PT Wijaya Karya Bangunan Gedung Tbk (WEGE) or Wika Gedung recorded a net profit of Rp82.88 billion in the first quarter of 2020 or an increase of 6.64% from the same period last year of Rp77.71 billion. This growth was contributed by the increase of revenues from the other joint venture profit of Rp... [read more]

In addition to the tourism sector, the Meeting, Incentive Travel, Conference & Exhibition (MICE) is also hit hard by the Covid-19 pandemic. The Indonesia Event Industry Council (Ivendo) of the Ministry of Tourism and Creative Economy (Kemenparekraft) reports the potential loss from MICE sector may r... [read more]

The sales of several projects from PT Agung Podomoro Land Tbk (APLN) in suburban areas were growing since the Covid-19 pandemic, in line with the growing interest of consumers for natural green concepts. APLN recorded the total of Rp120 billion in marketing sales last May. Currently, APLN is develop... [read more]

The Coordinating Minister of Economic Affairs, Airlangga Hartarto, estimates Indonesia’s economy in the second quarter of 2020 to contract due to the Covid-19 crisis. However, the government aims to achieve 0.5%-3% growth by the end of 2020 and 2.97% in the first quarter. Moreover, the International... [read more]

Indonesian Payment Balance (NPI) for the second quarter of 2020 is predicted to be better than in the first quarter when deficit was recorded at US$8.54 billion, in line with the growth of foreign exchange reserve (cadev) as of May 2020. The reserve in May 2020 grew US2.62 billion to US$130.5 billio... [read more]