The government strictly handled the plan to ease the social distancing policy (PSBB) by issuing the Ministry of Health Decree (KMK) No. HK.01.07/MENKES/328/2020 regarding the Guidelines to Prevent and Restrict Covid-19 in Office and Industry in Supporting Business Sustainability Amidst Pandemic. The... [read more]

PT Capri Nusa Satu Properti Tbk cut its office lease prices up to 10% from the normal prices to attract new potential lease. Currently, the lease occupancy rate remains at 100% for Multi Piranti Graha office tower. The office tower portfolio of Capri Nusa comprising JW Smart Office Tower & Conventio... [read more]

The World Trade Organization reported the global trade barometer in March 2020 at 87.6, declining from 96.3 in March 2019, the lowest since the barometer launched in July 2016. Meanwhile, the Central Bureau of Statistics reported that Indonesia’s export in March 2020 declined by 0.2% annually to US$... [read more]

Based on the reports from Indonesian Hotel and Restaurant Association (PHRI), hotel occupancy rate in Jakarta from 1 to 14 March 2020 was at 25-40% range after approximately 60 star-hotels suspended their operational temporarily or altered their operation to accommodate medical staff. The hotel asso... [read more]

PT Ciputra Residence, a subsidiary of PT Ciputra Development Tbk (CTRA), estimates that its revenue in the first quarter of 2020 will drop by 25% due to Covid-19 and the physical distancing policy which resulted in the delay of its residential property product launch. Ciputra Residence’s main sales... [read more]