PT PP Properti Tbk (PPRO) posted Rp270 billion in marketing sales in the first three months of 2020 or 7.10% of the targeted Rpo3.8 trillion this year. This slowdown was due to the transmission of Covid-19 and the physical distancing policy (PSBB). PPRO has halted several new projects and focus on t... [read more]

The Indonesian property market was under pressure in the first quarter of 2020 and it is predicted to continue until the second quarter. The outbreak of Covid-19 driven consumers to adopt wait and see strategy. The physical distancing regulation (PSBB), especially drastically hit residential sales i... [read more]

The Indonesian Toll Road Association (ATI) reported that the average daily traffic has declined between 40% to 60% in March 2020 from the daily average in 2019 after the implementation of physical distancing in Jakarta. Furthermore, rest areas also recorded lower visit number and revenue by 50% to 8... [read more]

Since the implementation of Physical Distancing (PSBB) since 10 April 2020 in Jakarta, flight operations in Soekarno-Hatta airport (Tangerang) and Halim Perdana Kusuma (Jakarta) are adjusted. PT Angkasa Pura II has put on the status of Minimum Operation for Soekarno-Hatta and Halim Perdanakusuma Air... [read more]

The funding of syndicated loan in the first quarter of 2020 was dominated by foreign banks. According to Bloomberg League Table Reports Global Syndicated Loan, only 20 banks participated in the syndicated loan as the Mandated Lead Arrangers in the first quarter of 2020 with US$2.08 billion worth of... [read more]