Bank Indonesia (BI) estimates the Federal Reserve will cut its key interest rate in December 2024 in response to the economic fluctuation in the United States. Nationally, BI estimated the 2024 economy to remain in the 4.7% to 5.5% range and that in the second quarter of 2024, the economy will remai... [read more]

The Ministry of Public Works and Housing Basuki Hadimuljono stated that the construction progress of Nusantara Capital (IKN) has reached 81% as of May 2024. The minister also stated that a number of infrastructure projects are aimed to be operational in stages starting from June to August 2024.  [read more]

PT Perintis Triniti Properti Tbk. (TRIN) aims to achieve Rp1.3 trillion in its 2024 marketing sales target. As of April 2024, the total marketing sales achieved by TRIN reached Rp426.2 billion or approximately 35% of the total target for 2024 at Rp1.2 trillion. According to its strategy, TRIN will l... [read more]

The Central Bureau of Statistics (BPS) recorded Indonesia’s economy growth reached 5.11% yoy in the first quarter of 2024. The growth was the highest since 2015. Indonesia is one of the countries who recorded strong and persistent growth in the high level compared to Malaysia (3.9%), South Korea (3.... [read more]

As of Thursday (25th April), the construction progress of MRT Jakarta CP 201 (Thamrin and Monas Station) phase 2A has reached 75.83%, right on schedule. The MRT Jakarta Phase 2A will connect Bundaran HI Station and Kota Station with the total length of 5.8 kilometers and comprises seven underground... [read more]