Govt expects GDP growth near 5% in 2021 as pandemic still haunts economy

The government expects Indonesia’s economy to grow between 4.5 percent and 5.5 percent in 2021 as it assumes the COVID-19 pandemic will still...

Promise of future prosperity fades as austerity hits Saudis’ pockets

Saudi Arabia's austerity drive will squeeze a private sector vital to its plan to diversify away from oil and may cost its powerful crown...

IMF chief says growth forecast cuts ‘very likely’ as coronavirus hits economies hard

International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday it was "very likely" the Fund would cut global growth forecasts further as the...

House approves revised Mining Law amid outcry

As the country grapples with the COVID-19 crisis, lawmakers have approved a controversial revision of the 2009 Coal and Mineral Mining Law, despite outcry...

Raw materials coming from India to produce COVID-19 medicine

State-owned firms have received COVID-19 medicine and raw materials from India to help treat infected patients in the country. Arya Sinulingga, an aide to State-Owned...

What about the others? ‘Ojol’ relief sparks concerns over aid inequality

The government’s assistance for Indonesia’s estimated 4 million ojol (app-based motorcycle taxi) drivers, who are among the informal workers most affected by , have...

IMF, World Bank roll out all their lending tools

The IMF and World Bank have aggressively pushed out financing to help countries deal with the health and economic impacts of the coronavirus pandemic. Here...

Boeing to restart Washington state commercial plane manufacturing

Boeing workers return to their jobs starting next week to resume building commercial planes in Washington state for the first time since the plant...

Everything on the table to attack virus’ economic damage: IMF

The severe economic crisis ignited by the coronavirus pandemic requires the rapid deployment of every available financial lifeline to help countries survive, IMF chief...

China’s economy shrinks for first time in decades as virus hits

China’s economy recorded the first contraction in decades in the first quarter as the coronavirus outbreak shut down large parts of the world’s second-largest...

Bank Indonesia to relax credit card regulations to fuel virus-battered economy

Bank Indonesia (BI) will relax rules on , including lowering the maximum interest rate and late payment penalty, to boost cashless transactions and fuel...

Only 200,000 of 5.9m applicants accepted in first batch of pre-employment card program

The pre-employment card program, established by the government to help unemployed people find new jobs, attracted 5.9 million applicants during its first phase...

Another Rp 1.8 trillion allocated to secure food supplies, help farmhands

In addition to a number of social safety nets provided by the Social Affairs Ministry and other government institutions, the Agriculture Ministry has allocated...

Freelance workers sell belongings to survive amid COVID-19 outbreak

Freelance workers in the creative industry are resorting to loans to survive the economic downturn brought about by the COVID-19 pandemic, as they lack...

Small businesses cry for lifeline as government aid underway

Some 37,000 small and medium enterprises (SMEs) have reported difficulties to the government, crying for help as government aid has yet to reach their...

Indonesia records first-quarter budget deficit of $4.9b

Indonesia’s state budget deficit fell to Rp 76.4 trillion (US$4.94 billion) in the first quarter of 2020 as revenue grew significantly from a year...

BKPM issues over 4,000 permits for health-related firms in early April

The Investment Coordinating Board (BKPM), which manages the national online single-submission system for business permit requests, has issued 4,042 operational or commercial permits for...

Japan airlines keep many domestic flights despite few takers for seats

Japan's top airlines are operating at nearly half their domestic capacity even though the coronavirus outbreak has left seats on flights mostly empty, amid...

Devastated hotels, travel agents desperately await promised relief

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...

Companies keep doing business in Palu special economic zone despite outbreak

City-owned developer PT Bangun Palu Sulawesi Tengah (BPST), which oversees the development of the Palu Special Economic zone (SEZ) in Central Sulawesi, has reported that...

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