The plan for East-West Line Phase 1 Stage 1 which connects Tomang in West Jakarta and Medan Satria in Bekasi with the total length of 24.5 kilometers has been officiated by President Joko Widodo on Tuesday (11th September). The funding for this project adopts the co-financing scheme with Japan Inter... [read more]

The Bank of Indonesia (BI) will soon launch an institution to manage the money and foreign exchange markets in Indonesia, known as the Central Counterparty (CCP). CCP will be launched on 30th September 2024 with 8 banks to join and contribute the initial capital. CCP is expected to benefit Indonesia... [read more]

Paramount Land develops a commercial and residential property project named Pasadena Square on a total land area of 40 hectares in Gading Serpong by adopting the concept of “10 Minutes City” to meet daily necessities in just 10 minutes. The project has good access and is available in two types of pr... [read more]

The Central Bank of Indonesia Consumer Confidence Survey in August 2024 indicated higher consumer confidence towards the economy compared to in the previous month. The increase was reflected by higher Consumer Confidence Index (IKK) in August at 124.4, increasing from 123.4 in the previous month wit... [read more]

President Joko Widodo (Jokowi) inaugurated four sections of the Sigli-Banda Aceh Toll Road (Sibanceh) on Monday (9th September) comprising Section 2 Seulimeum-Jantho, Section 3 Jantho-Indrapuri, Section 5 Blang Bintang-Kuto Baro, and Section 6 Kuto Baro-Simpang Baitussalam. The four toll lanes are p... [read more]