NEWS

PT Grahawita Santika will expand by developing Santika Bukit Tinggi Hotel and Santika Batam Hotel this year with investment value for each room at approximately Rp350 million, subject to the start rate. Currently, Santika Indonesia Hotels & Resorts manages 114 hotels in 40 cities in Indonesia with s... [read more]

PT Serba Dinamik Indonesia (SDI), a subsidiary of Serba Dinamik Holdings Berhard, acquired a property worth Rp20 billion from PT Surya Cipta Banten (SCB) and it plans to renovate and lease the property to Conclave. SCB sold the property in Kebayoran Baru, Jakarta to gain working capital for its infr... [read more]

This year, PT Sanurhasta Mitra Tbk focuses on developing its leisure business and projects its revenue from room sales reaching Rp10 billion. The performance of its resort has been growing since 2017 with occupancy rate growing from 55.28% to 58.22% and projected to reach 64.6% this year. Until the... [read more]

The construction of the ultra-luxury 62-story residential in Jakarta named The Residence at St. Regis by Rajawali Property Group has reached the final phase and it is planned for completion in 2021. The apartment project in the megacomplex of The St. Regis Jakarta Hotel and Rajawali Place office tow... [read more]

The Directorate General of Customs and Excise of the Ministry of Finance lowers the minimum threshold of import duty from previously US75 or Rp1,050,000 to US$3 or Rp45,000. The new policy has been decreed by the Finance Ministry Regulation No. PMK 199/PMK.04/2019, effective since January the 30th 2... [read more]