Mall business owners through the Indonesia Shopping Center Association (APPBI) revealed that they have not received any incentives from the government, following the temporary operational close down due to Covid-19 despite requesting it to the government via ministries, local government and PT PLN.... [read more]

The Central Bureau of Statistics (BPS) reported Indonesia’s economic growth in the first quarter of 2020 reaching 2.97% year-on-year (YOY) and -2.41% compared to the fourth quarter of 2019, the lowest since the fourth quarter of 2001. Previously, the government projected economic growth in the first... [read more]

This year, PT PP Properti Tbk (PPRO) focuses on the hand over proses of its seven apartments units and delays the requirement of new expenditure capital to cope with Covid-19 pressure. The seven apartment projects are under construction, including Grand Sungkono Lagoon Tower Caspian and Grand Dharma... [read more]

PT Agung Podomoro Land Tbk (APLN) recorded 24.64% annual revenue decline this year due to 29.4% decrease of sales recognition from Rp3.49 trillion to Rp2.46 trillion. PT PP Properti (PPRO) also recorded lower revenue as investors choose to wait and see and the physical distancing policy (PSBB). PT A... [read more]

PT Jasa Marga Tbk aims to complete three new toll road projects and extending two existing toll road projects this year amidst the Covid-19 pandemic. The new projects including the Cinere-Serpong toll road (a part of the Jakarta Outer Ring Road Toll Road/JORR 2 and Kunciran-Cengkareng) and the Manad... [read more]