Indonesia’s economic growth slowed sharply in the first quarter of the year, amid expectations the coronavirus pandemic will take an even heavier toll on Southeast Asia’s biggest economy in months ahead. Gross domestic product rose 2.97% in the first quarter from a year ago, the statistics office said Tuesday. That was worse than the median […]
Read MoreIndonesia’s volume of domestic and international airfreight has dropped 39 percent from the average rate as the majority of airlines ground aircraft due to the COVID-19 outbreak, Indonesian National Air Carrier Association (INACA) data shows. The association recorded a domestic freight volume of 13,558 cargo ton kilometers (CTK) and an international freight volume of 111,464 […]
Read MoreThe government’s new preemployment card program, a mix of cash aid and training subsidy for unemployed workers, needs to be converted to full-fledged cash aid that will be more relevant for laid-off and furloughed workers, experts say. Perbanas Institute economist Piter Abdullah told The Jakarta Post that preemployment card recipients would find it difficult to find jobs […]
Read MoreTrade Minister Agus Suparmanto has asked traditional markets across the country to remain open to prevent sellers from incurring losses caused by the government’s social restriction measures to slow the spread of COVID-19. Sellers at traditional markets in 285 cities and regencies recently reported that their revenues had fallen 39 percent while retailers have seen a 90 […]
Read MoreIndonesia’s top fuel distributor, state-owned Pertamina, is offering a Ramadhan holiday fuel promotion for purchases of unsubsidized fuels amid the COVID-19 pandemic that has impacted people’s purchasing power. Pertamina’s latest promotion, which will run until May 31, grants customers a 30 percent discount of up to Rp 20,000 (US$1.32) when paying for unsubsidized fuels using […]
Read MoreIndonesia’s exports of agricultural commodities have continued despite logistical disruptions caused by measures to contain the COVID-19 pandemic. The Agriculture Ministry officially dispatched a shipment of 94,000 tons of agricultural commodities including mangosteen, ornamental plants, coconut water, nutmeg and cloves last week to 43 countries in Asia and Europe through the country’s nine main ports. […]
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Thailand
