The Statistics Indonesia (BPS) reported trade surplus at US$ 2.48 billion in October 2024. This surplus continued the trend in the last 54 months since May 2020. However, the trade surplus in October 2024 was lower by 23.22% (mtm) from US$ 3.23 billion in the previous month and 28.53% (yoy) lower th... [read more]

The Special Economic Zone (KEK) has realized Rp 242.5 trillion in investment as of the third quarter of 2024 and based on the data from the KEK National Board, this also significantly increased the employment rate from the previous period, reaching 151,260 workers as of September 2024. From the tota... [read more]

The Ministry of Public Works has confirmed that the Bogor-Sukabumi (Bocimi) Toll Road project will be extended to East Sukabumi. Furthermore, there is also a plan to extend the project to Padalarang, Bandung Barat through Ciranjang. The Bocimi Toll Road spans the total length of 54 kilometers and co... [read more]

Vasanta Group and PT MC Urban Development Indonesia (MCUDI), a subsidiary of Mitsubishi Corporation, launched a new project named Myztro in Shila at Sawangan, Depok. The integrated city development offers flagship facilities and lake view residences. Myztro is located within the Riverie Cluster, com... [read more]

PT Agung Podomoro Land Tbk concluded the divestment of Pullman Hotel Ciawi Vimalis Hills Resort Spa & Convention, Ciawi through its subsidiary PT Putra Adhi Prima (AP) to PT Bangun Loka Indah (BLI). The proceeds will be allocated to finance a number of its property projects and debt payment. As of S... [read more]