Finding a Way Forward
Amidst the growing health concern of the novel coronavirus, the Joko Widodo administration has announced two significant actions that would affect Indonesia’s economy.
Top 10 Winners in the Indonesian Stock Exchange
Over the past week, the CNBC Indonesia Research Team highlighted the top gainers in the Indonesia Stock Exchange (IDX) within the week of February 24-28, despite uncertain market conditions Stock Increase (%) 1. DEAL 29.2 2. CARS 10.7 3. ITMG 6.9 4. RALS 5.1 5. HKMU 4.2 6. OPMS 3.9 7. CSRA 3.6 8. PURE […]
Substantive Articles in the Omnibus Bill on Job Creation
Omnibus bill on job creation amends 73 laws and consists of 15 chapters and 174 articles, of which 163 are substantive The landmark bill will affect every single Indonesian as it covers a wide range of issues from business and education to halal certification and regional government powers.
Finding a Way Forward: Riding the Gathering Storm
Investors spooked by the negative impact of the virus on the global economy are running for cover. Despite so, the Joko Widodo administration is pushing through an ambitious piece of legislation that it hopes will act as a cure for its economic ills. As of Friday September 28, 2020 the Dow Jones Industrial Index had […]
Wishnutama Will Hire 15 Foreign Influencers to Promote Tourism
Tourism Minister Wishnutama Kusubandio said the Rp27 billion budget would not merely be used to pay influencers but also to fund other programs. Tourism Minister Wishnutama Kusubandio said the Rp27 billion budget would not merely be used to pay influencers but also to fund other programs. At least 15 foreign influencers will be invited to promote Indonesian tourism […]
BI Continues to Intervene in Markets as Foreigners Sell Indonesian Securities
Bank Indonesia (BI) has pumped Rp 87 trillion (US$6.2 billion) into the domestic bond markets so far this month as big sell-offs sent stock markets around the world into a tailspin amid fears over the global spread of the coronavirus. Bank Indonesia (BI) has pumped Rp 87 trillion (US$6.2 billion) into the domestic bond markets so […]
US Unilateral Decision may Affect Indonesia’s Current Account
The United States (U.S.) government’s unilateral decision to exclude Indonesia from the list of developing nations can affect its current account, the Institute for Development of Economics and Finance (Indef) has opined. The decision should serve as an early warning to our government. If we remain silent and the World Trade Organization (WTO) approves it, […]
Indonesia Invites Saudi Arabia to Invest in its Sovereign Wealth Fund
Finance Minister Sri Mulyani Indrawati hopes to get Saudi Arabia on board, particularly through the planned sovereign wealth fund. Finance Minister Sri Mulyani Indrawati hopes to get Saudi Arabia on board to invest more in Indonesia, particularly through the planned sovereign wealth fund that is to be channelled for projects intended to aid the country’s […]