In the Indonesia Economic Prospect, the World Bank projects zero economic growth for Indonesia this year. Furthermore, the World Bank estimates the recovery process to start gradually despite the weak basis for this projection. Economic growth in 2021 is expected to grow by 4.8%, in line with the gr... [read more]

In the first quarter 2020, PT Kawasan Industri Jababeka Tbk (KIJA) recorded Rp111 billion of marketing sales or declining by 49.77% from Rp221 billion last year due to the physical distancing. The marketing sales were contributed by the commercial segment at 40% of the total, followed by the industr... [read more]

The Investment Coordinating Board (BKPM) is looking to solve the bottleneck of Rp300 trillion (US$20.83 billion) worth of investment commitments in the pipeline as the pandemic slows down the investment realization. Investment realization in the first quarter this year reached Rp210.7 trillion, incr... [read more]

To attract investors and compete with other countries, the government of Batang Regency (Pemkab) in Central Java has proposed for a free land lease for a few years in Batang Integrated Industrial Estate. In addition, Pemkab Batang is also committed to ease business and environmental permits such as... [read more]

Viercorp Limited aims to operate Amanama Resort, its tourism project in Adora, East Nusa Tenggara, in January 2021. The groundbreaking of the hotel and resort of Amanama Resort was started in the end of 2019 and it has progressed by 85%. Viercorp is optimistic that the tourism industry in East Nusa... [read more]