PT Intiland Development Tbk. (Intiland) starts the handover of the 170-unit Rosebay residence in stages, in line with the construction completion within the Graha Famili Residential project in Surabaya. The handover of several types residential units has reached 60% spread out within several blocks... [read more]

The government plans to establish an Investment Management Institution (LPI) or Sovereign Wealth Fund (SWF) as included in the Cipta Kerja Ombibus Law Regulation (RUU) to attract investments in Indonesia. For its independency, there will be supervisory and director boards, comprising five members fr... [read more]

The Transportation Minister Budi Karya Sumadi aims to operate the first phase Patimban Port in November or December 2020. In this phase, the port will operate with the capacity of 250,000 teus and 25 hectares of vehicle terminal for the export of 218,000 vehicles from the total of 7 million teus cap... [read more]

The Minister of Finance Sri Mulyani Indrawati reports that tax revenue as of August declined by 15.6% annually. The total new tax revenue reached Rp676.9 trillion or 56.5% from the targeted Rp1,198.8 trillion in the Presidential Regulation 72 year 2020. [read more]

The government is studying several incentive packages for the property sector amidst the Covid-19 pandemic to maintain the mortgage loan stability by banks. The incentives will include in the National Economic Recovery Program(PEN), comprising the provision of the property transfer tax (BPHTB) for t... [read more]