Indonesian property tycoon Sugianto Kusuma a.k.a Aguan, plans to develop a port, a theme park, and a Formula 1 racing circuit in Pantai Indah Kapuk Dua (PIK 2). According to the tycoon, this project will require more than Rp 5 trillion in capital expenditure in 2025. Currently, discussions with part... [read more]

The Head of the National Economic Council (DEN) Luhut Binsar Pandjaitan, signaled that the implementation of 12% Value Added Tax (PPN) in 2025 to be delayed. The government decided to provide a number of stimuli to the public before the implementation of VAT 12%. Currently, the 12% VAT policy is und... [read more]

PT Metropolitan Kentjana Tbk (MKPI), through Pondok Indah Group launched its premium residential project in Veteran area, South Jakarta named Aurelle Pondok Indah. The first phase development of the project on the total land area of 1.4 hectares is nearly completed, with 20 units, from the total of... [read more]

PT Summarecon Agung Tbk (Summarecon) achieved Rp 90 billion from the sales of its commercial product, Quantum Commercial shophouse in Summarecon Serpong. By adopting the concept of alfresco, the shophouses are available with and without a spacious balcony, with the total floor area of 5x16 on a tota... [read more]

In the OECD Economic Surveys Indonesia November 2024 edition, the Organisation for Economic Co-operation and Development (OECD) reported that Indonesia’s economy will grow by 5.2% yoy in 2025. This projection is in line with the target of the government in the 2025 State Budget. The growth in 2025 w... [read more]