TEMPO.CO, Jakarta – Before President Director of PT Plaza Indonesia Realty Tbk. Rosano Barack who is also the in-law of the artist Syahrini releasing all of its shares, the company submits a report to the Indonesia Stock Exchange (IDX). DDue to the disclosure of information to the stock exchange authority as of August 14, 2020, the company with the ticker code PLIN submitted a Material Information or Facts Report on the Impact of the Covid-19 Pandemic.
In the three-page letter, the company answered a number of questions posed by the IDX. Plaza Indonesia admitted that its business condition was disrupted by Covid-19 because it was affected by the policy of limiting business operations and estimates that it will take more than 3 months to stop or limit the operation.
The IDX also asked in more detail about the types of activities that were disrupted due to operating restrictions. Regarding this, the company explained that the Plaza Indonesia Shopping Center has been reopened by following the prevailing health regulations and protocols with operating hours limited from 11:00 – 20:00 WIB every day, except for salons and haircuts. operations are limited from 11:00 – 19:00 WIB daily.
For the record, Beauty Clinic, Waxing, Eyelash Salon, Nail Salon, Spa & Reflexology, Bar & Launge, Cinema and Children’s Playground is still not open. Meanwhile, the office area of The Plaza Office Tower has also been reopened since June 8, 2020, with health regulations and protocols in place following the applicable regulations.
The company said that due to the cessation of operational activities, 25-50 percent of the revenue contribution affected the total consolidated income in 2019. Plaza Indonesia also explained that as of December 31, 2019, it had 662 permanent and non-permanent employees. Of that number, 486 of them were affected by the pandemic.
From January 2020 to mid-August, 119 employees have been laid off and 124 have been affected by salary cuts, shift adjustments / day / working hours.
“Almost all employees are subject to salary deductions with varying percentages according to their class / position. Adjustment of working hours with alternate days,” as quoted from the disclosure of information to the IDX.
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