PT Jasa Marga Tbk (JSMR) through its subsidiary, PT Jasamarga Gedebage Cilacap (JGC), who manage the Gedebage-Cilacap Toll Road, is currently in the land inventory stage for the development of the said toll project. This progress is the follow up after the location determination by the West Java Pro... [read more]

Indonesia’s competitive rank declined to 44th from 37th last year, the lowest in the last five years, based on the report from the Institute for Management Development (IMD) World Competitiveness Yearbook 2022. In addition, for the business efficiency category, Indonesia ranked at 31st, declining fr... [read more]

The Central Bank of Indonesia (BI) has decided to keep the BI 7-Days Reverse Repo Rate (BI7DRR) at 3.5% or the lowest level, in the June 2022 BI Board of Governor Meeting. In addition to the key interest rate, BI also decided to keep the deposit facility rate at 2.75% and the lending facility at 4.2... [read more]

The DKI Jakarta Provincial Government has exempted the Rural and Urban Land and Building Tax (PBB-P2) with a tax object selling value (NJOP) below IDR 2 billion. This is stated in the Governor's Regulation (Pergub) Number 23 of 2022 concerning Policy on Determination and Payment of PBB-P2 as an effo... [read more]

MM Galleri Group, the authorized distributor of Lapitec in Indonesia, is opening two exclusive showrooms in Jakarta this year as the company aims to boost its sales service. Located in Pantai Indah Kapuk and Alam Sutera, the new outlets added to the company's showroom network already operational in... [read more]