Survey from the Central Bank of Indonesia (BI) shows that in the fourth quarter of 2019, the average cost spend by banks on customers’ fund in Rupiah is estimated to decline by 7 basis points (bps) from the previous quarter to 5.9%. While cost for the banks’ operational to obtain cost of loanable fu... [read more]

Indonesia swung back to a trade deficit in September in import declines slower than expected and recorded US$160.5 million in deficit after US$112.4 million trade surplus in August. Exports dropped 5.74% (YOY) in September to $14.10 billion, however, imports fell 2.41% (YOY) last month to $14.26 bil... [read more]

The last two sections of Pandaan-Malang Toll Road, or Section IV Singosari-Pakis, is completed and already passed the feasibility test by the Toll Road Management Agency (BPJT). The 38.35-kilometer Pandaan-Malang Toll Road is developed with Rp5.9 trillion investment and will reduce the travel time t... [read more]

Although the construction of 14.95-kilometer Harjamukti (Cibubur)-Cawang lane of LRT Jabodebek has been completed, facilities for signal, telecommunication and electricity haven’t been available. Furthermore, the construction of the station has only progressed by 50%. Other facilities such as road a... [read more]

PT Summarecon Agung Tbk. (SMRA) is optimistic to achieve its targeted marketing sales this year. Currently, SMRA has reached 84% progress or Rp600 billion from the targeted Rp4 trillion. The largest contributors are the projects in Serpong, Bekasi and Bandung which already reached Rp2.73 trillion. -... [read more]