Indonesia’s economy in 2021 is estimated to grow within the 4.5% to 5.5% (yoy) range with the average of 5% (yoy). It is the same as the previous estimation after the 2020 economic growth report from the Central Bureau of Statistics (BPS) stated the economy to contract by 2.07% (yoy) in 2020. This f... [read more]

An integrated port for logistics and fishery in Ambon Island is projected to be the largest port in the eastern Indonesia region as well as the center for a new economy. According to the plan, the port will reside on a total land area of approximately 717 hectares with the development cost of Rp2 tr... [read more]

This year, PT Intiland Development Tbk. (Intiland) will focus on marketing its office spaces in Surabaya, East Java. It is targeting end-users as the market demand has shown a positive trend in early 2021. Currently, Intiland’s portfolio includes Intiland Tower and Praxis in the city center and Spaz... [read more]

The government through the Ministry of Agriculture and Spatial Planning or National Land Agency (ATR/BPN) officially ratify the use of electronic land registration certificate as contained in the ATR/Head of BPN Ministry Regulation Number 1 Year 2021 regarding Electronic Certificate. The electronic... [read more]

The government extended the tax incentives for Covid-19 relief to 30th of June 2021. As contained in the Ministry of Finance Regulation Number 9/PMK.03/2021, effective from 1 February 2021, the PMK-86/PMK.03/2020 jo PMK-110/PMK.03/2020 regulates the incentive provision until 31 December 2020. Inform... [read more]