The consortium of PT Angkasa Pura I (Persero), Incheon International Airport Corporation (IIAC) and PT Wijaya Karya (Persero) Tbk. plans to develop Hang Nadim Airport, Batam into a domestic and international cargo hub and the transit alternative for national airlines to explore specific cargo route... [read more]

Central Bank of Indonesia has decided to maintain the key interest rate at 3.5%, the lowest since the Seven-Day Reverse Repo Rate (7DRRR) was introduced in 2016, to protect the Rupiah exchange rate amid market uncertainty. BI also kept the deposit facility rate at 2.75% and the lending facility rate... [read more]

Despite the on-going Covid-19, mortgage (KPR) application has shown signs of recovery. As of January 2021, the Central Bank of Indonesia (BI) recorded that KPR has grown 3.6% annually (yoy) to Rp521,2 trillion driven by banks who gradually cut mortgage interest rates and provide various promotions. [read more]

PT Jasamarga Related Business (JMRB) aims to maximize the potentials along its toll roads in the Toll Corridor Development (TCD) project. JMRB has signed a joint venture agreement with PT Perintis Triniti Tbk. (TRIN), a subsidiary of PT Triniti Land, to develop properties along toll roads under PT J... [read more]

PT Jasa Marga (Persero) Tbk. is confident to inaugurate the Serpong-Cinere Toll Road and Cengkareng-batuceper-Kunciran Toll Road by the end of March 2021. The two toll roads are part of the Jakarta Outer Ring Road (JORR) II toll network which will be an alternative to access the Soekarno-Hatta Inter... [read more]