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…
Teacher shortage threatens Indonesia’s Future
Across the world, countries are facing an acute shortage of teaching talent. A combination of factors including fewer young people wanting to be teachers; low salaries; digital disruption and an exploding population have led to the current situation. According to the UN Educational, Scientific and…
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…