... [read more]

PT MRT Jakarta (Perseroda) continues its progress on Phase 2A MRT Jakarta Project which connects Bundaran HI Station and Kota Station with the total length of 5.8 kilometers comprising seven underground stations. The 2A phase is aimed to be completed in 2029.  PT MRT Jakarta is also in the planning... [read more]

Referring to data from the Indonesian Financial System Statistics by the Bank of Indonesia, property credit grew by 12.27% yoy to Rp946.42 trillion in November 2024 from Rp842.97 trillion in the same period last year. The growth was driven by landed houses loans (KPR) which recorded 9.87% yoy growth... [read more]

Inflation in Indonesia has dropped to the lowest year-end rate ever recorded by Statistics Indonesia since the first Consumer Price Index tracking started by the agency in the past 60 years ago. Statistics Indonesia (BPS) reported that last year’s Consumer Price Index (CPI) growth of 1.57% broke the... [read more]

The Minister of Public Works Dody Hanggodo aims to complete the construction of Semarang-Demak Toll Road in April 2027. The physical progress of the toll project on 23rd December 2024 was at 29.68%. Currently, the construction progress of Section 1 Semarang-Demak Toll Road has reached the Soil Impro... [read more]