The government ensures that the Value-Added Tax (VAT) rate will be increased to 12% in 2025. Currently, the government is preparing the Government Work Plan (RKP) for the 2025 Budget. This preparation will also include the programs or work plans from the new elected government. Previously, the gover... [read more]

PT Summarecon Agung Tbk (SMRA) recorded a net profit of Rp765 billion in 2023 or increased by 22.4% compared to the net profit in 2022 of Rp625 billion. This increase was in line with the revenue recorded in 2023 of Rp6.65 trillion or increased by 16.4% from 2022 to Rp5.71 trillion.  [read more]

Citra Swarna Group, through PT Bumi Arta Sedayu, acquired an office building strategically located in East Jakarta at a value reaching Rp100 billion. The building is located near the Velodrome, a shopping center and a lively culinary spot in East Jakarta. In addition to the potential of becoming the... [read more]

The Bank of Indonesia (BI) reported that Indonesia's foreign exchange reserves at the end of February 2024 was at US$ 144.0 billion. This reserve is lower than in the end of January 2024, which was at US$145.1 billion. The reserve decline was due to foreign debt payments by the government.   [read more]

PT Puradelta Lestari Tbk (DMAS), the developer of the integrated modern industrial estate Kota Deltamas, recorded its revenue at Rp1.92 trillion in 2023. Furthermore, its gross profit was recorded at Rp1.33 trillion and net profit at Rp1.21 trillion. The largest contribution came from the industrial... [read more]