NEWS

The Central Bureau of Statistics (BPS) recorded Indonesia Trade Balance in March 2020 with surplus of US$743 million. The surplus came from export that grew 0.23% from February 2020 to US$14.09 billion and import that grew 15.6% from February 2020 to US$13.35 billion. [read more]

Two shopping centers of PT Lippo Karawaci Tbk are utilized as provisional and reference hospitals for patients of Covid-19 as decreed by the Ministry of Health during the pandemic. The hospitals are the one in Kelapa Dua, in the east side of Lippo Village with 214 beds capacity and RS Siloam Mampang... [read more]

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]

The Indonesian property market was under pressure in the first quarter of 2020 and it is predicted to continue until the second quarter. The outbreak of Covid-19 driven consumers to adopt wait and see strategy. The physical distancing regulation (PSBB), especially drastically hit residential sales i... [read more]

The Indonesian Toll Road Association (ATI) reported that the average daily traffic has declined between 40% to 60% in March 2020 from the daily average in 2019 after the implementation of physical distancing in Jakarta. Furthermore, rest areas also recorded lower visit number and revenue by 50% to 8... [read more]