PT MRT Jakarta delays the operation schedule of Jakarta Mass Rapid Transit (MRT) Phase 2A Segment 2 Harmoni-Kota to August 2027 due to auction issues of three project construction packages comprising CP 202 package for the construction of Harmoni-Mangga Besar, CP 205 for the train and rail system fa... [read more]

The Indonesian government projects the economy in the third quarter of 2020 to contract between -2.9% and -1%. If it continues the trend from the previous quarter of minus 5.32%, Indonesia’s economy will be stated in a recession. However, the Ministry of Finance Sri Mulyani Indrawati claims that Ind... [read more]

Marchand Hype Station project from PT Cipta Harmoni Lestari (CHL) in South Tangerang, Banten is aimed to be fully operational in April 2021. The commercial area adopts a modern concept to cater the millennial as its main target, comprising 266 building units with the total building area reaching 3,5... [read more]

PT Alamindo Trulynusa (ALSA) releases new clusters named Casa Familia in Panjibuwono Residence and Srikandi Cluster in Darmawangsa Residence in Bekasi. The new units in these clusters are of two-story houses with various types, aiming at millennials and young families with unit prices in the Rp600 m... [read more]

The Job Creation Omnibus Law requires industrial estate management companies to acquire 50% of the total project land area proposed as a Special Economic Zone (KEK). This regulation provides assurance for investor to increase investment. The Law also includes several tax incentives including reducti... [read more]