Industrial Estate Association (Himpunan Kawasan Industri) proposes that industrial land lease can reach 80 years, as applied by other countries with rent decided by business calculation and not by the government to attract factory relocation from China to Indonesia. Previously, the Investment Coordi... [read more]

In 2020, Ngloram Airport in Blora will extend its runway from 1,200 meters to 1,500 meters. The first landing on the runway is planned to be conducted on 17 September 2020, right on the National Transportation Day and next be available to serve ATR 72 type airplane, which currently under review by G... [read more]

The Central Bank of Indonesia decided to cut the BI 7-Day Reverse Repo Rate by 25 bps to 4% to accelerate the national economic recovery. In line with the cut, deposit facility was also cut by 25 bps to 3.25% and the lending facility to 4.75%. This was in the right momentum with Indonesia’s June exp... [read more]

In the Indonesia Economic Prospect, the World Bank projects zero economic growth for Indonesia this year. Furthermore, the World Bank estimates the recovery process to start gradually despite the weak basis for this projection. Economic growth in 2021 is expected to grow by 4.8%, in line with the gr... [read more]

In the first quarter 2020, PT Kawasan Industri Jababeka Tbk (KIJA) recorded Rp111 billion of marketing sales or declining by 49.77% from Rp221 billion last year due to the physical distancing. The marketing sales were contributed by the commercial segment at 40% of the total, followed by the industr... [read more]