The Ministry of Transportation Budi Karya Sumadi says that the construction stage of the Jakarta-Surabaya high speed train project will start in 2021 and it is currently undergoing a feasibility study. The project to be constructed by Japan will travel at the maximum speed of 160 kilometers per hour... [read more]

PT Metropolitan Land Tbk (MTLA) aims its marketing sales for 2020 at Rp2.1 trillion. MTLA will focus on its joint operation projects with Keppel Land Cakung in the middle segment. MTLA will also increase its landbank in its existing projects areas funded by its Rp200 billion capital expenditure and... [read more]

PT Perintis Triniti Properti (Triniti Land) projects that its targeted marketing sales of Rp1.1 trillion will be dominated by its project named Marc’s Boulevard Batam. The project gross development value (GDV) is estimated at approximately Rp5 trillion-Rp6 trillion with a contribution of 20% to the... [read more]

Survey from the Central Bank of Indonesia (BI) shows that in the fourth quarter of 2019, the average cost spend by banks on customers’ fund in Rupiah is estimated to decline by 7 basis points (bps) from the previous quarter to 5.9%. While cost for the banks’ operational to obtain cost of loanable fu... [read more]

Indonesia swung back to a trade deficit in September in import declines slower than expected and recorded US$160.5 million in deficit after US$112.4 million trade surplus in August. Exports dropped 5.74% (YOY) in September to $14.10 billion, however, imports fell 2.41% (YOY) last month to $14.26 bil... [read more]