The Provincial Government of DKI Jakarta issues Governor Regulation Number 118/2020 regarding Spatial Use Permit to hasten permit and boost property sector as a non-financial stimulus with the aim of improving property industry growth during the Covid-19 pandemic. This regulation simplifies and acce... [read more]

An integrated port for logistics and fishery in Ambon Island is projected to be the largest port in the eastern Indonesia region as well as the center for a new economy. According to the plan, the port will reside on a total land area of approximately 717 hectares with the development cost of Rp2 tr... [read more]

This year, PT Intiland Development Tbk. (Intiland) will focus on marketing its office spaces in Surabaya, East Java. It is targeting end-users as the market demand has shown a positive trend in early 2021. Currently, Intiland’s portfolio includes Intiland Tower and Praxis in the city center and Spaz... [read more]

The Central Bank of Indonesia (BI) estimated that the foreign capital inflows to portfolio instruments in 2021 will reach US$19.4 billion in line with the implementation of Job Creation Law Number 11 Year 2020 Regulation. Higher foreign capital inflows will help the government and Central Bank to st... [read more]

The government extended the tax incentives for Covid-19 relief to 30th of June 2021. As contained in the Ministry of Finance Regulation Number 9/PMK.03/2021, effective from 1 February 2021, the PMK-86/PMK.03/2020 jo PMK-110/PMK.03/2020 regulates the incentive provision until 31 December 2020. Inform... [read more]