Guide to Omnibus Bill on Job Creation: 1,028 pages in 10 minutes
Last week the government submitted the controversial omnibus bill on job creation to the House of Representatives, aiming for a conclusion in deliberation within 100 days. Last week the government submitted the controversial omnibus bill on job creation to the House of Representatives, aiming for…
Indonesia to Tap domestic market, investment to tackle COVID-19 impact
The Coronavirus (COVID-19) outbreak hitting China, the world’s second-largest economy, since January-end 2020 has hindered the recovery of the global economy from the impacts of the US-China trade war that had slowed down. The Coronavirus (COVID-19) outbreak hitting China, the world’s second-largest economy, since January-end…
‘Not worried’: Airlangga Hartarto Downplays US’ Revocation of Indonesia’s Developing Nation Status
Coordinating Economic Minister Airlangga Hartarto says the United States’ decision to no longer recognize Indonesia as a developing country would not affect the country much, despite the potential effects the decision would bring. Coordinating Economic Minister Airlangga Hartarto says the United States’ decision to no…
Indonesia Looks to Revamp State Firms to be More Profitable
Indonesia is looking to boost the profitability of state companies by merging or closing underperforming firms and their units. Indonesia is looking to boost the profitability of state companies by merging or closing underperforming firms and their units, the ministry of state-owned enterprises said on…
Bracing For a Downturn: Indonesia’s Tourism Sector
It is hard not to miss the impact caused by the novel coronavirus (COVID-19) that originated in Wuhan, China. Though Indonesia, as of Feb 19, has not announced its first official case within the country, the surging prices of masks speaks volumes of mounting fear.
Global Economic Impact of the Coronavirus: A Contained Scenario
Percentage Point deviation in year-on-year growth from Q1 2020 The Chinese economy now accounts for about 17% of global GDP and it’s the largest trading partner for most if its neighbors. While policy makers and CEOs say that it is too soon to assess the…
Bracing For a Downturn: Indonesia’s Tourism Sector Hard Hit by COVID-19
It is hard not to miss the impact caused by the novel coronavirus (recently dubbed COVID-19) that originated in Wuhan, China. Though Indonesia, as of Feb 17, has not announced its first official case within the country, the surging prices of masks speaks volumes of…
Top 10 Predicted China Outbound Tourism Destinations in 2019
The demand of China outbound tourism grows continuously, and it is expected that the number of outbound trips will reach 178.4 million with the total tourism expenditure of about CNY 1.2727 trillion by 2022.
Analysts ‘expect GDP to dip below 5%’ as viral outbreak derails global economy
The country’s tourist sector has taken a hit amid the novel coronavirus outbreak in China that has spread to other countries, as more trip and hotel booking cancellations have been reported following travel bans on tourists to and from China. The Indonesian economy is projected to slow further this…
Air Carriers Reflect on Flight Ban Amidst Coronavirus Crisis
Indonesian air carriers are reviewing the effects of the temporary travel ban to China imposed by the government, which was initially implemented to prevent the spread of novel coronavirus from China’s province of Wuhan. Indonesian air carriers are reviewing the effects of the temporary travel ban…