Preparing for the new normal: Indonesian government prepares to launch new stimulus plan
Indonesia has joined a growing number of countries around the world that are preparing to reopen their economies to prevent large-scale social and economic impairment. Needing to balance between long-term devaluation of economic growth and mitigating a public health crisis, President Joko Widodo’s government has…
Global Property and Investment Firm ZACD Group deepens expansion into Indonesia
Marcus Lee Joins ZACD Group as Regional Director Even as the world struggles with the economic fallout of the Covid-19 pandemic, new investment opportunities are opening up. Across Asia, investors are starting to explore new investment avenues, especially in the property sector. While property prices…
Manufacturing proves to be a silver lining for Indonesia
As millions of Indonesians adjust to the new reality of work from home and companies struggle to retain their workers in the face of near total shutdown, some industries are bucking the trend. Indonesia is likely to suffer a sharp drop in GDP growth this…
IEF Business Leaders Confident Index Series Business Leaders Brace for Tough Times Ahead
As the Indonesian government continues to battle the Covid-19 health crisis, it is also facing another battle front with the economy now most likely to face a recession. Across all industries and sectors, the outlook is gloomy at best with business leaders grappling to find…
Will the latest COVID-19 stimulus package boost business activities?
Indonesia has scrapped a budget deficit cap introduced after the Asian financial crisis to help shield the economy from the outbreak, where budget deficit cap has been pushed to 5 percent of GDP this year. This allowed the government to allocate 405.1 trillion rupiah ($24.8…
Helping Hands: Indonesians come together to help those most affected
As a journalist, 27-year old GhinaGhaliya has to collect and verify information about what is happening on the ground, with no exception on COVID-19 cases. She learned that with many companies implementing WFH policy and the government issuing social distancing orders, the informal workforce has…
IEF CEO Leadership Series Hard Landing: Garuda Indonesia Prepares for Post Covid-19
As government after government shuts down its borders and imposes strict travel restrictions, the global aviation industry is heading for a tailspin. The speed and depth of the nosedive is unprecedented with some estimates putting the cost of the global shutdown at well above US$200…
Green Investing is the New Mega Trend
“For the first time since WWII, we sense a shift in which climate and the environment – not growth –will become the priority for governments and their citizens as shortages of food, clean water and air become existential questions,” Saxo Bank chief economist Steen Jakobsen…
Battling the twin threats of a global health crisis and economic recession
As global governments race to confront the twin threats of a health crisis and an economic recession, the stakes are high. Millions of lives are at stake while workers around the world face the possibility of job losses and loss of income. As a result,…
Time to buy Indonesian luxury properties? Investors must move fast
Boasting some of the cheapest prices for luxury properties in Southeast Asia, Indonesia’s high-end property market is about to get a shot in the arm. A combination of factors – new government regulations reducing restrictions on foreign ownership of high-end properties; stable macro-economic outlook; a…