Advancing – Weathering the Storm with Caution
Advancing is the next step for IPCM after initiating a transformation program in the late 2019. Beginning 2020, the company is already faced with several challenges, starting with the heavy flood in Jakarta and recently the sudden significant change in the economic situation as a result of the Covid-19 pandemic. The economic crisis is anticipated to remain throughout the year. Like all other companies, IPCM is taking all measures to cope with the situation, which include preserving liquidity and continuing with its cost efficiency efforts. Given its current strengthened balance sheet, IPCM is in the better position to advance and capture the opportunities available in this environment, while keeping cautious at all times.