The government targeted the groundbreaking of Kediri Airport project to start in April 2020 for the first phase. The Rp9.2 trillion project is aimed to be completed in April 2022. The project which is planned to be completed in three phases is the first project to be fully invested by private compan... [read more]

The Central Bank of Indonesia (BI) recorded Indonesia Foreign Debt (ULN) until the end of the fourth quarter of 2019 at US$404.3 billion or Rp5,660 trillion with the assumption of Rp14,000 per US dollar. Indonesia’s ULN grew 7.7% year on year (YOY) from US$376.8 billion in the fourth quarter of 2018... [read more]

The holding period of third phase tax amnesty will expiry in March 2020, which means all repatriated funds from the tax subject will be no longer obligated to be saved in Indonesia. According to the data from the Tax Directorate General, the repatriated fund which previously kept abroad has reached... [read more]

PT Perintis Triniti Properti Tbk (TRIN) plans for expansion after its Initial Public Offering last January reached Rp129.76 billion. TRIN will allocate 35% of the total revenue for working capital and the development of Marc’s Boulevard Superblock project in Batam. The mixed-use project will reside... [read more]

PT Pelindo IV (Persero) has started the construction of Manado Marina Bay (MMB) Port with Rp1 trillion investment to support the tourism in North Sulawesi. The construction of various facilities includes a hotel, a shopping center, yacht and cruise ship docks which are planned to be completed in 202... [read more]