PT Yiho Jakarta Real Estate Development, a subsidiary of New Yi-Ho Holding Group Co. Ltd., Hong Kong, is eager to expand to Indonesian property industry. It will develop a new residential cluster named Sentosa Park in Cikupa, Banten, residing on 2,600 hectares of the total land area. Yiho Jakarta pl... [read more]

The Tax Directorate General of the Ministry of Finance decided to increase the installment rebate for the corporate income tax of PPh 25 from 30% to 50%, applied to all tax subjects of 1,013 business sectors, particularly those corporations who receive ease trading of imports and exports as well as... [read more]

PT Island Concepts Indonesia Tbk. (ICON) recorded a 24% decrease in its net profit to Rp64.61 billion in the first semester of 2020 as compared to the same period last year. ICON has adopted a wait-and-see policy to launch new projects. One of the projects to be completed this year includes the Beac... [read more]

Ciputra Group through PT Ciputra Residence continues with the development of Citra Sentul Raya Estate amidst the Covid-19 pandemic and recorded Rp350 billion in sales. The 1,000 hectare project in the southern of Jakarta adopts the concept of an integrated city surrounded by city-scale facilities an... [read more]

PT Bekasi Fajar Industrial Estate Tbk. (Befa) is optimistic to sell approximately 10-15 hectares of industrial land in 2020. Befa projects its performance to be moderate in 2020 and it revises the sales target with the average prices of Rp2.6 million-Rp3.2 million per square meter. In 2019, Befa rec... [read more]