Indonesia’s Nonperforming Loan ratio (NPL) is expected to increase until end of this year as the economy hit hard from the pandemic. The Indonesia Financial Services Authority (OJK) data showed the NPL ratio rising to 3.1% in June, higher than 3.01% recorded in May. The Non-Performing Financing (NPF... [read more]

The Central Bureau of Statistics reported that the Indonesia’s economy in the second quarter of 2020 contracted by 5.3% (YOY) and by 4.9% (qoq). It was the lowest since the first quarter of 1999 when it contracted by 6.13%. Cumulatively, the economic growth in the first semester of 2020 was recorded... [read more]

PT Hutama Karya (Persero) continued the construction of Aspena Residence Apartment at Jl. Halim Perdana Kusuma, Subdistrict of Kebon besar, District of Batu Ceper, Tangerang City. The project building area is 35,070.22 square meters with 12 structural stories and two basements with the total of 748... [read more]

PT Perintis Triniti Properti Tbk. (TRIN) will buy back its maximum shares of Rp20 billion, including the transaction cost, brokerage commission, and other costs in relation to the buyback by using internal funding. TRIN appointed Mirae Asset Sekuritas Indonesia for the buyback period from 6 August u... [read more]

PT Angkasa Pura II recorded an increase in passengers by 143% in July 2020 from 19 airports or increased. The increase was recorded at 1.52 million passengers from 67,576 passengers. The flight traffic was recorded at 21,431 flights or 65% higher than 13,020. The freight volume increased by 14% from... [read more]