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…
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…
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…
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…
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…
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…
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…
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…
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…
By invitation: Kishore Mahbubani
The West’s incompetent response to the pandemic will hasten the power-shift to the east HISTORY HAS turned a corner. The era of Western domination is ending. The resurgence of Asia in world affairs and the global economy, which was happening before the emergence of covid-19,…