PT Astra Modern Land has been handing over the units of Semayang Cluster, a part of Asya project which is an integrated residential area in Jakarta Garden City, East Jakarta since February 2019. Currently, the progress of the construction has reached 90% on 70 hectares of land area. The development... [read more]

PT Ciputra Residence will launch new clusters in four of its existing project in March 2020. The clusters are part of the Citra Maja Raya, Citra Garden Putri, Citra Raya and Citra Sentul Raya projects. Despite not having certain segment targeted, the middle segment below Rp1 billion and upper segmen... [read more]

The holding period of third phase tax amnesty will expiry in March 2020, which means all repatriated funds from the tax subject will be no longer obligated to be saved in Indonesia. According to the data from the Tax Directorate General, the repatriated fund which previously kept abroad has reached... [read more]

The Central Bank of Indonesia (BI) recorded Indonesia Foreign Debt (ULN) until the end of the fourth quarter of 2019 at US$404.3 billion or Rp5,660 trillion with the assumption of Rp14,000 per US dollar. Indonesia’s ULN grew 7.7% year on year (YOY) from US$376.8 billion in the fourth quarter of 2018... [read more]

The government targeted the groundbreaking of Kediri Airport project to start in April 2020 for the first phase. The Rp9.2 trillion project is aimed to be completed in April 2022. The project which is planned to be completed in three phases is the first project to be fully invested by private compan... [read more]