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]

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]

PT Bukit Uluwatu Villa Tbk (BUVA) focuses on its on-going projects which comprise The Cliff Hotel in Bali, SCBD Alila and Alila Bintan. Currently, SCBD has been partially operating while the construction of Alila Villas in Bintan Island’s progress has reached 65%. It will comprise 64 units of villas... [read more]

PT Adhi Commuter Properti (ACP) is optimistic this year and it plans to launch several new projects in the Greater Jakarta area of Depok, Tangerang and Bogor areas. For this plan, ACP will acquire an additional of 30 to 35 hectares of land bank. -Bisnis.com [read more]

PT Mega Agung Sembada (Mas Group) joins hands with a Japanese developer, Fujiken, to develop the Seion Landed House project in Serang, Banten. The project resides on a 8-hectare of land area and it will comprise Maru Cluster and Mizu Cluster, adopting the concept of Modern Japan. The project will co... [read more]