PT Ciputra Development Tbk (CTRA) expects its property sales in the second semester to improve after the sales in May recorded a 30% decline. In the first quarter of 2020, CTRA recorded its profit declining by 37.3% from Rp283.1 billion to Rp177.51 billion in the end of March. [read more]

PT Batam Sentralindo (PT BS), the developer of Westpoint Maritime Industrial Park (WIMP) industrial estate supports the government of Indonesia and the provincial government of Riau Island to make Batam as the main investment site for oil and gas sector. Sinopec Group has leased 75 hectares area in... [read more]

The Self-Regulatory Organization (SRO) in coordination with the Indonesia’s Financial Authority (OJK) released stimulus for the capital market stakeholders to maintain market optimism amidst the Covid-19 pandemic. The Indonesia Stock Exchange (BEI) provides 50% cut as stimulus for Initial Public Off... [read more]

The investment realization is projected to experience a steep decline from the initial target of the Coordinating Investment Board (BKPM) in 2020 from Rp886 trillion to Rp855 trillion given the assumption the Covid-19 pandemic ending in May 2020. As the pandemic continues, BKPM reviews its estimatio... [read more]

Property developers require tax incentives to continue their businesses amidst the Covid-19 pandemic. On the other hand, banks are urged to increase debt restructuring for developers who experience issues with their working capital. Furthermore, the reduction of property taxes (PBB) and the transfer... [read more]