The COVID-19 coronavirus has hit the hotel industry hard with occupancy rates well down on the seasonal average across Indonesia. The overall occupancy rate had fallen below the regular low season average of 50% to 60% to 30% to 40% since the outbreak of the coronavirus in China in early January. Pr... [read more]

The Central Bank of Indonesia (BI) cut the projection of Indonesia’s economic growth to the range of 4.2% to 4.6%, from previously 5.0% and 5.4% range. This is the second revision after the revision from 5.1% to 5.5%. [read more]

The Ministry of Public Works and Housing sets to finish 28 toll road projects (482 km) this year. Three of them have undergone feasibility test and are ready for use for the upcoming Eid al Ftr holiday. The toll road including Manado-Bitung toll road section 1, Pekanbaru – Dumai toll road and Kayu A... [read more]

The decline in hotels and tourism resorts visits due to corona virus continues. One of the decline was recorded by PT Dafam Hotel Management, a subsidary of PT Dafam Property Tbk (DFAM) who recorded 15% decline. [read more]

The Central Bureau of Statistics reported that Indonesia recorded a US$2.34 billion trade surplus in February thanks to higher manufacturing exports despite disrupted trade activities with China as a result of the COVID-19 pandemic. Indonesia recorded a total of $13.94 billion in exports in February... [read more]