The Archipelago International (Aston Group) to open 20 new hotels in Indonesia this year, comprising 10 hotels under the Aston brand and five under Favehotels brand. Three hotels will use the Neo brand and the remaining includes the Quest Pemuda Hotel Semarang and Harper Simpang Lima Semarang. Aston... [read more]

PT Astra Modern Land has been handing over the units of Semayang Cluster, a part of Asya project which is an integrated residential area in Jakarta Garden City, East Jakarta since February 2019. Currently, the progress of the construction has reached 90% on 70 hectares of land area. The development... [read more]

PT Ciputra Residence will launch new clusters in four of its existing project in March 2020. The clusters are part of the Citra Maja Raya, Citra Garden Putri, Citra Raya and Citra Sentul Raya projects. Despite not having certain segment targeted, the middle segment below Rp1 billion and upper segmen... [read more]

The holding period of third phase tax amnesty will expiry in March 2020, which means all repatriated funds from the tax subject will be no longer obligated to be saved in Indonesia. According to the data from the Tax Directorate General, the repatriated fund which previously kept abroad has reached... [read more]

The Central Bank of Indonesia (BI) recorded Indonesia Foreign Debt (ULN) until the end of the fourth quarter of 2019 at US$404.3 billion or Rp5,660 trillion with the assumption of Rp14,000 per US dollar. Indonesia’s ULN grew 7.7% year on year (YOY) from US$376.8 billion in the fourth quarter of 2018... [read more]