PT PP (Persero) Tbk, the main contractor of Pollux Technopolis, Karawang, West Java, estimates the first phase construction of Pollux Technopolis to be completed within two to three years. The first phase comprises two apartment towers out of the total of 26 towers. The Rp3.5-trillion investment pro... [read more]

PT Indostar Perdana (Indostar) has expanded into the apartment market in Bandung by developing the Allegria Apartment project. The Rp200-billion investment project will start construction by the end of February 2020. Beside a better access of Jakarta-Bandung after the completion of Elevated Japek To... [read more]

PT Puradelta Lestari Tbk. (DMAS) achieved Rp2.97 trillion in marketing sales from the sales of 120 hectares of industrial land in 2019, higher than the targeted Rp1.25 trillion. In 2020, DMAS aims to sell 170 hectares of industrial land area and the sales growth of 41.66%. [read more]

Corporate Income Tax (PPh) may be cut from 25% to 20% in 2021, as drafted in the Tax Omnibus Law Academic Script. There are two alternative tax cuts, in phases or directly. The 20% tax rate is estimated to reduce tax revenue by 17% and thus resulting in corporate tax shortfall compensated by behavio... [read more]

To develop its new theater network, PT Agung Sedayu Retail Indonesia (ASRI) project to complete two new shopping centers in 2021. The projects comprise Menara Jakarta in Kemayoran and Fatmawati which both currently are under construction. In addition, District 8 in SCBD Area will soon be completed w... [read more]