The Indonesian Government through the Ministry of Public Works and Public Housing will start the development of Demak to Gresik Toll road in 2025. The budget for the ministry in 2025 was set at Rp 75.6 trillion. Included in the infrastructure development program are the completion of several toll ro... [read more]

The Bank of Indonesia estimated that bank loan growth may reach 10% to 12% range in 2024 and in the 11% to 13% range in 2025. BI is also confident that Indonesian economic prospects in 2025 will improve with higher growth, lower inflation rate and strong exchange rate with the support from growing i... [read more]

The Statistics Indonesia (BPS) reported August 2024 annual inflation rate at 2.12% with the Consumer Price Index (IHK) reported with decline from 103.86 in August 2023 to 106.06 in August 2024. The monthly inflation rate was reported at 0.87% or 0.03% deflation year to date. [read more]

The Bali Urban Subway or Bali LRT project consists of four development phases. The project with a total investment value reaching US$ 20 billion or Rp309.72 trillion will be developed in four phases. As a whole, the first and second phase will be fully operational by the end of 2031. This project wa... [read more]

PT Krakatau Sarana Properti (KSP) with its subsidiaries under Krakatau Steel Group (KRAS) officiated several of their strategic projects simultaneously in the Driving Range Krakatau as a part of the 54th Anniversary of Krakatau Steel. The projects comprise the latest residential, Rakata Arum (Krista... [read more]