PT MRT Jakarta (Perseroda) signed three Memoranda Of Understandings (MOU) on the development of the Transit Oriented Development (TOD) projects in Jakarta on Wednesday (8 November). The first MOU is with Transit Oriented Development (TOD), the second with PT Melawai Jaya Realty and lastly, with BPJS... [read more]

The construction of the longest toll road in Indonesia, the Gedebage-Tasikmalaya-Cilacap Toll Road (Getaci), will start in the second quarter of 2024. Based on the Toll Road Management Agency’s (BPJT) homepage, currently, the bidding project’s process is in the pre-qualification announcement as the... [read more]

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]