PT Jasa Marga (JSMR) held its Annual General Meeting (RUPST) for the 2021 financial year on 27th April 2022.  One of the decisions from the meeting is the approval of the spinoff of Trans-Java lane to PT Jasamarga Transjawa Tol (JTT) through the restructuring program of State-Owned Enterprises. [read more]

Pelita Air has launched its initial flight of Jakarta – Bali – Jakarta route with Airbus A320-200 from Terminal 3 in Soekarno-Hatta Airport to I Gusti Ngurah Rai Bali Airport on 28 April 2022. Currently, Pelita Air Service has 2 units of Airbus A320-200 aircraft which arrived in Jakarta on 11 April... [read more]

The Investment Coordinating Board (BKPM) reported the investment realization in the first quarter of 2022 reached Rp282.4 trillion or growing by 28.5% yoy and 16.9% qtq. This growth shows the increasing confidence of foreign investors towards Indonesia’s improving economic potential. In detail, this... [read more]

Based on the Price Monitoring Survey in the third week of April 2022, the Central Bank of Indonesia stated that the price development was under control with inflation estimated at 0.74% mtm. Based on this development, the annual April 2022 inflation was estimated at 1.95% ytd and 3.26% yoy. [read more]

PT Indonesian Paradise Property Tbk (INPP) has acquired PT Prospek Duta Sukses (PDS), the development of Antasari Place project from the previous owner. One of the considerations for the acquisition is that the application of the mixed use concept of Antasari Place is in line with INPP’s development... [read more]