Indonesia’s Lion Air to resume domestic flights as economy gradually reopens
Indonesia’s Lion Air and its units of Batik Air and Wing Air have decided to restart flights for domestic routes on Wednesday as the country’s economic activities have gradually been picked up, Xinhua news agency reported, according to the airline on Tuesday. The upcoming flights would…
Covid-19 Pushes Inflation to Lowest Level in Two Decades
Indonesia posted its lowest inflation in almost two decades in May as restrictions to curb the coronavirus pandemic continued to suppress demands. The largest economy in Southeast Asia saw its general price level, as measured by the consumer price index (CPI), grow by only 2.19 percent last month compared…
Jakarta Tourist Destinations to Reopen Steadily
Head of Jakarta’s Tourism and Creative Economy Agency Cucu Ahmad Kurnia on Tuesday announced that the city’s tourist destinations will gradually be made available starting on June 13. “This comes after the Jakarta governor Anies Baswedan enacted the transition from the large-scale social restriction to the new normal,”…
Eid Mubarak 1441H
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…
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…
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…
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…
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,…