Domestic tourists are expected to make fewer trips to local destinations this year than the government’s target of 1.2 billion to 1.4 billion trips. The Central Bureau of Statistics (BPS) recorded only 626 million domestic tourist trips as of September, jumped 12.81% from the same period last year b... [read more]

The Deposit Insurance Agency ensures that the Deposit Insurance Interest Rate (TBP) will remain the same until 2024 despite the increase in the Central Bank of Indonesia key interest rate by 25 basis points (bps) to 6%, by considering the economic condition. Currently, the TBP of private banks, fore... [read more]

The government has officially started the construction of Jakarta LRT Phase 1B Velodrome-Manggarai which spans a total length of 6.4 km on Monday (10 October) by conducting the groundbreaking ceremony attended by the Minister of Transportation Budi Kaya Sumadi and the Governor of DKI Jakarta Heru Bu... [read more]

The Central Bureau of Statistics (BPS) reported that October 2023 inflation was at 0.17% mtm or 2.56%. Annually, the inflation rate was recorded at 2.56% yoy or 1.80% year to date. [read more]

ISPI Group will start Sva CasaSawangan residential project in Depok, West Java with PT Orobie Capital International as the investment partner. The landed houses are offered at prices starting from Rp1.4 billion to Rp2.7 billion per unit. The residential area can be accessed within 15 minutes from Sa... [read more]