Indonesia’s imports have fallen for 10 consecutive months in April as manufacturing companies cut production output while consumer demand continues to shrink amid the COVID-19 pandemic, signaling cooling economic activity going forward. The country recorded US$12.54 billion in imports in April, an 18.58 percent drop from the same period last year. Imports of consumer goods […]
Read MoreThe government is mulling over a plan to begin reopening the economy in five regions, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has said. The regions include two provinces, namely Yogyakarta and tourist hotspot Bali, as well as Batam and Bintan Island in Riau Islands and Manado in North Sulawesi. Of the over 16,000 […]
Read MoreIndonesia’s foreign debt growth slowed down in the first quarter as foreign investors sold off Indonesian assets over fears of the COVID-19 pandemic, Bank Indonesia (BI) announced Friday. The country’s external debt, which includes borrowing by both the government and the private sector, was recorded at US$389.3 billion, a growth of 0.5 percent year-on-year (yoy). […]
Read MoreIndonesia’s trade balance swung back to a trade deficit of US$350 million in April on the back of falling commodity prices and plummeting global demand amid the COVID-19 pandemic, Statistics Indonesia (BPS) has announced. The economy posted $12.19 billion worth of exports in April, a decrease of 7.02 percent year-on-year (yoy) and the sharpest fall […]
Read MoreThe government should boost economic recovery spending to Rp 600 trillion (US$40.17 billion) to help businesses cope with the economic impacts of the COVID-19 crisis, as many businesses only have enough cash flow to maintain their operations for the next two months, a business lobby group has said. Indonesian Chamber of Commerce and Industry (Kadin) […]
Read MoreThe Association of Media Companies and Profession said Thursday that media companies might need a relief package to help with paper procurement and utility bills to survive the unfolding COVID-19 pandemic. The association, representing 12 member organizations including the Alliance of Independent Journalists (AJI) and the Press Council, called for the government to subsidize 20 […]
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