"Indonesia's GDP plunged 2.007% in 2020 - a marked downturn from the previous year when the country recorded growth of 5.02%. SEA's biggest economy last experienced a contraction in 1998, when GDP fell by 13.1% during the Asian Financial Crisis."

"Virtual or cloud kitchens – also known as ‘ghost kitchens’ – are a virtual restaurant which operate solely for delivery services. Unlike traditional restaurants, cloud kitchens do not necessarily have seating areas for dine-in or even a shopfront."

"The retail market in Jakarta got off to a slow start in 2020 after a strong rebound last year. The situation deteriorated further with COVID-19 which pushed the government to impose strict social distancing rules in Jakarta."

"Having seen dramatic declines since 2013, prime street shop and shopping mall rents seem to have found a floor but this may only be temporary."

"Prime street shop and shopping mall rents fell heavily in the first quarter, down by 44% and 31% YoY."