The Ministry of National Development Planning (PPN)/ National Development Planning Agency assesses that economic growth in 2022 of 5.31% is not optimal. Ideally, the State Budget acts as an automatic stabilizer which countercyclically when the economy grows too high in order to reduce the negative i... [read more]

Based on data from the Central Bureau of Statistics, Indonesia’s economic growth in the third quarter of 2022 was recorded at 5.72%, which according to the Ministry of Investment/Coordinating Investment Board (BKPM) is heading toward quality economic growth. The Indonesian government has aimed to re... [read more]

The latest e-Conomy SEA report projects Indonesia's digital economy to reach a Gross Merchandise Value (GMV) of US$77 billion and to grow by 22% by the end of 2022. As of 2025, the digital economy is also projected to reach US$130 billion with the Compound Annual Growth Rate (CAGR) of 19% and by 203... [read more]

Sanur Port revitalization project was officially inaugurated by President Joko Widodo (Jokowi) on Wednesday (9/11/2022) and is ready for the G20 Summit. The Sanur Port will also facilitate the delegations for leisure visits between the G20 Summit agenda. The project with Rp376 billion investment val... [read more]

The Minister of Transportation Budi Karya Sumadi stated that the LRT Jabodebek will be fully operational in June 2023 and in March 2023 it will be opened for the public for trial for routes from Depok to Jakarta and from Bekasi to Jakarta with long headways. The progress of LRT Jabodebek, according... [read more]