COVID-19 has severely impacted Indonesia's hospitality segment in the first half of 2020. With the relaxation of social distancing protocols, what's the next step for hotels?
In 2019, Siantar Top saw its net income soar 89% to Rp 482.6 billion. The company was also able to book an 11.75% growth in net income during the first semester of 2020, and is confident to achieve 10% of growth this year despite the pandemic.
The falling of crude oil price and the COVID-19 pandemic didn’t have much impact on PT AKR Corporindo which booked a 10.44% YoY increase in net profit.
