The Job Creation Omnibus Law requires industrial estate management companies to acquire 50% of the total project land area proposed as a Special Economic Zone (KEK). This regulation provides assurance for investor to increase investment. The Law also includes several tax incentives including reducti... [read more]

The Toll Road Management Agency (BPJT) aims to inaugurate and operate five new toll lanes of 81.97 kilometers in length before the end of 2020. With the operation of the five new lanes, the total length operating in the period of 2015-2020 has been 1,589.97 kilometers. Furthermore, BPJT also aims to... [read more]

Indonesia and Japan launched the Japan-Indonesia Partnership Lounge (Jaipong) dashboard to be the economic information center, specifically for the trade and investment. Jaipong was launched virtually by the Embassy of the Republic of Indonesia in Tokyo, Japan, the Central Bank of Indonesia, the Min... [read more]

The number of passengers in 19 airports managed by PT Angkasa Pura (AP) II (Persero) in the third quarter of 2020 grew from 1.56 million passenger to 5.42 million passengers or increasing by 247.43%. Flight traffic also increased by 107.7% to 70,351 flights from 33,871 flights. The Soekarno-Hatta in... [read more]

The Central Bank of Indonesia (BI) holds the key interest rate at 4% from 4.25% in the previous month to maintain Rupiah stability with consideration to the deflation trend as one of the economic indicators. BI aims for the inflation rate within 2%-4% ranges. Based on the data from the Central Burea... [read more]