The Tax Directorate General of the Ministry of Finance decided to postpone the launch of the Core Tax System, an advanced tax system, to 1st of July 2024 as the coming year Indonesia will hold its presidential election. The new tax system has been mandated by the Presidential Regulation (Perpres) Nu... [read more]

The Bank of Indonesia (BI) recorded the third quarter of 2023 National Payment Balance (NPI) with a US$1.5 billion deficit, less than the deficit in the previous quarter when it was recorded at US$7.4 billion. This improvement was supported by the improvement of the current transaction balance and t... [read more]

Several developers are optimistic that the effectiveness of the added tax value borne by the government (PPN DTP) incentive, which was also extended to houses priced up to Rp5 billion, will be better than the incentive during the pandemic. The developers are currently eagerly waiting for further det... [read more]

PT Adhi Karya Tbk (ADHI), is confident that the property business will continue to grow and develop in the future. Through one of its subsidiaries, PT Adhi Commuter Properti Tbk (ADCP), the company is constructing several Transit Oriented Development (TOD) in Ciracas, Cibubur, Tebet, Bogor, Bekasi a... [read more]

The Residential Property Price Survey (SHPR) result from the Bank of Indonesia indicates that the annual price of residential property in the primary market increased in the third quarter of 2023 at 1.96% (yoy) annually, higher than the growth recorded in the previous quarter of 1.92% (yoy). The sur... [read more]