NEWS

The Ministry of Public Works and People's Housing (PUPR) reports that the Cimanggis-Cibitung Toll Road section, a part of the Jakarta Outer Ring Road (JORR) 2 toll road network, is targeted to be completed by April 2024. With the completion of this section, the JORR 2 Toll Road will be fully connect... [read more]

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]