Indonesia’s economy may shrink 3.5 percent this year should the large-scale social restrictions (PSBB) imposed by several regional administrations nationwide last for four months, according to a worst-case projection by the World Bank, as the government rushes to reopen the virus-battered economy.
Indonesia recorded “unusually” low inflation at the start of Ramadan in April as the COVID-19 pandemic reined in household spending, according to Statistics Indonesia (BPS).
The consumer price index (CPI) stood at 0.08 percent in April, much lower than the 0.44 percent recorded in the same monthRead more..
When Indonesia looked for new ways to fund government spending on coronavirus relief last month, the world’s fourth most-populous nation homed in on a driver of the economy that was still healthy: the internet.
“We decided to tax digital companies with an electronic transaction tax because theirRead more..
The dollar rose, oil fell and stock markets were poised to slip on Monday as rising US-China tensions over the coronavirus - and growing unease at the gulf between asset prices and grim economic reality - turned investors cautious.
In thin trade, with China and Japan on holiday, US stock futures fell 1.6Read more..
Indonesia’s total investment realization slightly increased in the first quarter of this year, but the global economic woes caused by the COVID-19 pandemic will likely reverse the investment trend in the rest of the year.
The Investment Coordinating Board (BKPM) reported that the country’sRead more..