The government extended the tax incentives for Covid-19 relief to 30th of June 2021. As contained in the Ministry of Finance Regulation Number 9/PMK.03/2021, effective from 1 February 2021, the PMK-86/PMK.03/2020 jo PMK-110/PMK.03/2020 regulates the incentive provision until 31 December 2020. Inform... [read more]

The Central Bank of Indonesia (BI) estimated that the foreign capital inflows to portfolio instruments in 2021 will reach US$19.4 billion in line with the implementation of Job Creation Law Number 11 Year 2020 Regulation. Higher foreign capital inflows will help the government and Central Bank to st... [read more]

PT Summarecon Agung Tbk. (SMRA) allocated Rp500 billion for the capital expenditure in 2021 to fund its land acquisition and investment property developments. SMRA is also optimistic that the property market in 2021 will increase its marketing sales by 6% from the realized Rp3.3 trillion in 2020 wit... [read more]

The Ministry of Public Work and Public Housing (PUPR) through the Toll Road Management Agency (BPJT) will continue the development of toll roads in 2021 to increase toll road infrastructure services and boost logistic connectivity and recover national economy. BPJT aims to complete and operate 17 to... [read more]

Sinar Mas Land through BSD City recorded the sales of 1,000 residential units in the area of Tabebuya BSD City Tangerang in 2020. This achievement motivated BSD City to develop and launch its latest product namely Tabespots. Tabespots shophouse offers the concept of Commercial Living Space with the... [read more]