The Indonesian Retailers Association (Aprindo) estimates that the modern retail sector will grow 4.8% to 4.9% in the first semester of 2024 with the potential of further decline considering the declining purchasing power which has been shown by several indicators. One of the indicators is the deflat... [read more]

The Solo-Yogyakarta-YIA Kulonprogo Toll Road project is currently in the final stages of construction, specifically for Section 1 Solo-Purwomartani, which spans a total of 42.38 km. The construction of Section 1 comprises Package 1.1 Solo-Klaten, covering the total length of 22.30 km, and Package 1.... [read more]

The government aims to achieve 5.2% economic growth in the 2025 State Budget Draft (RAPBN), a realistic but anticipative level. This growth target was set by considering the current uncertain global economic condition with the tendency of stagnation and thus, Indonesia’s economy will rely more on do... [read more]

As of July 2024, the State Budget (APBN) shows a deficit of Rp 93.4 trillion of the Gross Domestic Product (GDP). The deficit widens from Rp 77.3 trillion or 0.34% against GDP in June 2024. Cumulatively, the 2024 State Budget was capped at Rp 522.8 trillion or 2.29% of GDP, as projected by the gover... [read more]

Following the success of Grand Batavia District (Raya Cadas-Kukun Pasar Kemis) and Puri District (Sukamantri Pasar Kemis), PT Jaya Real Property Tbk (JRPT), through its business unit Puri Jaya (PT Deltacendana Citapersada), is developing a new district named Royal Batavia on a total land area of 112... [read more]