JAKARTA: Indonesia’s government said on Friday it has significantly improved the distribution of social assistance to the poor to cushion the impact of the Covid-19 coronavirus pandemic. Febrio Kacaribu, the head of the finance ministry’s fiscal policy office, said surveys by the World Bank showed there has been major improvement in distribution of aid and […]
Read MoreIndonesian carmakers are looking at the export market to boost sales and increase factory utilization rates as the COVID-19 pandemic is projected to continue wreaking havoc on the domestic car market. Association of Indonesian Automotive Manufacturers (Gaikindo) secretary-general Kukuh Kumara said on Monday that the country’s carmakers were working with the Trade Ministry, Industry Ministry […]
Read MoreIndonesian peer-to-peer (P2P) fintech firms have reported an increase in bad loans to 7.99 percent in July as many borrowers have lost their sources of income due to the COVID-19 crisis, the Indonesian Fintech Lenders Association (AFPI) has stated. The proportion of defaulted loan after 90 days has continuously worsened since March, when it stood […]
Read MoreCargo ships returning empty from destination ports is a core challenge for the government’s so-called maritime highway five years after its initiation, officials and experts say. The maritime highway program subsidizes shipping on certain routes for the distribution of basic and important consumer goods as well as steel and cement to remote regions of the […]
Read MoreBank Indonesia (BI) will maintain its accommodative monetary policy to help the economy recover from a projected annual economic contraction this year, the country’s first such contraction since the 1998 Asian financial crisis, a central banker said on Wednesday. BI deputy governor Dody Budi Waluyo said the country’s economic recovery had been limited to certain […]
Read More[JAKARTA] Bank Indonesia’s (BI) policy will remain accommodative to help South-east Asia’s largest economy recover from the impact of the coronavirus pandemic, Dody Budi Waluyo, the central bank’s deputy governor, said on Wednesday. The recovery has so far been limited to some sectors, “incomplete and uneven”, and loan growth has been slow due to weak […]
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