After construction delays due to weather conditions, the government is optimistic that Nusantara Capital (IKN) Airport in East Kalimantan will be ready for limited operation by early September 2024. The Minister of Transportation, Budi Karya Sumadi, stated that the Ministry of Transportation and the... [read more]

The Indonesian government has officially extended the 100% Government-Borne Value Added Tax (VAT) incentive for house buyers until December 2024. In addition, the government also approved the addition for subsidized housing loans or Housing Funding Liquidity Facility (FLPP) from 166,000 to 200,000 h... [read more]

The Ministry of Public Works and Housing (PUPR) aims to complete the Patimban Access Toll Road, which has an investment value of Rp 5.02 trillion, by 2025. One of the National Strategic Projects (PSN) has the total length of 37.05 km and will be connected to the Cikopo-Palimanan (Cipali) Toll Road a... [read more]

Digital transaction performance is estimated to grow 14 folds, driven by the potential growth of the national economy to 10.05 billion transactions from 600 million transactions recorded in 2023. The three strategic environmental aspects to accelerate the growth including demographic shifts, digital... [read more]

The loan disbursement in July 2024 showed a 9% yoy growth, the highest this year. According to data from the Bank of Indonesia (BI), the property loan grew reaching Rp 1,391.3 trillion. This growth started in April 2024, when it reached 7.8% yoy and continued to May 2024 to 8.8%. [read more]