Several developers are optimistic that the effectiveness of the added tax value borne by the government (PPN DTP) incentive, which was also extended to houses priced up to Rp5 billion, will be better than the incentive during the pandemic. The developers are currently eagerly waiting for further det... [read more]

The Deposit Insurance Agency ensures that the Deposit Insurance Interest Rate (TBP) will remain the same until 2024 despite the increase in the Central Bank of Indonesia key interest rate by 25 basis points (bps) to 6%, by considering the economic condition. Currently, the TBP of private banks, fore... [read more]

Domestic tourists are expected to make fewer trips to local destinations this year than the government’s target of 1.2 billion to 1.4 billion trips. The Central Bureau of Statistics (BPS) recorded only 626 million domestic tourist trips as of September, jumped 12.81% from the same period last year b... [read more]

The construction of the longest toll road in Indonesia, the Gedebage-Tasikmalaya-Cilacap Toll Road (Getaci), will start in the second quarter of 2024. Based on the Toll Road Management Agency’s (BPJT) homepage, currently, the bidding project’s process is in the pre-qualification announcement as the... [read more]

PT MRT Jakarta (Perseroda) signed three Memoranda Of Understandings (MOU) on the development of the Transit Oriented Development (TOD) projects in Jakarta on Wednesday (8 November). The first MOU is with Transit Oriented Development (TOD), the second with PT Melawai Jaya Realty and lastly, with BPJS... [read more]