Businesses brace for uncertain economic conditions and turbulent markets
With global markets shuddering in the face of a price war in oil and the economic fallout from the outbreak of the corona virus, governments across the world are racing to shore up their economies and calm nervous investors. Fears of a global recession now…
Oil Dives 31% in Worst Loss Since 1991 Gulf War as All-Out Price War Erupts
Oil markets tumbled the most since the Gulf War in 1991 on Monday (March 9) after the disintegration of the Opec+ alliance triggered an all-out price war among the world’s biggest producers Oil markets tumbled the most since the Gulf War in 1991 on Monday…
BI Expects Q1 Economic Growth to Drop to 4.9% as Virus Hurts Tourism, Trade
Bank Indonesia (BI) is predicting that weakening economic activities, especially involving tourism, exports and imports, would drag down the country’s economic growth to 4.9 percent in the first quarter before picking up again in the following months. Bank Indonesia (BI) is predicting that weakening economic…
WHO Calls for Calm after Indonesia Confirms Cases of COVID-19
Indonesia confirmed its first coronavirus cases in the country, as the UN health body raised the possibility that more cases may be detected in the near future. The World Health Organization has called on the public in general to remain calm after Indonesia confirmed its…
Indonesia Plans Second Stimulus Package
Indonesia is working on a second stimulus package to shore up South-east Asia’s biggest economy, adding to the central bank’s aggressive moves to counter the impact of the coronavirus on financial markets. Indonesia is working on a second stimulus package to shore up South-east Asia’s…
Government to ease import procedures as manufacturers look beyond China for sources of raw materials
Plans are discussed to ease licensing procedures for importing raw materials as the country’s manufacturing industry begins to feel the impact of the disruption. The government plans to ease licensing procedures for importing raw materials as the country’s manufacturing industry begins to feel the impact…
Finding a Way Forward
Amidst the growing health concern of the novel coronavirus, the Joko Widodo administration has announced two significant actions that would affect Indonesia’s economy.
Top 10 Winners in the Indonesian Stock Exchange
Over the past week, the CNBC Indonesia Research Team highlighted the top gainers in the Indonesia Stock Exchange (IDX) within the week of February 24-28, despite uncertain market conditions Stock Increase (%) 1. DEAL 29.2 2. CARS 10.7 3. ITMG 6.9 4. RALS 5.1 5….
Substantive Articles in the Omnibus Bill on Job Creation
Omnibus bill on job creation amends 73 laws and consists of 15 chapters and 174 articles, of which 163 are substantive The landmark bill will affect every single Indonesian as it covers a wide range of issues from business and education to halal certification and…
Wishnutama Will Hire 15 Foreign Influencers to Promote Tourism
Tourism Minister Wishnutama Kusubandio said the Rp27 billion budget would not merely be used to pay influencers but also to fund other programs. Tourism Minister Wishnutama Kusubandio said the Rp27 billion budget would not merely be used to pay influencers but also to fund other programs. At least…