PT MRT Jakarta (Perseroda) officially partnered with PT Bumi Serpong Damai Tbk (BSD), a subsidiary of Sinar Mas Land, to begin a preliminary study to expand MRT route from Lebak Bulus to Serpong with the Memorandum of Understanding signed in MRT Lebak Bulus Station, South Jakarta on Thursday (24th J... [read more]

Bank Indonesia (BI) unveiled four policies to support public’s purchasing power and to boost national economic growth. The first is the lowering of 12 months maturity Bank Indonesia Rupiah Security Interest Rate (SRBI) from 6,74% to 5.57%. Second, is the reduction of SRBI volume to increase liquidit... [read more]

The government has approved the extension of the Government Borne Value Added Tax (PPN DTP) incentive for the property sector until the end of 2025. With this extension, the PPN DTP for the 31st June-31st December 2025 increases to 100% from the previously 50%. This incentive is applicable to houses... [read more]

Through its subsidiary, PT Saka Industrial Arjaya (SIA), Astra Property has signed a conditional agreement to acquire a majority stake in PT Mega Manunggal Property Tbk (MMP). Based on the Conditional Share Transaction Agreement, SIA will acquire approximately 83.67% of MMP’s shares. This expansion... [read more]

The Ministry of Public Works expedites the construction of Patimban Access Toll Road to connect the Trans Java Toll Road with the Patimban International Port in West Java. The toll road which spans the total of 37.05 kilometers will directly be connected with the Cikopo-Palimanan (Cipali) Toll Lane.... [read more]