Top10 Manufacturing Investment in Q1 2020
Ministry of Industry recorded that during Q1 2020, total direct investment into manufacture sectors surged 44.7% to 64 trillion rupiah, from 44.2 trillion rupiah in Q1 2019. Among the highest investment sun sectors are basic metal, metal goods, non machinery; f&b; chemical & pharmacy; non metal mineral as well as plastic & rubber
Expected Shape of The Global Economic Recovery
Reuters conducted polls on April 1-23, 2020. From 165 economists responded, 56% of it expected U-shaped recovery, while the remaining 20% expected V-shaped recovery, 15% expected ✓ -shaped recovery, 5% expected W-shaped recovery and 4% expected L-shaped recovery.
Central Bank Confident Indonesia Will Dodge Recession
Bank Indonesia is confident Indonesia’s economy would continue to grow in the second quarter of this year after the country recorded a 2.97 percent gross domestic product growth in the first, its lowest in almost two decades. Speaking in an online press conference on Wednesday, central bank governor Perry Warjiyo said with the right policies and stimulus from the government he was confident Indonesia […]
Garuda gets $382 million in loans from BRI to fund working capital
National flag carrier Garuda Indonesia has received three loan facilities from state-owned Bank Rakyat Indonesia (BRI) with a total value of US$382 million to fund the airline’s working capital The publicly listed airline received a $50 million short-term loan from the bank with an interest rate based on the one month London Interbank Offered Rate (LIBOR) plus […]
Indonesians Tip More Generously During Pandemic: Grab
While the Covid-19 pandemic has hit the economy hard, people are still ordering food and other goods on delivery services and have actually grown more generous toward delivery drivers, giving them larger tips than before the pandemic began, data from Grab Indonesia, the local branch of the Singapore-based ride-hailing, delivery and payment service company, showed on Tuesday. The data also […]
BI sees growth bottoming in Q2, pledges to use all instruments to bolster economy
Bank Indonesia (BI) has pledged to go all out to bolster the economy as the central bank has forecast economic growth to weaken 0.4 percent in the second quarter due to coronavirus containment measures. BI Governor Perry Warjiyo projected gross domestic product (GDP) growth to pick up slightly to 1.2 percent in the third quarter […]
Australia-Indonesia FTA to take effect in July
Australia’s free trade deal with Indonesia will finally kick in on July 5, providing a welcome boost for exporters amid the coronavirus-induced economic downturn. Some 15 years after negotiations first began, Indonesian officials have completed the formal ratification of the agreement. It was given the green light in Canberra in December and Indonesian MPs finally signed […]
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 have fallen over the past few months, this has opened […]