PT PP Properti Tbk recorded marketing sales growth until February at Rp290 billion, 26.67% higher than in the same period last year of Rp229 billion. During 2020, its subsidiaries still focus on achieving Rp3.8 trillion of marketing sales. From revenue and net profit side, PPRO aims to achieve Rp31... [read more]

The operation of Manado-Bitung Section I Toll Road and Pakanbaru-Dumai Toll Road which are planned in May and June may be potentially delayed until the novel Corona Virus (Covid-19) lessen, as the Toll Road Management Office (BPJT) has recommended. The Manado-Bitung Toll Road total length is 39 km a... [read more]

Indonesia’s banking industry is more robust than in the previous crisis as the Capital Adequacy Ratio/CAR is recorded at 23% and default loan in normal threshold. Moreover, the government has provided additional funding of Rp150 trillion in the 2020 State Budget as a cushion for the financial indust... [read more]

Due to Covid-19 pandemic, foreign tourist visits, which usually increase in January-February period was significantly declining and is estimated to further decline in March 2020. The Central Bureau of Statistics (BPS) reported that the number of foreign tourist visits in February was at 885,100 visi... [read more]

At least nine hotels in Batam, Riau Islands, are suspending operations at the end of March amid the lack of visitors following lockdowns imposed in major tourism markets, such as Singapore and Malaysia. According to the Statistic Bureau of Statistics (BPS), the occupancy of star-rated hotels in Indo... [read more]