NEWS

The Indonesian Real Estate Association (REI) reported an increase in sales by one and a half and even double due to the added value tax (PPN) incentive. The government removes the VAT/PPN for landed houses and apartment units as regulated by the Ministry of Finance (PMK) NO. 21/2021. REI also estima... [read more]

PT Kereta Api Indonesia (Persero) (KAI) aims to operate the Greater Jakarta Light Rail Transit (LRT) in July 2022 with 18 stations. As of the 5th of March 2021, the Greater Jakarta LRT construction has progressed by 83.37%, comprising line service I Cawang-Cibubur at 93.67%, line 2 Cawang-Kuningan-D... [read more]

Indonesia-Singapore Bilateral Investment Treaty (BIT) has been ratified and it is expected to boost the investment flow for both countries by 18% and 22%, respectively over the next five years. The treaty provides greater legal certainty to Indonesian and Singaporean investors who invest in each cou... [read more]

Sinar Mas Land achieve Rp210 billion sales of 107 units from the Wish for Home program launched on Saturday with the support of the added value tax (PPN) incentive borne by the government (DPT). The Wish for Home program is available for ready stock and under construction stocks, comprising houses,... [read more]

The Directorate of Funding and Risk Management (DJPPR) of the Minister of Finance stated that the government has prepared plans to counter the deficit of Rp1,006.4 trillion or 5.7% of the Gross Domestic Product in 2021. The government will issue a government bond (Surat Berharga Negara) aimed at obt... [read more]