The Ministry of Transportation (Kemenhub) aims to complete the extended route of LRT Jakarta Phase 1B Velodrome-Manggarai in the third quarter of 2026. As of the second week of June 2024, the construction progress has reached 18.147%. In this phase, the LRT route will be extended by 6.4 kilometers,... [read more]

The Indrapura-Kisaran Toll Road is officially connected and completed the Trans-Sumatera Toll Network (JTTS) with the operation of Section 2 of Lima Puluh-Kisaran which has a total length of 31.9 kilometers in May 2024. Previously, Section 1 Indrapura-Lima Puluh, which spans the total of 15.6 kilome... [read more]

The Ministry of Finance reported that the State Budget Deficit (APBN) was recorded with a Rp 21.8 trillion deficit or 0.1% of the Gross Domestic Product (DB) as of 31st May 2024.  Meanwhile, the primary balance was recorded with Rp 184.2 trillion surplus. [read more]

Goldland Group invested Rp 1.5 trillion in developing a millennial residential project named Terranea Homes in Tangerang, Banten. The project resides on a total land area of 35 hectares comprising seven clusters totaling 3,000 houses and are offered at prices starting from Rp 540 million per unit wi... [read more]

The Bank of Indonesia launched its latest macroprudential policy named Banking Foreign Funding Ratio (RPLN) in relation to foreign funding in the country starting from 1st August 2024. The RPLN Policy comprises the definition and the funding coverage of foreign funding in the calculation of the maxi... [read more]