Despite recorded with a surplus, May 2020 trade balance showed that exports and imports were sharply contracted due to the slowing global demand and the disruption in production activities. The Central Bureau of Statistics (BPS) recorded May 2020 with a surplus of US$2.09 billion, comprising exports... [read more]

With the reopening of several shopping center in DKI Jakarta, Agung Podomoro Land is committed to abide the health protocol and preparing modern facilities including touchless technology to ease and help their tenants and visitors  to ensure they fully follow the Covid-19 health protocol. [read more]

Property developers require tax incentives to continue their businesses amidst the Covid-19 pandemic. On the other hand, banks are urged to increase debt restructuring for developers who experience issues with their working capital. Furthermore, the reduction of property taxes (PBB) and the transfer... [read more]

The investment realization is projected to experience a steep decline from the initial target of the Coordinating Investment Board (BKPM) in 2020 from Rp886 trillion to Rp855 trillion given the assumption the Covid-19 pandemic ending in May 2020. As the pandemic continues, BKPM reviews its estimatio... [read more]

After the delay due to Covid-19 pandemic, the construction of the Second Phase of Jakarta Mass Rapid Transportation (MRT) project will continue on 15th of June 2020. Currently, the project is under a feasibility study to determine the continuation of Phase IIB from Kota to West Ancol. The continuati... [read more]