The Head of the Fiscal Policy Agency (BKF) at the Ministry of Finance, Febrio Kacaribu, revealed that the Government Borne Value Added Tax (PPN) incentive has stimulated 2023 economic growth and contributed 0.1% to the Gross Domestic Product (PDB). The government will continue the incentive by taper... [read more]

OXO Group Indonesia sold 40 villas in Bali in a single day. The villas, named OXO The Residences, reside on a total land area of 2 hectares and are offered at prices between Rp 8-16 billion per unit for units with floor areas ranging from 193 square meters to 293 square meters and land area starting... [read more]

The Minister of Transportation, Budi Karya Sumadi, stated that Bali will soon have its own Light Rail Transit (LRT). The project is aimed to start groundbreaking in September 2024. The project which is a grant from South Korea has completed the first phase feasibility study with the funding will als... [read more]

The Nusantara Capital City Authority (OIKN) reported new investment commitments came from nine foreign and domestic companies with the investment value reaching Rp45 trillion. These investments were under the Public Private Partnership (KPBU) scheme. As of April 2024, the cumulative investment in IK... [read more]

PT Nusa Mandiri Properti (NMP) acquired Plaza Atrium Senen from PT Plaza Adika Lestari, under the Cowel Development Group on 1st September 2022. After the acquisition, NMP rebranded Plaza Atrium Senen to Millennium Mall and transformed it into a shopping center by adopting the concept of lifestyle m... [read more]