Tens of thousands of workers across Indonesia laid off because of COVID-19 outbreak
Tens of thousands of workers across Indonesia have lost their jobs as economic activity slows to a crawl as a result of the COVID-19 outbreak. In Central Java, 24,249 workers have been laid off while 191 companies employing 148,791 workers have been affected by the…
Will the latest COVID-19 stimulus package boost business activities?
Indonesia has scrapped a budget deficit cap introduced after the Asian financial crisis to help shield the economy from the outbreak, where budget deficit cap has been pushed to 5 percent of GDP this year. This allowed the government to allocate 405.1 trillion rupiah ($24.8…
Biggest Market Caps Drop By Sectors Amid COVID-19 in 1Q 2020
During Pandemic COVID-19, market capitalization has decline across sectors, with significant variation to the extend of the decline. According to Corporate Performance Analytics, S&CF Insights, S&P Global, all 3000 global top companies share declined with in 1Q of 2020, with the biggest drop on commercial…
World Employment Outlook 2020-2023
Of the 3.30 billion workers around the world in 2019, 1.75 billion workers are people in wage and salaried employment or so-called formal workers. Other than that, there are self-employee, own-account and contributing family workers, who are typically employed informally, work in vulnerable conditions and…
Rupiah may slide to Rp 20,000 per US dollar in worst-case scenario
The rupiah could hover around Rp 17,500 or even slide to as low as Rp 20,000 against the US dollar, the weakest in history, if Indonesia’s economy contracts and the COVID-19 downturn is prolonged, Finance Minister Sri Mulyani Indrawati has warned. The local currency, already…
Global Investors ‘Confident’ With Indonesian Economy: Central Bank
Global investors still have confidence in the Indonesian economy and may back a drive to buy new debt securities issued to finance the government’s stimulus package for mitigating the Covid-19 pandemic, Perry Warjiyo, the governor of Bank Indonesia, the country’s central bank, said on Wednesday….
Indonesia sets sights on Netflix, Zoom digital tax to boost economy amid COVID-19 pandemic
Your Netflix subscription is about to get a little pricier as the government has set its sights on taxing digital companies and services that may or may not have a legal entity in Indonesia. On March 31, President Joko Widodo issued a Perppu (government regulation…
Inflation stable in March but COVID-19 risks loom over outlook: Economists
Indonesia recorded a benign inflation rate in March as the government’s measures to maintain food prices remain in check but the COVID-19 pandemic poses risks to this year’s outlook, economists have said. The consumer price index (CPI) stood at 0.1 percent in March, slightly lower…
Indonesia AirAsia’s growth halted due to coronavirus and economy
Indonesia AirAsia has been forced to halt its growth plan for this year, as a result of the coronavirus pandemic and economic challenges faced by Indonesia. The plan for 2020 was for the low-cost carrier to increase its market share by adding three new aircraft…
Top ten countries with highest performance on climate change
Climate Change Performance Index (CCPI) asses climate protection performance across the world. The ranking results are defined by a country’s aggregated performance in 14 indicators within the four categories “GHG Emissions”, “Renewable Energy” and “Energy Use”, as well as on “Climate Policy”, in a globally…
