Sinar Mas Land (SML) through PT Bumi Serpong Damai Tbk (BSDE) will develop projects on a total land area of 1,850 hectares in West Java after the acquisition of PT Suryamas Dutamakmur Tbk (SMDM) concluded on 23rd October 2024. With this acquisition, SMDM development will expand to the Greater Jakart... [read more]

The Jakarta Provincial Government and PT Kereta Api Indonesia (Persero) have signed the cooperation agreement in regards to the utilization of land owned by PT Kereta Api Indonesia (Persero) in Jakarta Kota Station by Jakarta Provincial Government in relation to phase 2A of MRT development, specific... [read more]

Bank Indonesia (BI) has maintained the benchmark interest rate (BI Rate) at 6%, the Deposit Facility rate at 5.25% and the Lending Facility rate at 6.75% in the Bank Indonesia Governors' Meeting (RDG) on 17th-18th December 2024. This decision aligns with the monetary policy direction to ensure infla... [read more]

According to a report from the Statistics Indonesia (BPS), Indonesia's trade balance recorded a surplus of US$4.42 billion in November 2024. This surplus continues the growing trend to 55 consecutive months since May 2020. [read more]

The Coordinating Ministry for Economic Affairs has officially announced the continuation of the Government Borne Value Added Tax (PPN DTP) for property ownership until next year. The incentive is included in the economic policies stimulus package provided in line with the Value Added Tax increase to... [read more]