The Ministry of Finance reported that the tax revenue in the second quarter or the period of April-June 2020 reached Rp531.71 trillion, or 44.35% of the target in the Presidential Regulation 72/2020. While according to the 2020 State Budget, tax revenue reached 32.37%. The budget realization as of 4... [read more]

Property companies decided to postpone new product launches and rely on the sales of their existing projects to meet the targeted marketing sales in 2020. As of the first semester of 2020, PT Metropolitan Land Tbk. (MTLA) achieved Rp540 billion in marketing sales from the targeted Rp1.1 trillion to... [read more]

The Central Bank of Indonesia (BI) recorded that foreign exchange reserve of Indonesia was at US$137 billion as of the end of August 2020 or increasing by US$1.9 billion as compared to the month of July at US135.1 billion. The August level was recorded as the highest in history, equivalent to 9.4 mo... [read more]

The construction of International Kertajati West Java International Airport toll access is officially started to expand the Cipali Toll Road. The 3.70-kilometer toll road will be expanded with additional ramps of approximately 3.35 kilometers to connect the airport with Cikampek-Palimanan (Cipali) a... [read more]

The Ministry of Public Work and Public Housing (PUPR) Basuki Hadimuljono announced three prioritized toll road projects. The first is Yogyakarta-Solo Toll Road project which will start soon. The second one is Palembang-Betung-Jambi Toll Road project in Sumatra. The third one is Pekanbaru to Padang r... [read more]