The Head of the Nusantara Capital City Authority (OIKN), Bambang Susantono stated that two star-rated hotels will fully operate on 17th August 2024, welcoming the celebration of the 79th Independence Day of Indonesia. These hot Nusantara Capital City Authority (OIKN) els are, Nusantara Hotel develop... [read more]

Bank Indonesia (BI) has implemented several significant measures to maintain a stable Rupiah after Eid al Fitr amidst the escalating conflict in the Middle East and the dynamic of the US economy. Measures taken including maintaining the balance between supply and demand of foreign exchange market th... [read more]

The Financial Services Authority (OJK), in its latest report as of February 2024, recorded that the net NPL was at 0.82%, increasing from the previous month at 0.79%. Meanwhile, Gross NPL remained unchanged from the previous month, stable at 2.35%. OJK instructed banks to increase their resilience b... [read more]

PT Sentul City Tbk. (BKSL) recorded positive performance with positive net profit attributable to the holding entity throughout 2023 at Rp332.3 billion. BKSL also recorded significant positive revenue of 115.56% increase to Rp1.72 billion as of 31 December 2023. In 2022, BKSL recorded its revenue at... [read more]

The Head of Infrastructure Development Operation Task Force Implementation of Nusantara Capital (IKN) Danis Hidayat Sumadilaga, stated that the First Phase of IKN development to be completed in 2024. This phase comprises the basic infrastructure development for the 2022-2024 duration. The first phas... [read more]