Full-year inflation remained below Bank Indonesia’s (BI) target range for 2021, but relaxation in mobility curbs led prices to gradually increase, at least from September last year. Indonesia Bureau of Statistics (BPS) reported that Consumer Price Index (CPI) was up 1.87% yoy in December 2021, the h... [read more]

The Governor of the Central Bank of Indonesia (BI) Perry Warjiyo is confident that Indonesia’s economic growth in 2022 may reach within the range of 4.7% - 5.5%, higher than the 2021 estimated growth of 3.2% - 4%. The growth will be supported by several economic indicators, including the controlled... [read more]

State-owned construction firm PT Hutama Karya (Persero) booked Rp 8.45 trillion worth of contracts in 2021, comprising Rp4.42 trillion in joint operation agreement (KSO) and Rp 4.03 trillion in non-KSO contracts. As of September 2021, earnings before interest, taxes, depreciation and amortization (E... [read more]

PT Daya Property Services (DPS) launched a property buying and selling site, especially the primary market segment, RoomA21.com to anticipate the increasing public interest in searching for properties online. Founder of Real Estate & Mortgage Institute (REMI) and Rooma21.com, Djoko Yoewono said, the... [read more]

The Ministry of Public Works and Public Housing targets the construction of the Bekasi-Cawang-Kampung Melayu (Becakayu) Toll Road to be completed by 2024. The government will support the completion of the 23.68 km road by helping the developer resolve the land and funding issues. [read more]