The Governor of the Central Bank of Indonesia Perry Warjiyo stated that the current exchange rate of Rupiah cannot be observed partially and must be observed as a whole. Compared to its condition in the end of 2023, Rupiah’s current condition is better than Korea, the Philippines, Thailand and Japan... [read more]

PT Adhi Commuter Properti Tbk (ADCO) reported that the construction progress of LRT City Cibubur of bore pile construction for the foundation of LRT City Cibubur Tower, as of June 2024, has reached 100%. The project will be continued with the construction of basement structure. The topping off of th... [read more]

PT Summarecon Agung Tbk (SMRA) allocates Rp 1 Trillion this year to acquire land banks. Currently, SMRA has acquired a total of 2,000 hectares of landbank. As of the first quarter of this year, SMRA has realized 40% of its total capital expenditure for 2024. SMRA has also inaugurated the constructio... [read more]

The Directorate General of Taxes (DGT) of the Ministry of Finance reported that the Core Tax Administration System Renewal (PSIAP) will be completed by the end of 2024. The completion was delayed from the initial schedule, on 1st July 2024. Currently the system is under the System Integration Test (... [read more]

Several domestic private investors have committed to invest in developing several residentials and malls in Nusantara Capital City, East Kalimantan. PT Agung Podomoro Land (APLN) has signed a cooperation agreement with the Authority Business Agency (BUO) PT Bina Karya (Persero) for the Development o... [read more]