As of the first quarter of 2021, PT Total Bangun Persada Tbk. (TOTL) achieved Rp89 billion worth of new contracts from the development of hotels and office towers. This achievement is equal to 5.9% of the targeted new contract for 2021 of Rp1.5 trillion. TOTL has allocated Rp3 billion in capital exp... [read more]

The Central Bureau of Statistics (BPS) recorded a trade surplus in April 2021 to reach US$2.19 billion, fueling hopes a recovery underway. The surplus arose from exports of US$18.48 billion or increasing by 0.69% from the previous month and imports of US$16.29 billion or declining by 2.69% from Marc... [read more]

The government signals for another tax amnesty program in the revision discussion of the Tax General Regulations and Procedures (RUU KUP) Law due to lower tax revenue caused by Covid-19 pandemic hitting the business sectors and the public. The revised RUU KUP will include several taxation regulation... [read more]

President Joko Widodo (Jokowi) on 18th May 18, 2021, visited the Jakarta-Bandung High Speed Train project in Bekasi, West Java. The construction progress of the project has reached 73% and it is expected to enter the trial phase by the end of 2022 before operating. The president expects the project... [read more]

The Ministry of Public Work and Housing through the Toll Road Management Agency (BPJT) and Toll Road Business Agency (BUJT) Wika Serang Panimbang are accelerating the construction of Serang-Panimbang Toll Road in Banten. Currently, the construction of Section 1 Serang-Panimbang Toll Road has reached... [read more]