In the Presidential Regulation (Perpres) Draft on Capital Investment Business Sector, a derivative of UU 11/2020 of Work Creating, the government will limit certain business sectors with specific requirements into 48 sectors. The business sectors with specific requirement are the sectors that can be... [read more]

Omega Hotel Management (OHM) provides hotel consultation services to aid enterprises in facing the pandemic. OHM is officially appointed as the consultant of a four-star hotel, The Royale Krakatau Cilegon owned by PT Krakatau Industrial Estate Cilegon (KIEC). The Royale Krakatau Cilegon is the large... [read more]

The Ministry of Finance issued a new policy through the Regulation of the Finance Minister 237/PMK.010/2020 regarding Tax Treatment, Duty and Levy in the Special Economy Zone (KEK) to increase capital investment and accelerate business activities in KEK. The 100% tax cut facility of Corporate Tax (P... [read more]

PT Ciputra Development Tbk. (CTRA) recorded Rp5 trillion in marketing sales in 2020 or 18.03% lower than its achievement in 2019 at Rp6.1 trillion. However, the 2020 achievement was 4.5% higher than the target. Meanwhile, PT Summarecon Agung Tbk. (SMRA) recorded Rp3.3 trillion in marketing sales in... [read more]

PT Adhi Commuter Properti (ACP) continued to progress its property development business in parallel with the plan for an IPO in the fourth quarter. ACP also plans to target Rp1.54 trillion in marketing sales and Rp93 billion in the recurring income. Some of the ready projects include LRT City Bekasi... [read more]