The Minister of Finance Sri Mulyani Indrawati reports that tax revenue as of August declined by 15.6% annually. The total new tax revenue reached Rp676.9 trillion or 56.5% from the targeted Rp1,198.8 trillion in the Presidential Regulation 72 year 2020. [read more]

The government is studying several incentive packages for the property sector amidst the Covid-19 pandemic to maintain the mortgage loan stability by banks. The incentives will include in the National Economic Recovery Program(PEN), comprising the provision of the property transfer tax (BPHTB) for t... [read more]

Harvest City is optimistic to reach its sales target this year after recording 70% increase in sales of its houses and shophouses in Harvest City area in July and August 2020 period as compared to the previous months. The increase in sales was driven by the addition of public, social and commercial... [read more]

PT Surya Semesta Internusa Tbk. (SSIA) and PT Kawasan Industri Jababeka Tbk. (KIJA) are enthusiastic to the potential coming from the relocation of foreign companies to Indonesia. According to the data from the Investment Coordinating Board (BKPM), there are currently 143 companies planning to reloc... [read more]

PT Mega Manungal Property Tbk. (MMLP) will soon conclude its divestment transaction of four warehouse estates to form a private investment along with Keppel Corp and PT Asuransi Jiwa Manulife Indonesia. It is expected to secure a net funding of Rp1.1 trillion. The transaction is expected to conclude... [read more]