The Indonesian government aims to realize the total of Rp 78.1 trillion in investment in 2024 and to employ 38.953 workers from Special Economic Zones (KEK). The investment realization from KEKs in the first quarter of 2024 was recorded at Rp31.4 trillion or 40% of the 2024 target. Cumulatively, sin... [read more]

The construction progress of the toll road from Balikpapan to the National Capital (IKN) has reached 90%. This toll road is targeted to be operational for the Independence Day celebration on August 17, 2024, in Nusantara, East Kalimantan. In addition to the toll road, the Ceremonial Plaza for the In... [read more]

PT Intra Golflink Resorts Tbk. (GOLF) has started the marketing of The Links Golf Villa in Pecatu Indah Resort area, Jimbaran, Bali. From this project, GOLF aims to achieve Rp 465 billion in marketing sales. The total land area of this project is planned to reach 10 hectares. For the first phase of... [read more]

The Bank Indonesia decided to hold the benchmark interest rate (BI Rate) at 6.25%, the deposit facility at 5.5% and the lending facility at 7% in its Board of Governors Meeting on 16-17 July 2024. The decision is consistent with the pro-stability monetary policy to ensure stable inflation rate withi... [read more]

The Ministry of Public Works and Housing aims to complete the first phase of the Probolinggo-Banyuwangi (Probowangi) Toll Road which comprises 3 sections from Gending to Besuki, a National Strategic Project, to be completed in December 2024. The Toll Road Management Agency (BPJT) recorded the averag... [read more]