Tax revenue is estimated to reach Rp1,254.1 trillion or 76.4% from the targeted Rp1,642.6 trillion, 5.9% contraction from 2019 realization. The tax revenue shortfall in 2020 is projected to reach Rp388.5 trillion due to the impact of Covid-19 to economy performance and the implementation of tax ince... [read more]

Amidst the Covid-19 pandemic, PT Intiland Development Tbk (DILD) practices caution in launching new projects and continues its effort to improve performance by adopting development strategy that focuses on its recurring projects and adopts the conservative approach in deciding new project developmen... [read more]

Corona pandemic paralyzed tourism sector with hotels temporarily closed increased day by day and currently, 1,500 hotels stop their operation in Indonesia. Hotel occupancy rate in Bali also decreased to 8% and 1%. Furthermore, restaurant and eatery business recorded 70% decreased in revenues. [read more]

PT Ristia Bintang Mahkotasejati Tbk (RMBS) announced the temporary closing of Hotel Le Meridian Bali Jimbaran starting from 1 April 2020. The five-star hotel plans to operate at least in early May 2020 and no longer accept guests until 30 April with cancellation fee fully compensated. During the tem... [read more]

Amidst the Corona pandemic, PT Totalindo Eka Persada Tbk (TOPS) is optimistic to achieve its contract target of Rp3 trillion this year. Moreover, TOPS has also pipelined tenders of Rp8.08 trillion from 26 projects. TOPS recorded new contracts of Rp309.1 billion as of March 2020. [read more]