To ease pressure on the property companies, the Indonesian Real Estate (REI) is requesting for the government to provide further incentives in the form of tax relaxation, including the deletion of PPh 21 (tax revenue), the reduction of corporate income tax (PPh Badan), the reduction of final PPh fro... [read more]

The Association of Indonesia Real Estate Companies is preparing the Standard Operating Procedures (SOP) for the new normal. The SOP will regulate the procedures of transactions, including the validation of certificates, dividing of certificates, taxation, permits, etc. In general, the property devel... [read more]

PT Metropolitan Kentjana Tbk (MKPI), a member of Group Pondok Indah, states that its property sales and lease were slowing down in almost all property project segments. Revenue decline reported in residential and hospitality segments as demand was low. However, MKPI’s performance was recorded with t... [read more]

PT Perintis Triniti Tbk (TRIN) is preparing for an expansion this year with the plan to develop a landed housing project in Batam, a Logistics Park and a Transit Oriented Development (TOD) project. It is currently being explored with potential partners. In addition, TRIN will also focus on its exist... [read more]

The Budget of the Central Bank of Indonesia (BI) in 2019 recorded with operational surplus after tax of Rp33.35%. Despite higher than target, this number is Rp14.67 trillion or 30.55% less than the surplus in 2018. In the 2019 Annual Balance of BI, the surplus before tax was recorded at Rp45.22 tril... [read more]