The Finance Minister Sri Mulyani Indrawati reported that the realized value added tax (VAT) revenue on digital products traded via electronic systems reached Rp616 billion as of 23 December 2020. Furthermore, the total tax revenue was recorded at Rp1,019.56 trillion or 85.65% from the targeted Rp1,1... [read more]

PT Symbiotik Multitalenta Indonesia (SMI) plans to break ground the NET 89 Tower office building project in mid 2021. To develop the Rp450 billion project, SMI will cooperate with PTI Architects. The project resides on a total land area of 8,000 square meters in the BSD City Business Center area, Ta... [read more]

The Central Bank of Indonesia (BI) decided to keep the BI 7-Day (Reverse) Repo Rate (BI&DRR) at 3.75%, the lowest since April 2016. The deposit facility and lending facility interest rates were also kept at 3% and 4.5%, respectively. [read more]

Economic recovery prospect drives optimism among the property companies. PT Lippo Karawaci Tbk. (LPKR) plans to allocate approximately Rp4 trillion capital in 2021, higher than Rp2 trillion allocated in 2020. PT Ciputra Development Tbk. (CTRA) plans to allocate approximately Rp1 trillion, while PT P... [read more]

PT Kereta Cepat Indonesia China (KCIC) as the consortium contractor of Jakarta-Bandung High Speed Train Project has completed the Tunnel One of 13.2 meters in diameter and 1,885 meters in length. The construction was completed by utilizing TBM drill, the largest drill in Southeast Asia without distu... [read more]