Economy

Commercial banks that made the announcements as of Saturday morning are Bangkok Bank, Kasikornbank, Siam Commercial Bank, Bank of Ayudhya, TMB Bank, Thanachart Bank, UOB, Kiatnakin, LH Bank and CIMB Thai. The state-owned GH Bank also closed on Saturday. Three other state banks made the same announcements earlier. They were the Government Savings Bank (GSB), Krungthai Bank and the Bank …

For the sake of combating fraudulent and irresponsible traders, a number of e-commerce companies in Indonesia clean up incompatible accounts in their platforms. Online store accounts that selling unproven coronavirus (COVID-19) health equipment and suspicious medical prescriptions are being monitored. As stated by Tokopedia Vice President of Corporate Communication, Nuraini Razak, it will permanently close thousands of accounts that have …

Two Indonesian start-ups, participate to help deal with the new coronavirus disease (COVID-19) in Indonesia that is now in very critical level. They collaborate with the Indonesian Ministry of Health to launch an innovative telemedicine service called “Check COVID-19”. “The telemedicine solution offered is immensely helpful for the Indonesian health system in screening patients at risk for COVID-19,” Secretary General …

Head of Operations Office of PT Aplikasi Karya Anak Bangsa (Gojek), Hans Patuwo said that the company has prepared an Income Assistance Program scheme for the drivers who are positively infected by Covid-19, which they cannot work and must get treatment. Not only that, in order to relieve ojol partners who are undergoing maintenance, his side will stop a number …

Minister of State-owned enterprises (SOEs) Erick Thohir has confirmed that six SOEs listed on the Indonesian Stock Exchange will buy back their shares. This step is in efforts to shore up the domestic money market amid the coronavirus outbreak. “We are processing (proposals for) share buyback at the stock exchange. But, for the time being, I have only allowed six …

Coordinating Minister for Economic Affairs Airlangga Hartarto begin launching the Pre-Employment Card (Kartu Pra kerja) on Friday (3/20/2020). The card will be trialled amid conditions of the spread of Covid-19 in Indonesia which threatens a number of employees experiencing Termination of Work (PHK). Considering the current conditions are still not conducive enough, this trial will be carried out by online …

Immigration authorities have moved to quell rumours of impending border checkpoint closures which had prompted Cambodians to cross into Thailand to buy bottled water. Arthit Yakaew, chief of the Aranyaprathet border checkpoint, on Friday denied that the ongoing Covid-19 outbreak would force the border crossing at Aranyaprathet and Ban Khao Din in Khlong Hat district to close. He dismissed the …

The Thai Chamber of Commerce is calling on the government to come up with urgent measures to help “salarymen” after many companies initiated 15-day leave programmes without pay. The group is also asking for cooperation from its members that are struggling from the adverse impact of the coronavirus outbreak to retain their more than 10 million employees as long as …

The Director General of Customs and Excise of the Ministry of Finance Heru Pambudi issued Circular No. SE-04 / BC / 2020 on March 17, 2020, which regulates the release of ethyl alcohol excise as a raw material for making hand sanitizers to antiseptics in order to accelerate the prevention of Corona virus in Indonesia. “To provide convenience in making …

There will be a new policy that being drafted in Presidential Regulation (Perpres) related to the national health insurance program or BPJS Kesehatan. The Indonesian government also drafting policy specifically support efforts in dealing with the coronavirus infection or COVID-19. This was said by Finance Minister Sri Mulyani Indrawati. “We will immediately draw up a presidential regulation to provide certainty …