NEWS

The Ministry of Transportation Budi Karya Sumadi says that the construction stage of the Jakarta-Surabaya high speed train project will start in 2021 and it is currently undergoing a feasibility study. The project to be constructed by Japan will travel at the maximum speed of 160 kilometers per hour... [read more]

MRT Jakarta project phase II route Bundaran HI-Kota will start its construction by the end of 2020. Currently CP202 and CP203 are being auctioned with the auction of CP201 for route Bundaran HI-Harmoni already completed and the construction to start in March 2020. -Detik.com [read more]

Survey from the Central Bank of Indonesia (BI) shows that in the fourth quarter of 2019, the average cost spend by banks on customers’ fund in Rupiah is estimated to decline by 7 basis points (bps) from the previous quarter to 5.9%. While cost for the banks’ operational to obtain cost of loanable fu... [read more]

Indonesia swung back to a trade deficit in September in import declines slower than expected and recorded US$160.5 million in deficit after US$112.4 million trade surplus in August. Exports dropped 5.74% (YOY) in September to $14.10 billion, however, imports fell 2.41% (YOY) last month to $14.26 bil... [read more]

The last two sections of Pandaan-Malang Toll Road, or Section IV Singosari-Pakis, is completed and already passed the feasibility test by the Toll Road Management Agency (BPJT). The 38.35-kilometer Pandaan-Malang Toll Road is developed with Rp5.9 trillion investment and will reduce the travel time t... [read more]