The government is determined to complete the construction of Mandalika circuit infrastructure in Central Lombok Regency, West Nusa Tenggara in July 2021. Once the physical construction is completed according to the international standard set by Dorna Sport, Indonesia will automatically hold the 2021... [read more]

The Indonesian Employers’ Association (Apindo) is confident that the industrial and warehouse estate performance will continue to grow this year given the implementation of the Omnibus Job Creation Law and the Covid-19 vaccination. Last year, the warehouse segment was recorded at 20% to 30% growth d... [read more]

The Central Bank of Indonesia recorded Indonesia’s foreign exchange reserve at US$137.1 billion in March 2021 or declining from US$138.8 billion in February 2021. The decline was due to the foreign debt payment. The foreign exchange reserves were sufficient to finance 10.1 months of imports and 9.7... [read more]

Given the VAT incentive for housing units priced below Rp2 billion and the VAT reduction for houses priced between Rp2 billion to Rp5 billion, PT Ciputra Development Tbk. (CTRA) has achieved Rp1.1 trillion in sales revenues as of February 2021. CTRA aims to achieve 7% sales growth in 2021. [read more]

To accelerate the economy growth in the second quarter of 2021, the government prepares two new incentives. The first one is the luxury tax discount (PPnBM) for cars within the range of 1,500 cc and 2,500 cc capacities. The second one is the Rp400 billion credit incentive for micro, small and medium... [read more]