The Indonesian government extended the tax holiday incentive for entities of non-pioneering industry sector with the emphasis of a one-year investment realization for investors from the regulation’s issuance. This regulation is contained in the Finance Ministry Decree of PMK No. 130/2020 which was r... [read more]

PT Prioritas Land Indonesia (PLI) is committed to complete the construction of all of its projects. One of them is Tower Lucia (A) of Majestic Point Serpong Apartment (MPS) whose handover of 70 units had been conducted since August until September 2020. MPS is a two-tower-apartment project, residing... [read more]

PT Lippo Karawaci Tbk. (LPKR) recorded a positive sales in the first nine months of 2020, increasing by 100% (yoy) at Rp2.28 trillion despite a weak economic condition impacted by the Covid-19 pandemic. In the third quarter of 2020, LPKR recorded a total sales of Rp1.2 trillion, increasing by 304% (... [read more]

As of September 2020, PT Puradelta Lestari (DMAS) recorded a marketing sales at Rp1.38 trillion or 69% of this year’s target. Industrial estate sales contributed the most by selling a total land area of 67.7 hectares. DMAS also recorded Rp252.59 billion and Rp78.93 billion in revenue and net profit,... [read more]

The Minister of Finance has signed the Regulation No. 138/2020 on procedures for the National Economic Recovery program, providing a subsidy ranging from 3% to 25% during the first three months. However, given the increase in unemployment rates and decreasing purchasing power, it has affected the ho... [read more]