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]

The government targeted the groundbreaking of Kediri Airport project to start in April 2020 for the first phase. The Rp9.2 trillion project is aimed to be completed in April 2022. The project which is planned to be completed in three phases is the first project to be fully invested by private compan... [read more]

PT Kawasan Industri Jababeka Tbk (KIJA) continues the extension of Kendal Special Economic Zone (KEK) or Kendal Industrial Park (KIP) to 860 hectares due to the increasing demands. Previously, KIP is known as Kawasan Industri Kendal, a joint venture between Sembcorp Development Ltd and KIJA who owns... [read more]

Ciputra Group aims to sell property in its integrated project CitraLand BSB City in Semarang this year to grow higher than 50% after in 2019 recording 200% market growth which was dominated by the Rp600 million to Rp23 billion price segment. The CitraLand BSB City Development started in 2013 on 1,00... [read more]