The Central Bureau of Statistics (BPS) recorded May 2020 inflation rate at 0.07%, the lowest since the Eid al Ftr in 1978. Inflation during Eid al Ftr is usually high as demand increases. Last year’s inflation was recorded at 0.55% significantly higher than in 2020. [read more]

The prospects of property business in the wake of new normal are expected to gradually recover even though not totally and requiring more time for the business to regrow. Amidst the uncertain market, CTRA adopts a conservative approach and has not decided its plans including the launch of its new pr... [read more]

The National Strategic Projects Meeting headed by President Joko Widodo (Jokowi) has decided to continue most of the projects. Furthermore, the Jakarta-Bandung High Speed Train project extension to Surabaya has been approved which will greatly increase employment rate. The Jakarta-Bandung High Speed... [read more]

To ease pressure on the property companies, the Indonesian Real Estate (REI) is requesting for the government to provide further incentives in the form of tax relaxation, including the deletion of PPh 21 (tax revenue), the reduction of corporate income tax (PPh Badan), the reduction of final PPh fro... [read more]

The Land Transportation Directorate General of the Transportation Ministry (Kemenhub) is preparing the road operational procedure scheme for the new normal phase amidst Covid-19 Pandemic which includes bike ride sharing services (Ojol). The new normal will start on 1 June 2020 and is conducted in fi... [read more]