Economy

Economist at the Institute for Development of Economics and Finance (INDEF), Bhima Yudhistira considered the government to be late again in dealing with stock availability and price stability of garlic. According to Bhima, the government was less alert in arresting unscrupulous garlic hoarders. Bhima assessed this scarcity occurred since January which means that before the corona virus outbreak spread. The …

All national banks are asked to reduce their lending rates to reduce the impact of the spread of the corona virus or Covid-19. This was confirmed by the Coordinating Minister for Economic Affairs Airlangga Hartarto in Jakarta on Thursday (5/3). According to Airlangga, the government has held joint meetings with Bank Indonesia, the Financial Services Authority (OJK) and banking companies …

The Coordinating Minister for Economic Affairs, Airlangga Hartarto, said that the government plans to provide a tariff cut of 500 raw material importers. This was done in order to boost the performance of the industry which was hit by the corona virus (Covid-19). Airlangga said on Tuesday (3/3) night, this was still in the process of coordination with other technical …

Chinese and Japanese investors will compete to enter Indonesia in the future. This was conveyed by the Investment Committee Member for the Communication and Information Sector of the Investment Coordinating Board (BKPM) Rizal Calvary Marimbo, in Jakarta, Monday, (2/3). Rizal explained, Japan as one of the leading investors in Indonesia. For that, it is not easy to defend. Especially at …

The public is advised to not purchase large amounts of products or panic buying due to fear in the wake of first Covid-19 or coronavirus confirmed cases in Indonesia,two positive women in Depok, East Java, on Monday, March 2. This was stated by the Association of Indonesian Retailers (Aprindo) Head Roy Mandey. “Such excessive acts will create new unnecessary panic …

The Saudi Arabian government decided to temporarily suspend the arrival of Umrah pilgrims from outside his country. This was revealed by the Foreign Ministry of Saudi Arabia on Thursday local time. The temporary suspension decision is an attempt by the Saudi Arabian government to prevent the spread of the corona virus. The suspension was based on the recommendation of the …

The Saudi Arabian government suspended the arrival of pilgrims from all countries, including Indonesia. This has done to prevent the spread of the corona virus in the fifth largest country in Asia. This decision was announced by the Ministry of Foreign Affairs of Saudi Arabia, Thursday (02/27/2020) local time on the recommendation of the Saudi Ministry of Health. The Chairperson …

CT Corps Chairman Chairul Tanjung talked about global and domestic economic conditions at the CNBC Indonesia Economic Outlook 2020. According to him, one thing to watch out for at home is the scandal and the Jiwasraya case. “Now we have a new virus in the country called Jiwasraya virus,” Chairul Tanjung, who is commonly called CT, said in his speech …

The Minister of Finance, Sri Mulyani, responded to the lifting of Indonesia from the list of developing countries by the United States (US) by saying that it did not have to cause excessive fear, but instead had to boost Indonesia’s competitiveness. “Indonesia has so far been included as a middle-ranked country, so indeed it must continue to increase competitiveness,” she …

Customs-cleared exports in January unexpectedly rose for the first time in six months, increasing 3.35% from a year earlier, boosted by higher shipments of gold and oil-related products, the commerce ministry said on Monday. January’s figures compared with a Reuters poll forecast for a fall of 3.0% in shipments, a main driver of Thai growth, and against December’s 1.28% drop.  …