The Governor of the Central Bank of Indonesia Perry Warjiyo says Indonesia has passed the critical phase of Covid-19 pandemic and that global economy in 2021 will grow at 5% ranges. By the end of 2020, global economy is projected to contract at 3.8% ranges. While Indonesia’s economy in the fourth qu... [read more]

Five new toll roads with the total of 42.92 km in length will be inaugurated by the government by the end of this year. The five toll roads in the Greater Jakarta Area are part of the total 11 toll roads to be completed in December 2020. [read more]

A subsidiary of PT Jababeka Tbk., PT Graha Buana Cikarang has signed the joint venture with Hong Kong Smart City Consortium to develop the Smart City and Urban Development project in Jababeka, Cikarang, West Java virtually during the Belt and Road Summit 2020 on 30 November. The joint venture will f... [read more]

Next year, PT Ciputra Development Tbk. (CTRA) will develop new residential projects in Medan and Surabaya by collaborating with PT Perkebunan Nusantara II (PTPN II). There will be two projects in Medan on 7 hectares and 35 hectares of land areas, respectively, while the project in Surabaya will resi... [read more]

After the October 2020 the Consumer Price Index (IHK) recording an inflation rate at 0.07% mom, the Central Bureau of Statistics (BPS) recorded a slightly higher inflation rate of 0.28% mom in November 2020. The year-to-date inflation rate was recorded at 1.23% and the annual inflation rate was at 1... [read more]