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]

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]

PT Hutama Karya (Persero) has completed the construction of Pekanbaru-Bangkinang Toll Lane, a part of the Trans Sumatra (JTTS) Toll Road which spans the total length of 40 kilometers. The toll lane will be connected to the Lingkar Pekanbaru Toll Road project, which is a part of the Second Phase of J... [read more]

PT Intiland Development Tbk. (DILD) conducted the groundbreaking ceremony of its three investment projects in Nusantara Capital (IKN) with the total value of Rp 2.6 trillion on Monday (12th August), comprising Grand Whiz Nusantara, a mixed-use estate residing on a total land area of 0.76 hectare; Nu... [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]