PT MRT Jakarta (Perseroda) will prioritize the construction of MRT Jakarta phase 2A worth Rp22.5 trillion in 2021 to complete the completion target of Phase 2A Segment 1 (Bundaran HI-Harmoni) in March 2025 and Phase 2A Segment 2 (Harmoni-Kota) in August 2027. This project is also to support national... [read more]

The Finance Minister Sri Mulyani Indrawati reported that the realized value added tax (VAT) revenue on digital products traded via electronic systems reached Rp616 billion as of 23 December 2020. Furthermore, the total tax revenue was recorded at Rp1,019.56 trillion or 85.65% from the targeted Rp1,1... [read more]

The Finance Minister Sri Mulyani Indrawati stated that the state income as of November 2020 was recorded at Rp1,423 trillion or 15.1% year on year lower than in November 2019 when it was recorded at Rp1,676 trillion. This decline was due to Covid-19 pandemic which significantly hit commodities and e... [read more]

PT Symbiotik Multitalenta Indonesia (SMI) plans to break ground the NET 89 Tower office building project in mid 2021. To develop the Rp450 billion project, SMI will cooperate with PTI Architects. The project resides on a total land area of 8,000 square meters in the BSD City Business Center area, Ta... [read more]

Economic recovery prospect drives optimism among the property companies. PT Lippo Karawaci Tbk. (LPKR) plans to allocate approximately Rp4 trillion capital in 2021, higher than Rp2 trillion allocated in 2020. PT Ciputra Development Tbk. (CTRA) plans to allocate approximately Rp1 trillion, while PT P... [read more]