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]

PT Sinar Graha Agung plans to develop residential after previously acquired two landbanks in Cikeas, Bogor of 15 hectares and in Cikembang, Sukabumi of 4.8 hectares. On this two landbanks, the company plans to launch housing products. For landbank in Cikeas, it will aim the middle upper segment with... [read more]

The Central Bureau of Statistics (BPS) reported that foreign visits dropped 87.44% year on year (YoY) in April, the lowest record as Covid-19 pandemic hits air travel hard. In April, foreign tourist visits reached 160,000, unseen in history as countries around the world imposed different degrees of... [read more]

PT Adhi Karya (Persero) Tbk states that the progress of the First Phase of Greater Jakarta LRT Project, as of 22 May 2020, has reached 71.2%. The detail of the progress including service line 1 of Cawang-Cibubur at 85.7%, service line 2 of Cawang-Kuningan-Dukuh Atas at 65.9% and service line 3 of Ca... [read more]