The property industry was hit by the outbreak of Corona virus, resulting in consumers postponing their purchases and the potential default on purchased properties due to layoffs. The Marketing Director of PT Ciputra Residence stated that the virus outbreak has caused the delay in property developmen... [read more]

President Joko Widodo (Jokowi) has approved the development on four reclaimed islands in Jakarta Bay, comprising C, D, G, and N islands with Presidential Regulation (Perpres) No. 60 Year 2020 regarding the Spatial Planning of Jakarta, Bogor, Depok, Tangerang, Bekasi, Puncak and Cianjur (Jabodetabek-... [read more]

Based on the draft of the closed meeting (Raker) between the Ministry of Finance and Commission XI of the Indonesian Representative Assembly (DPR RI), the government has set the fund for national economic recovery at Rp318.09 trillion. This fund will be allocated to nine stages of national economic... [read more]

The Coordinating Investment Board records investment realization for the first quarter of 2020 at Rp210.7 trillion or grew 8% from the same period last year of Rp195.1 trillion. The total employment rate in the first quarter of 2020 also grew in the first quarter of this year at 303,085 people, bett... [read more]

PT Hutama Karya (Persero) aims to construct Simpang Indralaya-Muara Enim toll road in the Palembang-Bengkulu Toll Road which will span approximately 119 kilometers this year. The project is following the construction of Bengkulu-Taba Penanjung (Bengtab) toll road in the Lubuk Linggau-Curup-Bengkulu... [read more]