On July 4, 2023, the credit rating agency Standard & Poor's (S&P) reaffirmed Indonesia's Sovereign Credit Rating at BBB, attaching a stable outlook. This decision reflected Indonesia's robust prospects for economic growth, a commendable history of sound policy implementation, and rapid fiscal consol... [read more]

According to the Central Bank of Indonesia (BI), June 2023 inflation rate continued to fall and returned to the targeted range of 3+1% faster than previous estimation. Based on data from the Central Bureau of Statistics (BPS), the June 2023 Consumer Price Index (IHK) was recorded at 0.14% mtm and th... [read more]

Minister of Agrarian Affairs and Spatial Planning (ATR)/Head of the National Land Agency (BPN) Hadi Tjahjanto has officially declared the City of Madiun as a ‘Complete City’ (28/3/2023). Since the enactment of the Basic Agrarian Law (UUPA), Madiun City is the second city after Denpasar to be declare... [read more]

The plan to construct thorium nuclear plant in Bangka Belitung island may be realized soon. The result of ecologic study supports this project. In the first phase, this project will be constructed with the help from South Korea. The reactor will be brought in to Kelasa or Gelasa Island in Central Ba... [read more]

The subsidiary of PT Astra Internasional (ASII) in property sector, Astra Property, posted IDR29 billion income in 2022, rising almost 10 percent from IDR117 billion in 2021. Other than initiating projects to boost portfolio, the company also carries out corporate actions to stimulate the business,... [read more]