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.
Publicly listed integrated property company PT Lippo Karawaci (LPKR) booked revenue growth in 1Q-2020, mainly driven by sales growth in the company’s property and healthcare segments.
However, analyst expects an uptick in core inflation in upcoming months, as the government gradually eases the virus containment measures and Bank Indonesia continues its expansionary stance
Mega Manunggal Property teams up with Alpha Investment Partners and Asuransi Jiwa Manulife Indonesia to set up an Indonesia-focused logistic property venture, with a $200 million initial target size.
Transhipment company PT Trans Power Marine (TPMA) booked double-digit revenue growth in the first quarter of 2020, mainly driven by its tug & barge fleet.
The world is currently awakening from various forms of restrictions on their movement brought about in response to the Covid-19 pandemic. How the different countries fare remains to be seen, but there is no going back to life as it once was.
Publicly-listed construction company PT Wijaya Karya Bangunan Gedung (WEGE) booked earnings growth in the first quarter of 2020, mainly due to higher cost efficiencies.
The last few months are a prequel to an impending global recession, putting many things to the test – but most of all, each country's public health administration and healthcare system are on the center stage.
What will the post-COVID recovery look like? How will the government and the private sector deal with rapidly mounting debts? What will it take to restore consumer confidence (and demand)? Is another Great Depression inevitable?
GoPlay will be using the capital injection to develop its technology to serve both filmmakers and audiences better in making and gaining high-quality local film and series.
COVID-19 outbreak is putting the world in the middle of a global crisis – perhaps, the worst in the past two decades. For humankind, the pandemic is a war against humanity. While for businesses, the crisis is a shifting factor to the market as an impact o
MARK's positive performance in the first quarter of 2020 was mainly driven by a demand boost in medical latex gloves amid the ongoing COVID-19 pandemic.
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.
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.
The recent decline in crude oil prices has opened new opportunities for publicly listed shipping company PT Buana Lintas Lautan (BULL) as oil companies seek alternatives to store their storage while keeping them in the refinery
The $1.5 billion project in Dumai will be jointly undertaken with state-owned firm PT Nindya Karya, while DH Global Holdings Co. Ltd represented the Korean consortium
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.
The bank plans to be more cautious in disbursing its loans in order to maintain the positive performance amid uncertainties of global economic condition
Analyst estimates that ACES’ sales and gross profit margin for the remainder of 2020 to decline due to lower demand for home improvement products during the pandemic
The loan facility will be utilized to support the operational needs, capital expenditure, and refinancing requirements of PT Chandra Asri Petrochemical
They had signed an agreement to build a coal-to methanol production facility in Bengalon, East Kalimantan, and are committed to taking the methanol production off to sell in Indonesia by 2024
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
Despite declining visitors for non-critical treatments, PT Medikaloka Hermina has been able to maintain the occupancy rate mainly due to the company’s decision to become one of the private hospitals that accept coronavirus patients
After booking a positive performance in the first quarter, PT Tower Bersama Infrastructure should expect a prosperous remainder of 2020 despite the ongoing COVID-19
Jokowi emphasizes to all NAM countries member at the High Level Meeting to solidify unity against COVID-19 pandemic and asks equal access to coronavirus medicine for developing countries.
It is the first investment of the firm's $106 million Ocean Fund. The undisclosed amount will help Tridi Oasis to scale and expand its recycling capacity.
BPS noted lower demand for goods and services a result of a slowdown in economic and social activities upon implementation of large-scale social restrictions (PSBB)
TOWR is allocating Rp 3-3.5 trillion in capital expenditures this year, which will be mainly used to construct the fiber optic cables and to add around 2000-3000 new tenants
After a positive performance in Q1-2020, the cost of KINO's raw materials and slowing distribution due to the COVID-19 pandemic may challenge the company's 2020 target
During the due diligence process, both controlling shareholders, which are the governors of West Java and Banten, has agreed to team up in business operations, primarily on supporting Bank Banten's liquidity needs
PT Semen Indonesia Tbk has agreed to sell 15% of its subsidiary PT Solusi Bangun Indonesia Tbk (SMCB) shares to a Japanese firm, Taiheiyo Cement Corporation (TCC)
The survey confirms significant impact of COVID-19 pandemic on manufacturing and tourism industry; as opposed to agriculture and related industries which were able to book growth.
Forbes recently launched its 2020 World Billionaires list, consisting of 2,095 names with a combined net worth of $8 trillion. This year, 15 Indonesian tycoons made it to the list, racking up a $53.7 billion fortune.
Mari Elka Pangestu was appointed as managing director at the World Bank facing a challenging time. Her extensive experience and expertise on development issues are urgently needed.
Forbes Indonesia talks with representatives of international chamber of commerce on investment climate.Foreign direct investment (FDI) realization continues its downward
Berlin is making the first step to bridge opportunities with Asia, creating the first intercontinental startup ecosystem with wide areas of collaboration for both sides.
