The Deputy Head of the Jakarta Representative Office of Bank Indonesia (BI), Musni Hardi K. Atmaja, stated that the cumulative transaction volume of the Quick Response Code Indonesian Standard (QRIS) in Jakarta grew by 263% yoy, reaching 462.55 million transactions by April 2024. In 2024, new QRIS u... [read more]

The National Council of Special Economic Zones has approved the proposals for the establishment of Batam International Health Tourism Special Economic Zone (KEK), KEK in Tangerang, and KEK in Morowali in the National Council Meeting in Jakarta on Wednesday, 29th May. With the approvals of this three... [read more]

The cashless, contactless, non-stop toll road transaction system or Multi Lane Free Flow (MLFF) will be implemented by the end of 2024 in phases. The President Director of PT Roatex Indonesia Toll System (RITS) Attila Keszeg disclosed this during The 19th ITS Asia Pacific Forum 2024 at the Jakarta C... [read more]

The Residential Property Price Survey (SHPR) in the first quarter of 2024 was recorded at 1,89% (yoy), followed by 31.6% (yoy) increase in residential property sales. These growth driven PT Summarecon Agung Tbk to inaugurate four projects in a single day, comprising the groundbreaking of Summarecon... [read more]

The Ministry of Finance reported that the State Budget (APBN) maintained a surplus through April 2024 at Rp75,7 trillion. The state revenue realization reached Rp924,9 trillion or equal to 33% of the targeted APBN. This revenue realization is lower than last year. However, the realized spending was... [read more]