The Central Bank of Indonesia (BI) predicts Rupiah's exchange rate to rebound to its fundamentals in the second semester of 2024. This prediction is in line with BI’s projection on the key rate interest policy from the Federal Reserve who may lower its key interest rate and resulting in US Dollar de... [read more]

Based on data from the Ministry of Public Works and Public Housing (PUPR), the first phase of Nusantara Capital (IKN) construction progress as a whole has reached 71.47%. The areas included in the first phase comprises the Presidential Residential and ceremonial field whose progress has reached 54.0... [read more]

In 2024, PT Surya Semesta Internusa Tbk. (SSIA) successfully sold 20.5 hectares of industrial land,  increasing by 64% (yoy) with a total value of Rp392 billion. PT AKR Corporindo Tbk. (AKR) also recorded a 44.44% sales increase with a total industrial land area of 130 hectares realized in the JIIPE... [read more]

The government has set the 2024 inflation rate target at the 2.5%±1% range. The effort to achieve this target includes the coordination between fiscal and monetary policies. Meanwhile, the inflation for 2025-2027 is targeted at 2.5±1% range. In December 2023, Indonesia recorded its inflation rate at... [read more]

The Ministry of Public Works and Housing (PUPR) recorded the construction progress of Section 2B Lane Cikeas-Cibitung of Cimanggis-Cibitung Toll Road has reached 82.67% with the plan to be fully completed in the second quarter of 2024. The Cimanggis-Cibitung Toll Road will also connect a number of t... [read more]