Corporate Income Tax (PPh) may be cut from 25% to 20% in 2021, as drafted in the Tax Omnibus Law Academic Script. There are two alternative tax cuts, in phases or directly. The 20% tax rate is estimated to reduce tax revenue by 17% and thus resulting in corporate tax shortfall compensated by behavio... [read more]

To develop its new theater network, PT Agung Sedayu Retail Indonesia (ASRI) project to complete two new shopping centers in 2021. The projects comprise Menara Jakarta in Kemayoran and Fatmawati which both currently are under construction. In addition, District 8 in SCBD Area will soon be completed w... [read more]

The Ministry of Transportation and the Government of Tangerang City have agreed to offer the Mass Rapid Transit (MRT) of Lebak Bulus, South Jakarta-Rawa Buntu, South Tangerang route worth Rp20 trillion to private entities. The 20-kilometer route is the extension of MRT Jakarta Phase I route Bunderan... [read more]

PT PP Properti Tbk (PPRO) to focus on residential landed houses and apartments as its main business. On the other hand, PPRO will be prudent in developing office projects through the cooperation with other partners. In 2020, PPRO plans to acquire 20 to 40 hectares of land area in Java and it is curr... [read more]

PT Mega Agung Sembada (Mas Group) joins hands with a Japanese developer, Fujiken, to develop the Seion Landed House project in Serang, Banten. The project resides on a 8-hectare of land area and it will comprise Maru Cluster and Mizu Cluster, adopting the concept of Modern Japan. The project will co... [read more]