The Central Bank of Indonesia (BI) estimates that the wide affect of Covid-19 pandemic in many countries, including Indonesia, will threaten the global and domestic macro financial stability. In Indonesia, the pandemic has significantly impacted tourism, trade and investment. BI has unveiled a polic... [read more]

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]

Bank loan distribution in Indonesia in March 2020 was recorded with 7,95% year on year (YOY) growth. The Indonesia Financial Services Authority (OJK) reported that this growth was higher than in the previous month of 5.93% YOY. Bank liquidity and funding was in adequate level. The liquidity ratio/no... [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]

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]