The Ministry of Public Work and Public Housing (PUPR) continues the infrastructure construction of the Prioritized National Tourism Strategic Area (KSPN) which includes Toba Lake, Borobudur, Mandalika, Labuan Bajo and Manado-Likupang, because the government is confident that tourism is one of the ma... [read more]

Following the plans for shopping centers or malls to operate starting 5 July 2020 in DKI Jakarta and the preparation for the new normal, the shares of property companies who own malls have improved, including PT Summarecon Agung Tbk (SMRA) with 4,31% growth to Rp436, PT Plaza Indonesia Realty Tbk (P... [read more]

The government strictly handled the plan to ease the social distancing policy (PSBB) by issuing the Ministry of Health Decree (KMK) No. HK.01.07/MENKES/328/2020 regarding the Guidelines to Prevent and Restrict Covid-19 in Office and Industry in Supporting Business Sustainability Amidst Pandemic. The... [read more]

PT Capri Nusa Satu Properti Tbk cut its office lease prices up to 10% from the normal prices to attract new potential lease. Currently, the lease occupancy rate remains at 100% for Multi Piranti Graha office tower. The office tower portfolio of Capri Nusa comprising JW Smart Office Tower & Conventio... [read more]

The World Trade Organization reported the global trade barometer in March 2020 at 87.6, declining from 96.3 in March 2019, the lowest since the barometer launched in July 2016. Meanwhile, the Central Bureau of Statistics reported that Indonesia’s export in March 2020 declined by 0.2% annually to US$... [read more]