Indonesian Payment Balance (NPI) for the second quarter of 2020 is predicted to be better than in the first quarter when deficit was recorded at US$8.54 billion, in line with the growth of foreign exchange reserve (cadev) as of May 2020. The reserve in May 2020 grew US2.62 billion to US$130.5 billio... [read more]

The Coordinating Minister of Economic Affairs, Airlangga Hartarto, estimates Indonesia’s economy in the second quarter of 2020 to contract due to the Covid-19 crisis. However, the government aims to achieve 0.5%-3% growth by the end of 2020 and 2.97% in the first quarter. Moreover, the International... [read more]

The sales of several projects from PT Agung Podomoro Land Tbk (APLN) in suburban areas were growing since the Covid-19 pandemic, in line with the growing interest of consumers for natural green concepts. APLN recorded the total of Rp120 billion in marketing sales last May. Currently, APLN is develop... [read more]

In addition to the tourism sector, the Meeting, Incentive Travel, Conference & Exhibition (MICE) is also hit hard by the Covid-19 pandemic. The Indonesia Event Industry Council (Ivendo) of the Ministry of Tourism and Creative Economy (Kemenparekraft) reports the potential loss from MICE sector may r... [read more]

PT PP Properti Tbk recorded its revenue during January-March 2020 period declined by 16.53% year on year (YoY) to R357.91 billion and net profit declined to Rp26.39 billion. The subsidiary of PT Pembangunan Perumahan (Persero) Tbk plans to evaluate its performance target for 2020 from Rp3.1 trillion... [read more]