The Central Bank of Indonesia (BI) stated that Indonesia’s Foreign Debt (ULN) in August 2023 was decreasing from the previous month, at US$395.1 billion from US$397.1 billion by the end of July 2023. [read more]

Bank Indonesia (BI) raised its benchmark interest rate on October 19, 2023. BI raised the BI 7-day reverse repo rate (BI7DRRR) by 25 basis points to 6%. [read more]

The Groundbreaking of Tanjung Carat Port project in Banyuasin Regency, South Sumatra has been planned for 2024, as stated by the Minister of Transportation Budi Karya Sumadi in the Limited Meeting with South Sumatra Governor Agus Fatoni on Saturday (10 October). Currently, the certifications, design... [read more]

PT Hutama Karya (Persero) expanded the Padang-Sicicin Toll Road with 14 underpasses by adopting several methods during construction which reduce disturbance to the public’s activities, including the use of Hydraulic Static Pile Driver (HSPD) for the installation of pile foundations to reduce the vib... [read more]

Citra Swarna Group (CSG), through its subsidiary, PT Bumi Arta Sedayu, has acquired a four-star hotel in Palembang, South Sumatra from PT Bank QNB Indonesia Tbk with the acquisition value of Rp51 billion. This acquisition is aimed to obtain new potential from out of Jakarta, Karawang, Bogor and Sera... [read more]