Top 10 Hottest Years On Record Globally
Climate Central compares temperatures to an earlier 1880-1910 baseline to assess warming during the industrial era. Calculations of average annual global temperature are performed independently at NASA and NOAA. Small differences in their calculations arise as NASA’s calculations are extrapolated to account for polar locations with poor station coverage, while NOAA relies more heavily on […]
Global Healthcare ECM Activity YTD as April 22, 2020
Refinitiv launched Healthcare ECM Trend YTD as April 22, 2020. Global Healthcare ECM offerings raised US$23.6 billion, up 30.1% from a year ago, while Healthcare IPO proceeds grew 46.4% y-o-y to US$4.6 billion worldwide. US dominates with 44.5% market share of the global healthcare ECM proceeds; followed by China 26.6% and Europe 13.2% market share […]
Govt Assures Plenty of Rice Stocked for May
The Ministry of Agriculture has ensured the availability of rice throughout May 2020 to remain secure, as 3.5 million tons of rice have been stocked. The Minister of Agriculture, Syahrul Yasin Limpo, has assured the Indonesian people of food security during the COVID-19 pandemic, thereby guaranteeing food to remain available for 260 million Indonesians. Syahrul explained that, […]
Indonesia exempt international routes from flight ban
Indonesian authorities have prohibited domestic air travel from April 24 to June 1, representing a major change for a market that has so far been less affected by COVID-19-related flight suspensions than many other countries. The move is part of a larger effort to restrict internal travel coinciding with the start of Ramadan, when many […]
Northstar Group secures first tranche of $800 million to be invested in Indonesia, SE Asia
Indonesian private equity firm Northstar Group announced the closure of its fifth flagship funds to be invested in companies and start-ups working on COVID-19 recovery and sectors such as consumption, digital economy and finance. The funds, representing one-third of the company’s US$800 million target, will be invested in growth-stage companies and early-stage start-ups in Indonesia and other Southeast […]
Indonesia and COVID-19: What the World Is Missing
Yes, the Indonesian government has stumbled. But civil society has been rising to the occasion. “For every tourist lucky to leave there are millions of Indonesians with no way out” — this was the conclusion of an ABC News report in late March into the situation facing Indonesians during the COVID-19 outbreak. The report focused […]
ADB approves US$1.5b loan to support Indonesia’s pandemic response
The Asian Development Bank (ADB) has approved a US$1.5 billion loan to support Indonesia’s efforts to combat the impact of the COVID-19 pandemic on public health and the economy. ADB president Masatsugu Asakawa said on Thursday the pandemic had a devastating health, social and economic impact on Indonesia, urging the government to respond to the […]
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 year but the country is still expected to end the […]
