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ADB: MSMEs Key to Southeast Asia’s Post COVID-19 Recovery

JAKARTA (TheInsiderStories) - Strengthening the dynamics of micro, small, and medium enterprises (MSMEs) with innovation and internationalization will be key to revitalizing Southeast Asian economies devastated...

ADB Gives US$500M Emergency Funds for Indonesia

JAKARTA (TheInsiderStories) - The Asian Development Bank (ADB) has approved a US$500 million loans for Indonesia to boost an emergency financing caused by natural hazards and...

ADB: Indonesia’s Economy to Contracts 1% in This Year

JAKARTA (TheInsiderStories) — Indonesia’ economy is forecast to contracts by 1.0 percent in this year amid the pandemic before rebounding to 5.3 percent in 2021,...

Indonesia Get Loans US$1B from AIIB to Battle the Virus

JAKARTA (TheInsiderStories) - Indonesia get loan facilities US$1 billion from the Asian Infrastructure Investment Bank (AIIB) to support the government’ virus battle, said the agency on...

Developing Asia to Grow Just 0.1%, Indonesia Contraction 1.0%

JAKARTA (TheInsiderStories) - Developing Asia will barely grow in 2020 as containment measures to address the COVID-19 pandemic hamper economic activity and weaken external demand. The...

ADB Approves Loan Facility US$300M for Geo Dipa Energi

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) has approved a US$300 million loan to help PT Geo Dipa Energi, an Indonesian state-owned company, expand...

ADB: COVID-19 Economic Impact Could Reach $8.8T Globally

JAKARTA (TheInsiderStories) - Asian Development Bank (ADB) sees that COVID-19 pandemic would result in global losses of up to US$8.8 trillion, or 9.7 percent of...

ADB Approves US$1.5B for Indonesia’s COVID-19 Response

JAKARTA (TheInsiderStories) - The Asian Development Bank (ADB) approved US$1.5 billion in financing to support Indonesia’ efforts to alleviate the impact of the COVID-19 pandemic on...

Indonesia Seeks Fund US$7B from Multilateral Agencies

JAKARTA (TheInsiderStories) - After raised fresh funds from the global bond issuances, now Indonesia looking a multilateral loans around US$7 billion, said the central bank...

Countries Has Proposed Grants from Multilateral Agencies

JAKARTA (TheInsiderStories) - After the multilateral agencies announces the loan facilities program for develop and poor countries to overcome the COVID-19 outbreak with total amount...

ADB Announces US$6.5B Initial Response to Pandemic

JAKARTA (TheInsiderStories) - The Asian Development Bank (ADB) today announced a US$6.5 billion initial package to address the immediate needs of its developing member countries to...

IMF Prepares US$50B to Address the Impact of Coronavirus

JAKARTA (TheInsiderStories) - International Monetary Funds (IMF) makes available US$50 billion to help address the impact of coronavirus, said the managing director yesterday (03/04). The...

ADB Pledges Loan Budget US$2.7B for Indonesia

JAKARTA (TheInsiderStories) - The Asian Development Bank (ADB) is committed to raising the loan budget to Indonesia from last year worth of US$ 1.7 billion...

Morning Briefing: Global Market Losses Over US$3B Caused of Coronavirus

JAKARTA (TheInsiderStories) - Good Morning! In the face of constant selling pressure, many investors are hoping the Federal Reserves will ride to the rescue or do...

ADB Investing Over US$1B to Help Pacific’s Renewable Energy Transition

JAKARTA (TheInsiderStoriess) — The Asian Development Bank (ADB) will invest over US$1 billion worth of energy projects in the Pacific from 2019 to 2021, said...

Developing Asia Needs to Invest More Than 5% of GDP for...

JAKARTA (TheInsiderStories) — Developing Asian countries need to invest more than 5 percent of their gross domestic product (GDP) over the next decade to...

ADB’s US$500M Loan to Support Fiscal, Public Expenditure in Indonesia

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) has approved a US$500 million policy-based loan to support Indonesia’ fiscal, public expenditure management reforms, and...

ADB Disburses US$100M Loans for Indonesia

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) has approved a US$100 million financial intermediary loan to Indonesia, to help catalyze private sector investments in...

Global Trade Finance Gap US$1.5T, ADB Says

JAKARTA (TheInsiderStories) - The global trade finance gap remained around US$1.5 trillion hampering efforts to provide important jobs and growth amid ongoing economic uncertainty,...

ADB Prepares US$3B to Support Indonesia’s Power Projects Until 2021

JAKARTA (TheInsiderStories) — Asian Development Bank (ADB), is planning to provide about US$3 billion funds between 2019 and 2021 to help the government' power sector, mainly...

Indonesia’s DAMRI to Spend US$150M for Electric Cars

JAKARTA (TheInsiderStories) - Indonesia' oldest car company, Djawatan Angkoetan Motor Repoeblik Indonesian, or well-known as DAMRI prepared funds around US$150 million to replace 500 diesel buses...

ADB: Asia and Pacific Growth Steady Amid Global Trade Tensions

JAKARTA (TheInsiderStories) - Developing Asia will maintain strong but moderating growth over 2019 and 2020, as supportive domestic demand counteracts an environment of global trade tensions,...

Indonesia Raises Infrastructure Investment Funds US$429B by 2024

JAKARTA (TheInsiderStories) - Indonesian government increased infrastructure investment needs worth US$429.7 billion during 2020-2024, rise up 20 percent compared to $359.2 billion in 2015-2019,...

ASEAN Strives for Leading Role in the Fourth Industrial Revolution

JAKARTA (TheInsiderStories) - Association of Southeast Asian Nations (ASEAN) grows economically at an average of 5.4 percent annually, way above global rates, attracting many...

Weekly Briefing: Focus on the G20 Meeting, Constitutional Court Decision on...

JAKARTA (TheInsiderStories) - Good Morning! This week the world' center will be on the Group of 20 (G20) meeting in Osaka, Japan. The summit on June...

Asia’s Bond Market Expanding Amid Moderating Global Growth

JAKARTA (TheInsiderStories) - The local currency bond markets in emerging East Asia continued to expand over the first quarter of 2019 despite moderating global...

Morning Briefing: Indonesia, Japan Strengthening Economic Cooperation

JAKARTA (TheInsiderStories) – Good morning! Indonesian government paid a visit to Japan to enhance bilateral cooperation in the economic sector, including increasing investment in...

Indonesia Gets Funding of US$2.6B from ADB to Support Infrastructure Projects

JAKARTA (TheInsiderStories) – Indonesian government received an fresh funding from the Asian Development Bank (ADB) worth of US$2.6 billion to support strategic infrastructure projects...

ADB Finances Jawa-1 Power Plant Power Plant in Indonesia

JAKARTA (TheInsiderStories) - The Asian Development Bank (ADB) announced the first drawdown of funds under a private sector financing package totaling more than US$305 million invested...

ADB: Asia’s Economies Slowing Down in 2019, 2020

JAKARTA (TheInsiderStories) - Asian Development Bank (ADB) forecasted the declining of gross domestic product (GDP) growth for developing Asia, from 5.9 percent in 2018...