Foreign tourist arrivals picked up slightly to 158,200 in October, a 4.57% month-to-month increase from September, according to BPS. However, it was still down by 88.25% year-on-year (yoy) from the same month last year. Accumulated foreign tourist arrivals from January to October this year registere... [read more]

Patimban Port is ready for the soft launching after limited trial on 30 November. During the trial, 22 car units were transported into a ship while also checking for the communication and coordination among stakeholders according to the specific mechanism and procedures. [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]

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]

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]