The Ministry of Public Work and Housing (PUPR) through the Regional Infrastructure Development Agency (BPIW) will prioritize 230 special economic zones in Indonesia as part of the 2021 RPJMN.  Some of the prioritized economic zones in Sumatra, include the Special Economic Zone (KEK) of Arun Lhokseum... [read more]

The Central Bureau of Statistics (BPS) recorded the trade balance with a surplus of US$1 billion. Specifically, the February 2021 export was recorded at US$15.27 billion. Cumulatively, from January 2021 to February 2021 the surplus was recorded at US$3.96 billion. The surplus was higher than in Janu... [read more]

PT Pakuwon Jati Tbk. (PWON) has started the construction of Pakuwon Bekasi Superblock, Bekasi in 2021. Bekasi is chosen as the development of several infrastructure drives its rapid growth. The development of Pakuwon Bekasi Superblock will include Pakuwon Residence Bekasi, comprising a total of 2,99... [read more]

PT AKR Corporindo Tbk. (AKRA) is confident to sell 14 hectares of its industrial land area within the Java Integrated Industrial & Port Estate (JIIPE) Gresik, East Java before the end of the first quarter of 2021. This year, AKRA aims to sell 30 hectares to 35 hectares of land area in JIIPE Gresik.... [read more]

The Indonesian Real Estate Association (REI) reported an increase in sales by one and a half and even double due to the added value tax (PPN) incentive. The government removes the VAT/PPN for landed houses and apartment units as regulated by the Ministry of Finance (PMK) NO. 21/2021. REI also estima... [read more]