As the government prepares a second fiscal stimulus package to support the economy, Finance Minister Sri Mulyani Indrawati warns that the economic impacts of the COVID-19 coronavirus outbreak will be far more complicated than that of the 2008 financial crisis.
Driven by the United States subprimeRead more..
Bank Indonesia (BI) has decided to lower bank reserve requirements to boost liquidity and stabilize the market amid heavy selling pressures in local financial markets as Indonesia reported its first cases of the coronavirus disease COVID-19.
Starting March 16, the requirement for banks to store theirRead more..
The International Monetary Fund and the World Bank on Monday said they stood ready to help member countries address the human and economic challenges of the fast-spreading coronavirus outbreak, including through emergency funding.
In a joint statement, the two institutions said they were focused especially onRead more..
The central bank and market players are expecting the worst in March as uncertainties surrounding the coronavirus drive volatility in stocks, bonds and foreign exchange markets.
Bank Indonesia (BI) Governor Perry Warjiyo said on Friday that he expected the coronavirus crisis to peak in February and March,Read more..
Fitch Solutions has revised the rupiah’s outlook for 2020 to 14,207 per US dollar from its initial projection of Rp 13,650, given the higher risks of a local coronavirus outbreak.
The revision comes on the back of rising headwinds faced by the Indonesian economy from the novel coronavirus diseaseRead more..