The tourism industry has been deeply affected by the Covid-19 pandemic with many hotels and travel agencies suspending operation due to the lack of guests. The occupancy rates have also fallen sharply and thousands of planned visits to Indonesia have been cancelled. The government unveiled a Rp10.3... [read more]

AKR Land Development achieves new tenants in the AKR Office Tower West Jakarta despite the corona virus pandemic in Indonesia. Although the property sector greatly affected by the pandemic and the physical distancing policy (PSBB), the situation is expected to be temporary. Although the market slows... [read more]

PT Modernland Realty Tbk (MDLN) aims for Rp4 trillion in marketing sales this year or 9% higher than in last year. However, with the situation with Covid-19 currently, MDLN estimates that the marketing sales may decline by 10%-20% but this condition will only last temporarily. This year, MDLN alloca... [read more]

The Ministry of Agrarian Affairs and Spatial Planning/National Land Agency (ATR/BPN) has prepared stimulus in the agrarian sector for those who are affected by the Covid-19 pandemic by providing deferment for the extension of Right to Build (HBU) and Right to Cultivate (HGU) expiration until the end... [read more]

Adhi Commuter Properti’s plan to conduct its Initial Public Offering (IPO) in the second quarter of 2020 is postponed until the Covid-19 pandemic shows signs of subsiding and the economy recovery runs smoothly. Adhi Commuter Property plans to sell 30% of its shares to the public and aims to obtain R... [read more]