INDONESIA’S central bank is likely to be done with rate cuts for now, with the economy’s recovery to be supported by quantitative measures instead, said economists after Bank Indonesia’s Aug 19 decision to keep its policy rate unchanged at 4 per cent, in line with market expectations. Compared to previous rounds, the tone of the […]
Read MoreIndonesia is aiming to capitalize on the coronavirus crisis to roll out sweeping reforms in education, health care and social safety nets, says Finance Minister Sri Mulyani Indrawati, calling the pandemic a “short-term challenge” to the country’s vision. Sri Mulyani told The Jakarta Post in a live broadcast interview on Wednesday that proper education, health care and […]
Read MoreThe government is pinning its hopes on a growth rate of around zero percent this year as it struggles to spend a Rp 695.2 trillion (US$47 billion) stimulus budget to revive an economy reeling from the coronavirus pandemic. Finance Minister Sri Mulyani Indrawati said on Wednesday that economic growth could flatline at zero percent this […]
Read MoreThe Asian Development Bank (ADB) has pledged to double loan commitments to one of its biggest client countries this year to facilitate Indonesia’s economic recovery. The Manila-based lender usually committed US$1 billion to $2 billion each year for Indonesia, mostly in infrastructure projects, particularly those related to energy, said ADB country director Winfried F. Wicklein on Wednesday. […]
Read MoreIndonesia can expect more capital going into its start-ups in the future as the country already enjoys the highest flow of funds in Southeast Asia after Singapore, according to Sequoia Capital India. The digitalization of Indonesia’s economic activity was one of the growth areas for start-ups in the country. “Another good thing about Indonesia is […]
Read MorePresident Joko “Jokowi” Widodo announced on Wednesday that the government will disburse Rp 2.4 million (US$161) in cash aid to micro and small enterprises starting next week to support businesses amid the COVID-19 pandemic. “Starting next week, the government will disburse an emergency capital fund, or what is called productive presidential aid. It is worth Rp […]
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