The Ministry of Finance will extend the tax holiday incentive for pioneering industries until December 2025. The incentive is regulated in the Regulation of the Ministry of Finance (PMK) Number 69 Year 2024 Regarding the Tax Deduction on Entity Revenue. The value of the tax holiday in 2024 is estima... [read more]

The Ministry of Public Works (PU) will auction the construction of the Gedebage-Tasikmalaya-Cilacap Toll Road (Getaci Toll) in phases in early 2025. Currently, the first phase of the toll lane auction is the Gedebage-Tasikmalaya lane. The Getaci Toll Road comprises four sections, namely Section 1 Ju... [read more]

PT Pakuwon Jati (PWON) recorded a net profit of Rp 1.96 trillion in the first nine months of 2024, increasing by 14.7% from the same period in 2023 of Rp 1.71 trillion. The net profit came from the net profit of Rp 4.79 trillion which is increasing by 4.7% from the same period last period of Rp 4.57... [read more]

PT Summarecon Agung Tbk launches its ninth large-scale township housing project, Summarecon Tangerang, in Tangerang Regency, Banten. A total of Rp 200 billion will be invested for the first phase of the development, excluding the total of Rp 1.5 trillion investment allocated for land acquisition. In... [read more]

President Prabowo Subianto prepares a number of stimulus for the property sector, comprising the exemption of 11% Value Added Tax (PPN), 5% Land and Building Right Transfer Duty (BPHTB), and the program of 3 million livable houses. The government plans to implement the 16% exemption of PPN and BPHTB... [read more]