The government plans to establish an Investment Management Institution (LPI) or Sovereign Wealth Fund (SWF) as included in the Cipta Kerja Ombibus Law Regulation (RUU) to attract investments in Indonesia. For its independency, there will be supervisory and director boards, comprising five members fr... [read more]

The Transportation Minister Budi Karya Sumadi aims to operate the first phase Patimban Port in November or December 2020. In this phase, the port will operate with the capacity of 250,000 teus and 25 hectares of vehicle terminal for the export of 218,000 vehicles from the total of 7 million teus cap... [read more]

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]