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Indonesia: Prioritizing Economy Over Health Is a Mistake, Says Economist

TEMPO.CO, Jakarta – INDEF senior economist Faisal Basri in a virtual seminar on Friday said Indonesia’s key mistake in handling the COVID-19 pandemic was its initial approach that put the country’s economy over public health. “This mistake happened from the beginning. This prolonged the pandemic and it worsened because the economy was made a god-like figure and investments were worshipped,” said Faisal Basri in […]

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Indonesia records trade surplus of US$1.32 billion in June

It is a remarkable achievement that Indonesia’s trade balance has always been excessive in the last 14 months since May, 2020 until June, 2021. Jakarta (ANTARA) – Indonesia’s balance of trade registered a surplus of US$1.32 billion in June, 2021, with exports touching US$18.55 billion and imports valued at US$17.32 billion, the Central Statistics Agency (BPS) […]

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Indonesia state pharma delays plan to sell vaccines

JAKARTA: Indonesia’s state-owned pharmaceutical company PT Kimia Farma is delaying a plan to sell Covid-19 vaccines after public backlash against the move. The company will focus on preparing the programme first, said Ganti Winarno Putro, a spokesman for the company. Kimia Farma was earlier set to market Sinopharm Group Co shots, which were ordered for […]

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Indonesia c.bank slashes 2021 GDP outlook to 3.8%

JAKARTA: Indonesia’s central bank has cut its forecast for 2021 economic growth to 3.8% based on early assessment of the impact of recent coronavirus restrictions, from a previous forecast of 4.6%, its governor said on Monday. Southeast Asia’s largest economy has been battling the region’s worst COVID-19 epidemic, with cases and deaths climbing at an […]

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