PT PP Properti Tbk (PPRO) posted Rp270 billion in marketing sales in the first three months of 2020 or 7.10% of the targeted Rpo3.8 trillion this year. This slowdown was due to the transmission of Covid-19 and the physical distancing policy (PSBB). PPRO has halted several new projects and focus on t... [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]

The Central Bank of Indonesia distributed up to Rp300 trillion to the exchange market and banks to mitigate the impact of Covid-19. The fund is channeled to the State Bond purchase in the secondary market, bank liquidity through the repurchase agreement (repo) terms and the GWM cut. The government a... [read more]

Tax revenue is estimated to reach Rp1,254.1 trillion or 76.4% from the targeted Rp1,642.6 trillion, 5.9% contraction from 2019 realization. The tax revenue shortfall in 2020 is projected to reach Rp388.5 trillion due to the impact of Covid-19 to economy performance and the implementation of tax ince... [read more]