Visitors number to various shopping center in Jakarta has declined in line with the outbreak of corona virus cases in Indonesia and as of Saturday 14 March 2020, it has reached 50% decline. To mitigate the decline, Indonesia Shopping Center Association (Asosiasi Pengelola Pusat Belanja Indonesia/APP... [read more]

Based on the data from the Current Exchange Information (Pusat Informasi Pasar Uang/PIPU), the highest interest rate for time deposit is 6.1% for a three-month tenure from Mayora Bank. While for a six-month tenure, the highest is 5.9% from BTN Bank. For a 12-month tenure, the highest interest is 5.9... [read more]

The groundbreaking of Kediri Airport in East Java will start on 15 April 2020. While the operational of the airport owned by PT Gudang Garam Tbk (GGRM) will be done in cooperation with PT Angkasa Pura I (Persero) or AP I after the signing of the Memorandum of Understanding (MOU) between the two part... [read more]

Indonesian Stock Exchange (BEI) and Financial Services Authority (OJK) change the regulation of auto rejection to control volatile movement in IDX Composite Index (IHSG). BEI modify the minimum limit for auto rejection in all fraction to 10% while keeping the maximum limit at 20% (Rp50-Rp200 shares)... [read more]

The Ministry of Public Work and Housing (PUPR) temporary suspend the construction of Jakarta-Bandung High-Speed Train project (KCJB) since the second of March after the Construction Safety Committee (Komite Keselamatan Konstruksi/K2K) officially send written instruction to PT Kereta Cepat Indonesia... [read more]