The construction progress of Jakarta - Bandung high speed train project has reached 60%. HSR PT Kereta Cepat Indonesia China (KCIC) continues to complete the construction based on the safety and quality standard and aims to complete the project as scheduled. Currently, the project is installing box... [read more]

The Central Bureau of Statistics (BPS) recorded foreign tourist visits in July 2020 at 159,800 visits, 0.95% higher than in June 2020. During the January-July 2020 period, foreign visits were recorded at 3.2 million, 64.64% lower annually. The majority of tourists came via road travel at 66.3%. Mean... [read more]

The Central Bureau of Statistics (BPS) reported the August 2020 Consumer Price Index (IHK) contracted by 0.05%, resulting in 0.93% year to date IHK. Meanwhile, the annual IHK recorded at 1.32% YOY inflation. The slowing inflation was in line with the decrease in August core inflation which reached 0... [read more]

The government aims to reach 4.5% to 5.5% ranges of economic growth in 2021. The Minister of Finance Sri Mulyani Indrawati explained this is a moderate target considering the uncertainty in the current market due to Covid-19 pandemic. Furthermore, IMF projects Indonesian economy to grow at 6.1% whil... [read more]

CFLD International opens Samane Wholesale Market in Tangerang New City which was developed in cooperation with a Singaporean based shopping center developer, Samanea Group. Samanea is a one stop shopping center that provides all household needs that offers the experience of shopping in a mall made f... [read more]