INDUSTRY
• Ministry of Finance expect budget revenue to contract 9.2% in FY2020
• Tire production to drop by 40%
• LAR reaches 14.8% in Apr 2020

CORPORATE
• Moody’s to downgrade rating on Jasa Marga (JSMR IJ)
• Mitra Keluarga (MIKA IJ) to add wo new hospitals in FY2020