The government has approved the extension of the Government Borne Value Added Tax (PPN DTP) incentive for the property sector until the end of 2025. With this extension, the PPN DTP for the 31st June-31st December 2025 increases to 100% from the previously 50%. This incentive is applicable to houses... [read more]

Through its subsidiary, PT Saka Industrial Arjaya (SIA), Astra Property has signed a conditional agreement to acquire a majority stake in PT Mega Manunggal Property Tbk (MMP). Based on the Conditional Share Transaction Agreement, SIA will acquire approximately 83.67% of MMP’s shares. This expansion... [read more]

The Ministry of Public Works expedites the construction of Patimban Access Toll Road to connect the Trans Java Toll Road with the Patimban International Port in West Java. The toll road which spans the total of 37.05 kilometers will directly be connected with the Cikopo-Palimanan (Cipali) Toll Lane.... [read more]

The Minister of Coordinating Minister for Economic Affairs Airlangga Hartarto reported that the import tariff cut from the United States from 32% to 19% can be implemented before the first of August 2025. The tariff implementation will depend on the issued bilateral joint statement. However, the bas... [read more]

The Bank of Indonesia (BI) will launch Payment ID on Indonesia's Independence Day on 17th August. Payment ID is a unique code integrated with the National Identification Number (NIK) and is designed to optimize granular data and is a part of 2030 Indonesia Blueprint Payment System (BSPI). Payment ID... [read more]