The Covid-19 pandemic has delayed the construction of Phase II Bundaran HI-Kawasan Kota MRT project. Moreover, the pandemic also reduced the number of passengers. The construction which should have started in March must be postponed to June 2020. This delay also pushed back the estimated completion... [read more]

Plaza Indonesia focuses on business and operational efficiency amid the Covid-19 pandemic. The company has also temporarily closed the shopping center and the office area leasing business until 22 May 2020. "We experience the declining number of hotel guests and shopping center traffic which certain... [read more]

Based on the Government Regulation (PP) No. 21 year 2020 regarding physical distancing to accelerate the mitigation of Covid-19, there are 14 toll lanes in Jakarta, Banten and West Java which restrict the traffic and public commute. The Ministry of Public Work and Public Housing recorded approximate... [read more]

The Covid-19 pandemic puts pressure on various business lines, including the property sector which has driven three property companies to lower their marketing sales target. Aiming for Rp6.7 trillion, PT Ciputra Development Tbk (CTRA) just managed to obtain 17.01% of its target and it is forced to r... [read more]

The co-working space business which started to take off in the last three years is affected by Covid-19 pandemic and driven the business operation to a halt and suspend the expansion plan at least until the pandemic announcing to subside. In 2020, the office space supply in Jakarta grew 3% from 2019... [read more]