The World Bank has approved a US$300 million or Rp4.8 trillion (exchange rate Rp16,000) loan for Indonesia to support the financial sector reformation in Indonesia for economic growth. The Indonesian government has taken several steps to strengthen its financial sector, especially in financial monit... [read more]

In respond the outbreak of Covid-19, the Central Bank of Indonesia (BI) cut the interest rate to 4.5% and revised Indonesia’s economic growth from 5%-5.4% to 4.2%-4.6%. The interest rate cut has no significant effect to the property industry because technically, marketing activities are hindered by... [read more]

The government will begin the construction of the new capital city in East Kalimantan in October this year. The first infrastructure to be constructed after the groundbreaking is road access to the capital city, dams and drainage system. [read more]

The Ministry of Public Works and Housing sets to finish 28 toll road projects (482 km) this year. Three of them have undergone feasibility test and are ready for use for the upcoming Eid al Ftr holiday. The toll road including Manado-Bitung toll road section 1, Pekanbaru – Dumai toll road and Kayu A... [read more]

The Central Bank of Indonesia (BI) cut the projection of Indonesia’s economic growth to the range of 4.2% to 4.6%, from previously 5.0% and 5.4% range. This is the second revision after the revision from 5.1% to 5.5%. [read more]