The Indonesian government projects the economy in the third quarter of 2020 to contract between -2.9% and -1%. If it continues the trend from the previous quarter of minus 5.32%, Indonesia’s economy will be stated in a recession. However, the Ministry of Finance Sri Mulyani Indrawati claims that Ind... [read more]

PT MRT Jakarta delays the operation schedule of Jakarta Mass Rapid Transit (MRT) Phase 2A Segment 2 Harmoni-Kota to August 2027 due to auction issues of three project construction packages comprising CP 202 package for the construction of Harmoni-Mangga Besar, CP 205 for the train and rail system fa... [read more]

Easton Urban Kapital launches new product in Bumi Serpong Damai (BSD), South Tangerang City, Banten Province after Providence House in Bintaro has been sold out. Currently, it is preparing for the infrastructure and it will start the construction in early 2021 with the hand over period in mid-2022.... [read more]

The Toll Road Management Agency (BPJT) aims to inaugurate and operate five new toll lanes of 81.97 kilometers in length before the end of 2020. With the operation of the five new lanes, the total length operating in the period of 2015-2020 has been 1,589.97 kilometers. Furthermore, BPJT also aims to... [read more]

The Job Creation Omnibus Law requires industrial estate management companies to acquire 50% of the total project land area proposed as a Special Economic Zone (KEK). This regulation provides assurance for investor to increase investment. The Law also includes several tax incentives including reducti... [read more]