AKR Land Development achieves new tenants in the AKR Office Tower West Jakarta despite the corona virus pandemic in Indonesia. Although the property sector greatly affected by the pandemic and the physical distancing policy (PSBB), the situation is expected to be temporary. Although the market slows... [read more]

The tourism industry has been deeply affected by the Covid-19 pandemic with many hotels and travel agencies suspending operation due to the lack of guests. The occupancy rates have also fallen sharply and thousands of planned visits to Indonesia have been cancelled. The government unveiled a Rp10.3... [read more]

The Investment Coordinating Board (BKPM) reports that the infrastructure development in the last five years has affected the investment realization. BKPM states that investment realization in the first quarter of 2020 was recorded at Rp210.07 trillion from 25,192 investment projects with 46.5% from... [read more]

Adhi Commuter Properti’s plan to conduct its Initial Public Offering (IPO) in the second quarter of 2020 is postponed until the Covid-19 pandemic shows signs of subsiding and the economy recovery runs smoothly. Adhi Commuter Property plans to sell 30% of its shares to the public and aims to obtain R... [read more]

The Ministry of Agrarian Affairs and Spatial Planning/National Land Agency (ATR/BPN) has prepared stimulus in the agrarian sector for those who are affected by the Covid-19 pandemic by providing deferment for the extension of Right to Build (HBU) and Right to Cultivate (HGU) expiration until the end... [read more]