Recent Articles
Toll Road Projects Update
President Joko Widodo inspected construction of Semarang-Demak (26.7 KM) toll road on Friday (June 11). The toll road, built with public private partnership (PPP) scheme, is the first in Indonesia to act as a seawall along the coastline, a buffer against flooding that normally hits the area. PT Pembangunan Perumahan Semarang Demak, a subsidiary of state EPC firm PTPP, is main investor of the toll road.
Business
Toll Road Projects Update
President Joko Widodo inspected construction of Semarang-Demak (26.7 KM) toll road on Friday (June 11). The toll road, built with public private partnership (PPP) scheme, is the first in Indonesia to act as a seawall along the coastline, a buffer against flooding that normally hits the area. PT Pembangunan Perumahan Semarang Demak, a subsidiary of state EPC firm PTPP, is main investor of the toll road.
QUICK UPDATES
ECB to Leave Monetary Policy Unchanged
The European Central Bank is seen holding interest rates at record-low levels and leaving the pace of emergency bond purchases unchanged on June 10th, even if policymakers acknowledge an improvement in growth prospects due to...
Asian Stocks End Higher, US-China Relations in Focus
Major stock indexes in the Asia-Pacific region ended in the green but held their recent trading rang on Thursday, as investors welcomed US-China talks and continue to weigh rising inflationary pressures and the impact it will...
Retail Sales Rise for 1st Time in 17 Months
Retail sales in Indonesia jumped by 15.6 percent year-on-year in April 2021, after tumbling by 14.6 percent a month earlier. This marked the first time increase in retail trade in 17 months and the most since June 2016, amid...
Profiles
Bank INA & Salim Group
We have long speculated about what Salim Group would do following the acquisition of Bank INA Perdana (BINA). After a relatively slow start, BINA has in the past few months expanded significantly, thanks to broader support from the so-called ‘Salim Group Ecosystem’.