The Central Bank of Indonesia distributed up to Rp300 trillion to the exchange market and banks to mitigate the impact of Covid-19. The fund is channeled to the State Bond purchase in the secondary market, bank liquidity through the repurchase agreement (repo) terms and the GWM cut. The government a... [read more]

PT PP Properti Tbk recorded marketing sales growth until February at Rp290 billion, 26.67% higher than in the same period last year of Rp229 billion. During 2020, its subsidiaries still focus on achieving Rp3.8 trillion of marketing sales. From revenue and net profit side, PPRO aims to achieve Rp31... [read more]

The operation of Manado-Bitung Section I Toll Road and Pakanbaru-Dumai Toll Road which are planned in May and June may be potentially delayed until the novel Corona Virus (Covid-19) lessen, as the Toll Road Management Office (BPJT) has recommended. The Manado-Bitung Toll Road total length is 39 km a... [read more]

At least nine hotels in Batam, Riau Islands, are suspending operations at the end of March amid the lack of visitors following lockdowns imposed in major tourism markets, such as Singapore and Malaysia. According to the Statistic Bureau of Statistics (BPS), the occupancy of star-rated hotels in Indo... [read more]

Due to Covid-19 pandemic, foreign tourist visits, which usually increase in January-February period was significantly declining and is estimated to further decline in March 2020. The Central Bureau of Statistics (BPS) reported that the number of foreign tourist visits in February was at 885,100 visi... [read more]