Global Investors ‘Confident’ With Indonesian Economy: Central Bank
Global investors still have confidence in the Indonesian economy and may back a drive to buy new debt securities issued to finance the government’s stimulus package for mitigating the Covid-19 pandemic, Perry Warjiyo, the governor of Bank Indonesia, the country’s central bank, said on Wednesday….
Indonesia sets sights on Netflix, Zoom digital tax to boost economy amid COVID-19 pandemic
Your Netflix subscription is about to get a little pricier as the government has set its sights on taxing digital companies and services that may or may not have a legal entity in Indonesia. On March 31, President Joko Widodo issued a Perppu (government regulation…
Inflation stable in March but COVID-19 risks loom over outlook: Economists
Indonesia recorded a benign inflation rate in March as the government’s measures to maintain food prices remain in check but the COVID-19 pandemic poses risks to this year’s outlook, economists have said. The consumer price index (CPI) stood at 0.1 percent in March, slightly lower…
Indonesia AirAsia’s growth halted due to coronavirus and economy
Indonesia AirAsia has been forced to halt its growth plan for this year, as a result of the coronavirus pandemic and economic challenges faced by Indonesia. The plan for 2020 was for the low-cost carrier to increase its market share by adding three new aircraft…
BI injects $18.19b liquidity into financial markets, banks as rupiah slides
Bank Indonesia (BI) has continued to inject liquidity of up to Rp 300 trillion (US$18.19 billion) into the financial markets and banks to help support the country’s crashing currency as foreign investors sell off Indonesian assets over COVID-19 fears. BI Governor Perry Warjiyo said the…
Jokowi relaxes loan settlements to help small businesses cope with COVID-19 effects
The Financial Services Authority (OJK) will extend loan payment deadlines for micro, small and medium enterprises (MSMEs) for up to one year to help them cope with the economic impacts of the COVID-19 pandemic. Speaking at the State Palace in Central Jakarta on Tuesday, President…
Indonesia turns athletes’ village into Covid-19 hospital
Part of a large tower complex built in Jakarta to house athletes for the 2018 Asian Games has been turned into a temporary hospital for Covid-19 patients. Two towers out of the 10 at the Athletes’ Village in Kemayoran have been refitted to accommodate up…
Indonesia plans bonds to fund cheap loans for business
Indonesia’s government is planning to issue bonds aimed at raising funds for struggling businesses under plans to cushion Southeast Asia’s biggest economy against the impact of the coronavirus disruption, an official said on Thursday. To support businesses and save jobs, the government has launched measures…
LMIRT closes 11 Indonesia malls to curb coronavirus spread
LIPPO Malls Indonesia Retail Trust (LMIRT) will temporarily close 11 Indonesia malls as a precaution in light of the coronavirus outbreak, its manager said on Thursday. The malls will close from March 27 to April 9, and are located in the Greater Jakarta region, Bandung…
Corona pressed, Sri Mulyani admitted the state budget threatened a 2.5% deficit
Indonesia Finance Ministry predict deficit of state budget this year will be worse due to Covid-19 outbreaks. During meeting with president Joko Widodo, she told that the ministry indicate that the deficit is in the range of 2.2% to 2.5% of GDP The State Budget…