Game Changing Indonesia’s Education Sector
For the past decade or so, the foray of the digital economy has hogged headlines around the world. Consumers and investors alike have been bowled over by the likes of Uber, Airbnb, WeWork and closer to home companies such as Gojek and Grab. These companies…
Top10 Manufacturing Investment in Q1 2020
Ministry of Industry recorded that during Q1 2020, total direct investment into manufacture sectors surged 44.7% to 64 trillion rupiah, from 44.2 trillion rupiah in Q1 2019. Among the highest investment sun sectors are basic metal, metal goods, non machinery; f&b; chemical & pharmacy; non…
Expected Shape of The Global Economic Recovery
Reuters conducted polls on April 1-23, 2020. From 165 economists responded, 56% of it expected U-shaped recovery, while the remaining 20% expected V-shaped recovery, 15% expected ✓ -shaped recovery, 5% expected W-shaped recovery and 4% expected L-shaped recovery.
Central Bank Confident Indonesia Will Dodge Recession
Bank Indonesia is confident Indonesia’s economy would continue to grow in the second quarter of this year after the country recorded a 2.97 percent gross domestic product growth in the first, its lowest in almost two decades. Speaking in an online press conference on Wednesday, central bank governor Perry Warjiyo said…
Garuda gets $382 million in loans from BRI to fund working capital
National flag carrier Garuda Indonesia has received three loan facilities from state-owned Bank Rakyat Indonesia (BRI) with a total value of US$382 million to fund the airline’s working capital The publicly listed airline received a $50 million short-term loan from the bank with an interest rate based…
Indonesians Tip More Generously During Pandemic: Grab
While the Covid-19 pandemic has hit the economy hard, people are still ordering food and other goods on delivery services and have actually grown more generous toward delivery drivers, giving them larger tips than before the pandemic began, data from Grab Indonesia, the local branch of the Singapore-based ride-hailing,…
BI sees growth bottoming in Q2, pledges to use all instruments to bolster economy
Bank Indonesia (BI) has pledged to go all out to bolster the economy as the central bank has forecast economic growth to weaken 0.4 percent in the second quarter due to coronavirus containment measures. BI Governor Perry Warjiyo projected gross domestic product (GDP) growth to…
Australia-Indonesia FTA to take effect in July
Australia’s free trade deal with Indonesia will finally kick in on July 5, providing a welcome boost for exporters amid the coronavirus-induced economic downturn. Some 15 years after negotiations first began, Indonesian officials have completed the formal ratification of the agreement. It was given the…
Top 10 Hottest Years On Record Globally
Climate Central compares temperatures to an earlier 1880-1910 baseline to assess warming during the industrial era. Calculations of average annual global temperature are performed independently at NASA and NOAA. Small differences in their calculations arise as NASA’s calculations are extrapolated to account for polar locations…
Global Healthcare ECM Activity YTD as April 22, 2020
Refinitiv launched Healthcare ECM Trend YTD as April 22, 2020. Global Healthcare ECM offerings raised US$23.6 billion, up 30.1% from a year ago, while Healthcare IPO proceeds grew 46.4% y-o-y to US$4.6 billion worldwide. US dominates with 44.5% market share of the global healthcare ECM…