The Central Bureau of Statistics (BPS) reported Indonesia’s economic growth in the first quarter of 2020 reaching 2.97% year-on-year (YOY) and -2.41% compared to the fourth quarter of 2019, the lowest since the fourth quarter of 2001. Previously, the government projected economic growth in the first... [read more]

Mall business owners through the Indonesia Shopping Center Association (APPBI) revealed that they have not received any incentives from the government, following the temporary operational close down due to Covid-19 despite requesting it to the government via ministries, local government and PT PLN.... [read more]

The Covid-19 pandemic lowers the public consumption which is shown by the data from the Central Bureau of Statistics that recorded April 2020 inflation at 0.08%, far lower than in March when it was recorded at 0.1% and lower than the year to date inflation of 0.8%. The core inflation which supposed... [read more]

Based on data from the Central Bureau of Statistics (BPS) there were 470,900 foreign tourist visits to Indonesia in March 2020, 64.11% lower than in March 2019. While in January-March 2020 period there were 2.61 million foreign visits to Indonesia, declining 30.62% from the same period in 2019 when... [read more]

PT Jasa Marga Tbk aims to complete three new toll road projects and extending two existing toll road projects this year amidst the Covid-19 pandemic. The new projects including the Cinere-Serpong toll road (a part of the Jakarta Outer Ring Road Toll Road/JORR 2 and Kunciran-Cengkareng) and the Manad... [read more]