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]

PT Maha Properti Indonesia Tbk (MPRO) recorded 307.45% of revenue growth in 2019 to Rp172.85 billion as compared to Rp42.42 billion in the previous year. Its current profit to be distributed to the holding company reaching Rp34.24 billion after MPRO recorded Rp42.21 billion loss in 2018. Due to the... [read more]

Indonesia government cuts the infrastructure budget and to focus on the funding of Covid-19 pandemic mitigation and as instructed in the Presidential Regulation (Perpres) No. 54/2020, the Ministry of Finance has cut the budget for central government by Rp87.5 trillion to Rp1,596 trillion. Budget for... [read more]