PT Megapolitan Development Tbk. (EMDE) may have to revise its marketing sales for 2020 due to the pandemic. In the first semester 2020, EMDE has only achieved Rp91 billion from the total target of Rp600 billion for the entire year of 2020. In the first semester of 2020, EMDE has achieved Rp52.3 bill... [read more]

PT Yiho Jakarta Real Estate Development, a subsidiary of New Yi-Ho Holding Group Co. Ltd., Hong Kong, is eager to expand to Indonesian property industry. It will develop a new residential cluster named Sentosa Park in Cikupa, Banten, residing on 2,600 hectares of the total land area. Yiho Jakarta pl... [read more]

The Tax Directorate General of the Ministry of Finance decided to increase the installment rebate for the corporate income tax of PPh 25 from 30% to 50%, applied to all tax subjects of 1,013 business sectors, particularly those corporations who receive ease trading of imports and exports as well as... [read more]

Ciputra Group through PT Ciputra Residence continues with the development of Citra Sentul Raya Estate amidst the Covid-19 pandemic and recorded Rp350 billion in sales. The 1,000 hectare project in the southern of Jakarta adopts the concept of an integrated city surrounded by city-scale facilities an... [read more]

PT Island Concepts Indonesia Tbk. (ICON) recorded a 24% decrease in its net profit to Rp64.61 billion in the first semester of 2020 as compared to the same period last year. ICON has adopted a wait-and-see policy to launch new projects. One of the projects to be completed this year includes the Beac... [read more]