Following the new normal phase in Indonesia, malls are operating by implementing strict health protocols, including reducing the number of visitors by half. The Indonesia Shopping Center Tenants Association (Hippindo) expects owners of shopping centers to help tenants by reducing rents, considering... [read more]

The Self-Regulatory Organization (SRO) in coordination with the Indonesia’s Financial Authority (OJK) released stimulus for the capital market stakeholders to maintain market optimism amidst the Covid-19 pandemic. The Indonesia Stock Exchange (BEI) provides 50% cut as stimulus for Initial Public Off... [read more]

PT Batam Sentralindo (PT BS), the developer of Westpoint Maritime Industrial Park (WIMP) industrial estate supports the government of Indonesia and the provincial government of Riau Island to make Batam as the main investment site for oil and gas sector. Sinopec Group has leased 75 hectares area in... [read more]

PT Ciputra Development Tbk (CTRA) expects its property sales in the second semester to improve after the sales in May recorded a 30% decline. In the first quarter of 2020, CTRA recorded its profit declining by 37.3% from Rp283.1 billion to Rp177.51 billion in the end of March. [read more]

Keppel Corporation, a Singaporean conglomerate, through Alpha Investment Partners Ltd to create an alliance with PT Asuransi Jiwa Manulife Indonesia and PT Mega Manunggal Property Tbk (MMLP) that focuses on the logistics warehouse sector in Indonesia with an initial investment fund target at US$200... [read more]