Tourist businesses are waiting for real action from the government to help them survive COVID-19, which has almost brought their industry to a halt. Representatives of hotel, restaurant and travel associations said none of the financial relief promised by the government for the devastated tourist industry had been realized. “We are waiting for real action […]
Read More[JAKARTA] An Indonesian maker of clothes for Prada and Armani is now producing millions of hazardous material suits after the government called for help fighting Covid-19. PT Pan Brothers, which also makes garments for Adidas, is pumping out jumpsuits along with millions of face masks each week, many of then headed to frontline workers. While […]
Read More[JAKARTA] Indonesia’s central bank will be prepared to buy government bonds in the primary market in two weeks, governor Perry Warjiyo told reporters on Friday, but reiterated that Bank Indonesia (BI) will buy bonds only as a last resort. BI and the government is currently smoothing out the technicalities for the policy, announced earlier this […]
Read MoreSome 37,000 small and medium enterprises (SMEs) have reported difficulties to the government, crying for help as government aid has yet to reach their bleeding operations, with some forced to close shop amid the pandemic. According to the Cooperatives and SME Ministry, most of the reports came from micro businesses, related to declining sales, funding, […]
Read MoreIndonesia’s trade surplus and relatively resilient export figures in March may not be sustained in the near future and reflects a raw material supply disruption that threatens the growth of local manufacturing businesses, economists say. Even though Indonesia recorded a US$743 million trade surplus in March with a slight contraction in export and import growth, […]
Read MoreThe State Logistics Agency (Bulog), a governmental body responsible for securing the staple food supply, plans to ask for an additional Rp 10 trillion (US$637 million) from the government to buy rice from farmers to augment rice stocks. The agency’s director of operations and public service, Tri Wahyudi Saleh, said in Jakarta on Wednesday that the […]
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Thailand
