President Joko Widodo (Jokowi) is confident that the Jendral Besar Soedirman Airport in Purbalingga and the Semarang-Demak Toll Road will boost the economy in Central Java by accelerating the economic growth and improving accessibility for the population. The airport has been in operational since Ju... [read more]

Kendal Industrial Estate (KIK) in Central Java has absorbed investments totaling up to Rp 19.2 trillion from 66 tenants since its first operation in 2016 as an integrated national manufacturing industry cluster. KIK is the collaboration between Indonesia and Singapore developed by PT Jababeka Tbk an... [read more]

The Ministry of Transportation will add 26 sea toll routes in 2021 and 30 routes in 2022 with the budget allocation of Rp435 billion. Several sea-toll bases include Tanjung Priok, Tanjung Perak, Teluk Bayur, Makassar, Bitung, Merake, Biak dan Timika. As of May 2021, 26 sea toll routes recorded a tot... [read more]

The Special Economic Zone (KEK) Batam Aero Technic (BAT) and KEK Nongsa Digital Park (NDP) on Batam Island, Riau Island Province (Kepri) aims to secure up to Rp 23.2 trillion in investment with each reaching Rp 7.2 trillion and Rp 16 trillion, respectively. The two KEKs are brown field projects in n... [read more]

Based on the report in June 2021 named “Global Economic Prospects,” the World Bank forecast that the global economy in 2021 will grow by 5.6% after contracting at minus 3.5% in 2020 with the inflation at 3.9% from 2.5% in 2020. Specifically, the Indonesian economic growth in 2021 is estimated at 4.4... [read more]