Indonesia’s tax system is entering a new era. The Tax Directorate General Information System (SIDJP) will be replaced with the Core Tax Administration System (CTAS) or Sistem Inti Administrasi Perpajakan (SIAP). Currently, SIAP system is under the trial phase. The system is expected to make the taxa... [read more]

The Central Bureau of Statistics recorded the number of foreign tourist visits to Indonesia in May 2024 with 7.36% increase, reaching 1.14 million visits and increased by 20,11% from the same month in the previous year. Cumulatively, the total foreign tourist visits in the first five months of 2024... [read more]

The headline inflation rate, or annual consumer price index (CPI) growth, dropped to 2.51% in June, according to Statistics Indonesia (BPS), which marks a further drop from 2.84% logged in the preceding month. Headline inflation has been declining since March but it has remained within BI’s target r... [read more]

PT Dana Tabungan dan Asuransi Pegawai Negeri (Persero) or PT Taspen, through its business line, Taspen Properti, has signed a cooperation with a Japanese company, Mitsubishi Estate Co. Ltd. to continue the development of Oasis Central Sudirman with the transaction value of Rp10.6 trillion. The proje... [read more]

PT Hutama Karya (Persero) (HK) through its business entity, PT Hutama Karya Infrastructure (HKI) ensures that the Binjai - Bangkalan Brandan Toll Road, a section of the Trans Sumatra Toll Road will soon be fully connected and that the progress has reached 92.05%. The total length of the project is 5... [read more]