As many Indonesians have had to make peace with the disconcerting reality of self-quarantining to curb the spread of the novel coronavirus disease CIVID-19, members of the public have taken to digital crowdfunding to raise funds for various stakeholders involved in the mitigation of the globalRead more..
The rupiah touched levels unseen since the 1998 crisis on Wednesday as fears of a global recession over the rapid spread of COVID-19 prompts investors worldwide to dump financial assets.
The local currency depreciated around 0.3 percent to Rp 15,222 against the US dollar as of 12:52 p.m. Jakarta time, BloombergRead more..
Indonesia’s economic growth may drop to 4.5- 4.9 percent in the first quarter, with potential to further plunge in the second quarter, amid weakening economic activities driven by the spread of the novel coronavirus, the finance minister says.
Finance Minister Sri Mulyani Indrawati said WednesdayRead more..
The US Federal Reserve moved Tuesday to ensure the flow of credit to US companies, banks and even local governments amid a nationwide scramble for ways to blunt the economic fallout from the coronavirus crisis.
The Fed in the morning announced it would reopen the so-called Commercial Paper Funding Facility toRead more..
Tokyo stocks opened higher on Wednesday, extending rallies on Wall Street as the US and European governments signalled more stimulus measures to address the economic hit from the coronavirus.
The benchmark Nikkei 225 index was up 1.18 percent, or 201.06 points, at 17,212.59 in early trade, while the broaderRead more..