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Bloody Mall, forced to free rent money

Jakarta, CNBC Indonesia - The mall business in DKI Jakarta is truly bloody with the Covid-19 pandemic. All restrictions during pandemic control have made business worse off. Visitors are quiet, making tenants affected, in the end there are problems with rental fees, finally there is a manager who waives temporary rental fees.     Ellen Hidayat, chairman of the Association of Indonesian Shopping Centers for DKI Jakarta, was outspoken about the difficulties of managing a sho...

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Can Foreigners Own Flat in Ciptaker Omnibus Law?

Jakarta - In the Job Creation Omnibus Law, foreigners get several privileges. One of them is being allowed to obtain ownership rights to the flat alias flat.     It is said that foreigners are only given the right to use a single house with a period of 30 years. Then, that right can be extended for 20 years. At the maximum, the right to use can be extended for a second time with a period of 30 years. However, in the draft of the Job Creation Law there is a regulation that...

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UU Cipta Karja Allows the State to Provide Free People's Homes

The DPR passed the omnibus law the Job Creation Bill into Law through a Plenary Meeting, Monday (5/10/2020). The ratification was marked by a hammer strike by the Deputy Speaker of the DPR, Azis Syamsuddin after obtaining approval from all meeting participants. In the land sector, the Government has established a land bank and its entities which are regulated in 10 Articles, namely Articles 125 to 135 of the Job Creation Law.   The Cipta Karja Bill may provide Free Houses  ...

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UU Cipta Karja Allows the State to Provide Free People's Homes

The DPR passed the omnibus law the Job Creation Bill into Law through a Plenary Meeting, Monday (5/10/2020). The ratification was marked by a hammer strike by the Deputy Speaker of the DPR, Azis Syamsuddin after obtaining approval from all meeting participants. In the land sector, the Government has established a land bank and its entities which are regulated in 10 Articles, namely Articles 125 to 135 of the Job Creation Law.   The Cipta Karja Bill may provide Free Houses  ...