The Finance Minister Sri Mulyani Indrawati restated that the Value Added Tax increase as regulated in the Tax Regulation Harmonization Law (UU HPP) will be implemented starting from January 2025. The government will provide direct explanation to the public regarding the background and the benefit of... [read more]

Santika Indonesia Hotels and Resorts has entered a partnership with the Janto Group to establish a new Kampi Hotel in Gandaria, Jakarta with the approximate investment value of Rp250 billion. The hotel is planned to be set up in two years or by the beginning of the second quarter of 2027. The new ho... [read more]

PT Summarecon Agung Tbk is aiming Rp100 billion worth of transactions from the first phase of Vanica Residence in the Summarecon Crown Gading (SCG), Bekasi, West Java. By the end of December 2024, the total of 38 units are expected to be sold at prices starting from Rp1.9 billion to Rp3.7 billion pe... [read more]

The Semarang-Demak Toll Road Section 1 Kaligawe-Sayung which spans the total of 10.64 kilometers is planned to be functional in early 2027. This lane will connect Section 2 Sayung-Demak which spans the total of 16.31 kilometers on land and has been operational since 25 February 2023. The constructio... [read more]

The Bank of Indonesia (BI) Consumer Survey in October 2024 indicated that consumer confidence in the economic conditions remains at an optimistic level. This is reflected in the Consumer Confidence Index (CCI) for October 2024, which recorded a value of 121.1. This condition was supported by the Eco... [read more]