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Property and construction drove SSIA's 7% revenue increase in 1Q-2020

SSIA's construction sector contributes highest sales with Rp 652.1 billion, which grew 11.8%, while its property sector grew by 20% to Rp 86.9 billion.
MP
Marella Putri 20 hours ago . 2 min read

Companies

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Companies
Property and construction drove SSIA's 7% revenue increase in 1Q-2020
SSIA's construction sector contributes highest sales with Rp 652.1 billion, which grew 11.8%, while its property sector grew by 20% to Rp 86.9 billion.
MP
Marella Putri 20 hours ago . 2 min read
Companies
Energi Mega Persada's net sales grew 51% in 1Q-2020
ENRG was able to score $79.66 million in its net sales thanks to higher gas production from its Bentu PSC blocks in Riau
MP
Marella Putri 20 hours ago . 1 min read
Companies
Indonesia's Biggest Banks remain Strong in Q1 2020
Coronavirus pandemic gave a tough year for the banking industry, but seven biggest lenders in Indonesia still managed to post a positive result.
MP
Marella Putri 1 day ago . 1 min read
Companies
TBLA booked Rp 2.76 trillion net sales in 1Q-2020
The 27.3% YoY increase was mainly driven by palm oil and its derivative products. Earnings growth over the next 12 months however will be tempered by slowing economic growth due to COVID-19 outbreak.
MP
Marella Putri 1 day ago . 2 min read

Business

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Insights
Digital tax in Indonesia to be effective starting July
The Ministry of Finance has decided that 10% VAT will be imposed on digital products such as music streaming & film subscription, games, and online services coming from abroad - in order to create a level playing field to all business players.
MP
Marella Putri 2 weeks ago . 2 min read
Insights
World Bank approved $700 million of financing to help Indonesia fights against COVID-19 pandemic
The financing is divided into two projects, one for Indonesia's Social Assistance Reform Program and the other goes as COVID-19 Supplemental Financing for Indonesia's First Financial Sector Reform Development Policy Loan
MP
Marella Putri 2 weeks ago . 1 min read
Insights
Insurance Industry Hit-Hard in COVID-19 Pandemic
By Elisa ValentaLike other businesses, the insurance industry is vulnerable to the coronavirus pandemic and the slowdown in global economic
EC
Ester Christine Natalia 3 weeks ago . 1 min read
Insights
Commercial airlines resume flights amid PSBB
Commercial operations are allowed to serve domestic routes, with safety measure and seating adjustment for passengers.
MP
Marella Putri 3 weeks ago . 2 min read