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]

PT Ciputra Development Tbk. (CTRA) recorded Rp1.15 trillion net profit in 2019 or decreased by 2.36% from in 2018 when it was recorded at Rp1.18 trillion. Last year, CTRA spent Rp581.91 billion in capital expenditure or 65.65% less than in the previous period. This year, CTRA allocates Rp1.5 trillio... [read more]

PT Acset Indonusa Tbk (ACST) states that there have been no issues in the construction of its projects despite the corona virus outbreak. However, ACST hopes the negative sentiments will soon be over as should the outbreak continue for the long term, construction sector will be affected. Currently,... [read more]

Amidst the Corona pandemic, PT Totalindo Eka Persada Tbk (TOPS) is optimistic to achieve its contract target of Rp3 trillion this year. Moreover, TOPS has also pipelined tenders of Rp8.08 trillion from 26 projects. TOPS recorded new contracts of Rp309.1 billion as of March 2020. [read more]

PT Ristia Bintang Mahkotasejati Tbk (RMBS) announced the temporary closing of Hotel Le Meridian Bali Jimbaran starting from 1 April 2020. The five-star hotel plans to operate at least in early May 2020 and no longer accept guests until 30 April with cancellation fee fully compensated. During the tem... [read more]