The Indonesian government issued the Regulation of Minister for Transportation No. 25 Year 2020 (Permenhub 25/2020) on Transportation Control during Eid al-Fitr of 1441 H to ban intercity travel effective from April 24- May 31, 2020. The regulation is a backstop to contain corona’s vicious spread in Indonesia.
The Permenhub 25/2020 and ban on air transportation from April 24-May 31, 2020 cut the number of passengers and traffic volume; thus, revenues of transportation and toll-road sectors edged down—not to mention soft consumption and curb on travelling budget amid the lockdown. Companies to buffer devastating impacts of economic lockdowns put into effects strategic backstop to maintain stable financial and operational performance. (Tempo)
