President Joko Widodo stated that the majority of the IKN development fund came from investors and 20% from the government. He also stated that investors can freely choose the area and sector they are interested to invest in, reiterating that this is the golden opportunity for them to participate in... [read more]

PT Agung Podomoro Land Tbk (APLN) is working together with PT Kereta Api Indonesia (Persero), the Ministry of Transportation, the Government of Tangerang Regency and the Bogor regency to develop an extension for Tigaraksa Station in Tangerang Regency and a flyover in Bogor Regency in order to increa... [read more]

The Directorate General of Railways (DJKA) of the Ministry of Transportation invites South Korea to participate in the development of the Phase 4 MRT Jakarta network during the 28th ASEAN Transport Minister Meeting in Bali. At least three routes were in the preliminary review of the project, compris... [read more]

The Ministry of Public Works and Housing aims to complete the construction of the 50-km Aceh-Seulimeum section of the Banda Aceh-Sigli toll road by the end of this year. The construction of Banda Aceh-Sigli with a total of 74.2 km in length is one of the main lanes of Trans Sumatra Toll Road, a Nati... [read more]

The Governor of Bank Indonesia Perry Warjiyo reported the September inflation was lower, at 5.9% (yoy) from previous estimation. The well maintained inflation despite the increase in fuel prices was due to close coordination and synergy between the central and local governments to mitigate the rippl... [read more]