The Coordinating Board of Investment (BKPM) recorded the investment in the first quarter of 2021 with growth of Rp219.7 trillion or 2.3% higher quarter to quarter (qtq) and 4.3% year on year (yoy) with 311,793 workers employed. Meanwhile, the foreign investment was recorded at Rp111.7 trillion or in... [read more]

The Asian Development Bank (ADB) estimated that Indonesia’s economy will grow by 4.5% this year and 5% in 2022. ADB considered that Indonesia has well managed the 2020 with coordinated crisis responses and good communications. [read more]

PT Kawasan Industri Terpadu Batang accelerates the construction progress of Batang Integrated Industrial Area (KIT) or Grand Batang City. As of April 2021, the progress for site construction of cluster 1 phase 1 on a land area of 450 hectares has reached 95.17%. The progress of zone 1 to 3 in the cl... [read more]

PT Krakatau Bandar Samudera (KBS) is proposing the Kertajati International Airport, West Java to function as an e-commerce distribution hub. In addition to its large capacity, the airport is also accessible from two large infrastructures comprising Patimban Port in Subang and Cileunyi-Sumedang-Dawua... [read more]

PT Adhi Karya (Persero) Tbk. stated that the construction of Phase I Light Rail Transport (LRT) Greater Jakarta Area will be completed in the third quarter of 2021. The operation of the new infrastructure is expected to start in the mid of 2022. The construction progress of Greater Jakarta LRT has r... [read more]