PT PP (Persero) Tbk and Badan Pengelola Keuangan Haji (BPKH) plans to invest in developing ownership of accommodation facilities and hotels in Mecca, Saudi Arabia. The investment is aimed at Indonesian hajjes and pilgrims through “Proyek Rumah Indonesia di Mekkah.” The plan’s Memorandum of Understan... [read more]

Bank Indonesia (BI) decided on Thursday to hold its benchmark Seven Day Reverse Repo Rate (7DRRR) at a record-low of 3.5% to ensure financial stability as the outbreak of the Delta variant of the coronavirus compels investors to divert funds from developing to developed countries. BI also kept the d... [read more]

The Investment Coordinating Board/Ministry of Investment reported the realized investment in the second quarter of 2021 at Rp 223 trillion or increasing by 16.2% from Rp 191.9 trillion in the same period last year. The investment realization comprised the domestic investment of Rp 106.2 trillion and... [read more]

The construction of Kertajati Airport Toll Access in Majalengka Regency, West Java has progressed more than 74% and it is aimed to be operational in November 2021. The project has completed the rigid pavement construction and drainage normalization sections. [read more]

The Ministry of Public Works and Housing allocates Rp 9.94 trillion for infrastructure development in Papua and West Papua provinces this year to develop reliable infrastructure and lower the poverty level as well as an equal infrastructure development distribution across Indonesia. The physical inf... [read more]