PT Mitra Sindo Sukses, a subsidiary of PT Modernland Realty Tbk., held the groundbreaking ceremony of Cleon Park Apartment, its first apartment project in Jakarta Garden City (JGC) Township. The sales of the 310-unit apartment has reached 80% with prices starting from Rp500 million to Rp1.4 billion.... [read more]

The Minister of Finance Sri Mulyani Indrawati reports that tax revenue as of August declined by 15.6% annually. The total new tax revenue reached Rp676.9 trillion or 56.5% from the targeted Rp1,198.8 trillion in the Presidential Regulation 72 year 2020. [read more]

The Transportation Minister Budi Karya Sumadi aims to operate the first phase Patimban Port in November or December 2020. In this phase, the port will operate with the capacity of 250,000 teus and 25 hectares of vehicle terminal for the export of 218,000 vehicles from the total of 7 million teus cap... [read more]

The government is studying several incentive packages for the property sector amidst the Covid-19 pandemic to maintain the mortgage loan stability by banks. The incentives will include in the National Economic Recovery Program(PEN), comprising the provision of the property transfer tax (BPHTB) for t... [read more]

PT Surya Semesta Internusa Tbk. (SSIA) and PT Kawasan Industri Jababeka Tbk. (KIJA) are enthusiastic to the potential coming from the relocation of foreign companies to Indonesia. According to the data from the Investment Coordinating Board (BKPM), there are currently 143 companies planning to reloc... [read more]