The National Air Carriers Association (INACA) and Padjadjaran University estimated that the international aviation industry will recover longer than domestic flights - Photo: Special

JAKARTA (TheInsiderStories) – Indonesian airlines will start to operates commercial flight after transportation ministry open the domestic travel yesterday. State-owned flight carrier, PT Garuda Indonesia Tbk (IDX: GIAA) announced will “fly” again today, PT Lion Mentari Airlines starting May 10, and PT AirAsia Indonesia Tbk to follow.

Since the government applied large-scale social distancing in April, the government banned all commercial transportations operated in the country to curb the spread of COVID-19. Beside airlines, the ministry also allows land and sea transportation back to business.

Chief of the COVID-19 task torce, Doni Monardo reported, a slowdown in the virus transmission rate due to increasing public awareness to protect themselves and their surrounding from the pandemic. The rate of new cases has declined by 11 percent, he said.

In spite of this, the government has no plans to relax the enactment of the large-scale social restriction policy, as he warned the potential for a second wave of the epidemic a number of countries are open.

From United States (US) trade deficit widened by almost 12 percent to $44.4 billion in March from $39.8 billion in February. Total export also declined from US$207.7 billion in February to $187.7 billion in March as the COVID-19 outbreak grounded international flights, froze the global tourism industry and massive disruptions in the exchange of goods.

Then, Imports fell 6.2 percent and deficit rose to $44.4 billion in March from $39.8 billion in February. The world largest economy also reported a surge in unemployment in private sector workers, which was laid off last April reached 20 million. This further underlines the economic impact of the epidemic.

In Asia, Bank Negara Malaysia has cut overnight policy rate by 50 basis points to 2 percent, the lowest since February 2009. The decision has been taken to curb the economy from the impact of COVID-19.

No important agenda today in Indonesia due to “Waisak Holiday”. The stock market also closed today and will open again on Friday.

On Wednesday, Indonesian Rupiah rose 0.56 percent to 14,995 a US Dollar and the Jakarta Composite Index corrected 0.46 percent to 4,508.79 compared to previous day.

May you have a profitable Day!

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia