Saving the Economy Post Covid-19: Pitfalls and Challenges
By Arwin Rasyid The impact of the Covid-19 pandemic on business has been massive, simultaneous and indiscriminate, affecting not only micro, small and medium enterprises (MSMEs), but also large corporations and even state enterprises. A wave of layoffs has occurred and almost all sectors have…
Post COVID-19 Business Readiness Survey
Over the past three months, Indonesia with the rest of the global community has been severely impacted by the Covid-19 pandemic. Our government has worked hard together with the business community to keep all Indonesians safe and limit the spread of the virus. However, to…
As Businesses Re-open, Optimism is Mixed with Longer-term Concerns on Survival
Indonesia’s economy is slowly waking from a three-month slumber as large-scale social restrictions ease and companies return to work. As of June 8, the Jakarta government administrations and other regions began a month-long transition period to allow businesses to resume operations even as the Covid-19…
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…
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…