indo02
Read More

Indonesia: Social protection, food supply crucial to prevent unrest amid pandemic: Economists

The government’s ability to provide social protection and ensure undisrupted food supply will be crucial in preventing social unrest as the COVID-19 pandemic is expected to hit households and workers hard, economists have warned. Former Finance Minister Chatib Basri said the government should be able to provide cash transfers for affected citizens, adding that it would need […]

Read More
indo01
Read More

Indonesia: Budget cuts, furloughs inevitable for start-ups to survive pandemic: Investors

Investors have advised start-ups to start cutting their budgets, furloughing some employees and even laying off others to survive the COVID-19 pandemic, which will likely hit the economy hard. According to Dimitra Taslim, an investor at California-based venture capital company GGV Capital, start-ups could begin with slashing perks such as travel allowances and free food while opting for […]

Read More
indo08
Read More

COVID-19: Indonesian banks face challenging time but hopes remain

The spread of COVID-19 is expected to hit Indonesian banks’ performance this year, but analysts remain hopeful that the industry will still be resilient enough to face the challenges the pandemic is bringing to the economy. Moody’s Investors Service has downgraded Indonesia’s banking industry outlook, along with 11 other countries in the Asia Pacific region, to negative […]

Read More
indo04
Read More

Indonesia’s coal consumption may fall 5 percent as virus spreads: Energy ministry

The government expects domestic coal consumption to fall as much as 5 percent this year due to lower coal-fired power plant activity in the virus-ridden economy. The Energy and Mineral Resources Ministry said on Thursday that consumption was projected to reach around 147.25 million tons this year “if the COVID-19 pandemic continues,” down from an initial Domestic Market […]

Read More