PT Andalan Sakti Primaindo Tbk (ASPI) also known as Ansa Land posts marketing sales of Rp3.75 billion throughout the first quarter of 2020. This realization comes from Arkamaya and Royal Matoa projects. ASPI also planned to launch Casa Serpong this year, but then cancelled it amidst the Covid-19 pan... [read more]

PT Waskita Karya Realty (Waskita Realty) recorded Rp236.31 billion in revenue in 2019. Its net profit was recorded at Rp97 billion while the project investment performance was recorded at 19.04% real estate asset value growth. In 2019, Waskita Realty developed Vasaka The Reiz Condo in Medan, Yukata... [read more]

PT Surya Semesta Internusa Tbk (SSIA) recorded 145% surge of consolidated net profit to Rp92.3 billion from Rp37.7 billion last year. The net profit came from the consolidated revenue of Rp4.006 trillion which grew 8.8% from last year of Rp3.681 trillion. SSIA recorded Rp533 billion of EBITDA 17.2%... [read more]

The Central Bank of Indonesia (BI) estimates that the wide affect of Covid-19 pandemic in many countries, including Indonesia, will threaten the global and domestic macro financial stability. In Indonesia, the pandemic has significantly impacted tourism, trade and investment. BI has unveiled a polic... [read more]

The Covid-19 pandemic has delayed the construction of Phase II Bundaran HI-Kawasan Kota MRT project. Moreover, the pandemic also reduced the number of passengers. The construction which should have started in March must be postponed to June 2020. This delay also pushed back the estimated completion... [read more]