The government will establish a Sovereign Wealth Fund (LPI) as one of the implementations of Cipta Kerja Regulation. The initial capital for LPI is set at Rp15 trillion. The establishment is specifically regulated in the central government investment chapter and in the eases of national strategic pr... [read more]

Under the Omnibus Law on Job Creation, foreigners will be allowed to hold a (right-to-build) title ownership of a strata title for the high-rise residential or apartment. The regulation is contained in Article 144 of Cipta Kerja Regulation. In addition, the ownership title can also be pledged for ba... [read more]

Riau will be connected with Jambi, West Sumatera and North Sumatera Provinces by a 616-kilometer toll road. The construction of Pekanbaru-Dumai toll road which is also known as Permai of 131 kilometers in length, has been inaugurated by President Jokowi.  It will be continued by the construction of... [read more]

PT Intiland Development Tbk. launched its latest promotional program, Intiland Story: Fabulous Friday which will run for three months from early October to end of December 2020. The event includes Intiland’s 17 best properties located in Jakarta, Tangerang and Surabaya for all property types, compri... [read more]

The House of Representatives (DPR) has ratified the Stamp Duties Regulation Draft (RUU), canceling the Rp3,000 and Rp6,000 stamp duties into a single Rp10,000 stamp duty. The regulation is effective starting from 1 January 2021, thus documents with value equal to or less than Rp5 million will no lon... [read more]