The Indonesian government projects the economy in the third quarter of 2020 to contract between -2.9% and -1%. If it continues the trend from the previous quarter of minus 5.32%, Indonesia’s economy will be stated in a recession. However, the Ministry of Finance Sri Mulyani Indrawati claims that Ind... [read more]

Marchand Hype Station project from PT Cipta Harmoni Lestari (CHL) in South Tangerang, Banten is aimed to be fully operational in April 2021. The commercial area adopts a modern concept to cater the millennial as its main target, comprising 266 building units with the total building area reaching 3,5... [read more]

PT Alamindo Trulynusa (ALSA) releases new clusters named Casa Familia in Panjibuwono Residence and Srikandi Cluster in Darmawangsa Residence in Bekasi. The new units in these clusters are of two-story houses with various types, aiming at millennials and young families with unit prices in the Rp600 m... [read more]

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]