As of September 25, 2023, the first phase of the Kuala Tanjung - Tebing Tinggi - Parapat Toll Road (Kutepat) is nearly 91% complete. Ergy Pramadipta, Corporate Secretary of PT Hutama Marga Waskita (HMW), shared that the Tebing Tinggi - Indrapura section of the Kutepat Toll Road is the only segment t... [read more]

The Finance Ministry's Directorate General of Taxes (DJP) collected revenue from Value Added Tax (VAT) collection for Trading Through Electronic Systems (PMSE) at IDR 15.15 trillion as of September 30, 2023, from 146 companies that carry out PMSE VAT collection. [read more]

Indonesia's September 2023 inflation remained under control at the target range of 3%±1, at 2.28% (yoy). Meanwhile, the core component experienced inflation of 0.12% month to month (mtm) or 2.00% (yoy), which is one of the lowest in the world. Based on Trading Economics' records, Indonesia's core in... [read more]

The Ministry of Public Works and Public Housing held a technical meeting with Batam Authority (BP) to accelerate the development of Rempang Island Estate in Batam, Riau Islands. One of the ministry’s assignments is to prepare a residential site plan which comprises 1,322 families (KK). There will al... [read more]

PT Agung Podomoro Land Tbk. (APLN) through its subsidiary, PT Tiara Metropolitan Land (TMI) has divested one of its assets, namely the Neo Soho Mall Shopping Center, to a Japanese property company, Hanshin Properties Corp through its subsidiary in Indonesia, PT NSM Assets Indonesia (NSMAI) at Rp1.44... [read more]