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Blunting the Impact and Hard Choices: Early Lessons from China

JAKARTA (TheInsiderStories) - The impact of the coronavirus is having a profound and serious impact on the global economy and has sent policymakers looking for ways...

Coronavirus: Can Policymakers Avert a Trillion-dollar Crisis?

JAKARTA (TheInsiderStories) - The spread of the coronavirus is first and foremost a public health emergency, but its also a significant economic threat. The COVID-19 shock...

Trump Seeks “Big” Stimulus to Fight Coronavirus Effects

JAKARTA (TheInsiderStories) - United States (US) President Donald Trump announced a new economic stimulus and said he would take "major steps" to ease economic...

Coronavirus Will Hurt Economic Growth in Many Countries in 1H of...

JAKARTA (TheInsiderStories) - Moody’s Investors Service has revised its global macro outlook and its baseline growth forecasts for all G20 economies. The coronavirus outbreak has spread...

Morning Briefing: China Rolls Out Fiscal Stimulus

JAKARTA (TheInsiderStories) - Chinese President Xi Jinping chaired a leaders meeting to study the major tasks in preventing and controlling the coronavirus disease and stabilizing...

South Korea Announces US$9.8B Supplementary Budget to Combat COVID-19

JAKARTA (TheInsiderStories)- In response to the rapidly escalating COVID-19 crisis, the South Korean government has proposed a US$9.8 billion (11.7 trillion Won) supplementary budget with...

OECD: Global Economy Daces Gravest Threat Since the Crisis

JAKARTA (TheInsideStories) - The coronavirus presents the global economy with its greatest danger since the financial crisis. The COVID-19 is spreading from China to other regions causing...

Global Oil Prices Falls 23 Percent During 2020

JAKARTA (TheInsiderStories) - Global oil prices have fallen in line with growing concern over the transmission of the coronavirus and its impact on the economy....

Morning Briefing: Global Market Plunge for the Worst Since 2018’s World...

JAKARTA (TheInsiderStories) - Good Morning! Global shares plunge amid brutal selling by investor and headed for the worst week since the world financial crisis in 2019....

WHO: Coronavirus has Pandemic Potential

JAKARTA (TheInsiderStories) - The deadly coronavirus again makes global concerns but it has not yet developed into a pandemic, according to the World Health Organization (WHO). So...

G20 Calls Coordination Response to Coronavirus

JAKARTA (TheInsiderStories) - Finance leaders from the Group of 20 (G20) called for a coordinated response to the coronavirus (COVID-19) outbreak, which the International Monetary Fund...

Weekly Briefing: Center of the Week China’s Economic Data

JAKARTA (TheInsiderStories) - Good Morning! The first major data release out of China since the coronavirus outbreak out this week, with the February update of the...

ASEAN, China Discuss COVID-19 Effects to the Region

JAKARTA (TheInsiderStories) - Foreign ministers Association of Southeast Asian Nations (ASEAN) and China discussed the outbreak of the Coronavirus Disease 2019 (COVID-19) at the special meeting...

Coronavirus Effect, Indonesian Growth Could Drop Below 5%

JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati rated, the coronavirus effect could harm Indonesia and global economy. In the 2020 State Budget, the...

Xi Assures Mahathir to Minimize Coronavirus Impact

JAKARTA (TheInsiderStories) - After called Indonesian President Joko Widodo, Chinese President Xi Jinping also have a phone-called with Malaysia' Prime Minister Mahathir Mohammad on the novel...

Indonesia Officially Ban Live Animals Import from China

JAKARTA (TheInsiderStories) - To anticipate coronavirus outbreak, ministry of trade has officially temporarily stops live animals import from or have transited in China to Indonesia,...

Prolonged Coronavirus Outbreak Would Hurt APAC Bank Profitability

JAKARTA (TheInsiderStories) - Prolonged coronavirus outbreak would hurt Asia Pacific (ex-China) bank profitability and asset quality, says Moody's Investors Service in the latest report released today...

Xi, Widodo Discusses Fight Against Coronavirus

JAKARTA (TheInsiderStories) - Chinese President Xi Jinping spoke over phone with his Indonesian counterpart Joko Widodo on the coronavirus issues on Tuesday night (02/11), Xinhuanews...

Coronavirus Economic Shockwave Hits the APAC Aviation Industry

JAKARTA (TheInsiderStories) - The Asia Pacific commercial aviation industry is being hit by a massive economic shockwave from the escalating novel coronavirus crisis sweeping across the...

Governments Most Exposed to Economic Repercussions of Coronavirus Tend to Have...

JAKARTA (TheInsiderStories) - The coronavirus outbreak poses increasing risks to the growth outlook for a number of countries in particular in Asia Pacific, but that...

US’s Fed Monitoring Coronavirus Disruption

JAKARTA (TheInsiderStories) - United States (US) Federal Reserve (Fed) chairman, Jerome Powell, his office are  “closely monitoring” the coronavirus for disruptions “that could spill over to...

Pangestu Sees Coronavirus Could Drag Indonesian Economy

BOGOR (TheInsiderStories) - The new World Bank' managing director, Mari Elka Pangestu, rated that the coronavirus has the potential to drag Indonesia' economic growth to less...

Impacts of Coronavirus Containment Effort Ripple Through Global Economy

JAKARTA (TheInsiderStories) - Coronavirus will have a larger negative effect on the global economy than the SARS outbreak in 2003, said IHS Markit reported today (02/07)....

China Plans to Halve American Goods Tariffs

JAKARTA (TheInsiderStories) - Global stocks extended their recovery following encouraging economic data and after China announced a cut in tariffs on some imported goods from the...

Indonesia Set Thermal Coal Price US$66.89/MT

JAKARTA (TheInsiderStories) - Indonesian government set its February' thermal coal reference price at US$66.89 a metric ton (MT), up 1.5 percent compared to January at $65.93/MT...

Indonesia Responds China’s Complaints on Temporary Travel, Import Ban

JAKARTA (TheInsiderStories - President of Indonesia, Joko Widodo, said that the country' policies in suspending flights from China and temporarily curb imports has been taken to protect national interests,...

Oil Prices Climbs After OPEC, Allies Considers Further Cut Output

JAKARTA (TheInsiderSTories) - After dropped below US$50 a barrel on Tuesday, oil price boosted by the Organization of the Petroleum Exporting Countries (OPEC) and its allies...

Morning Briefing: Indonesia Temporally Stop Import from China

JAKARTA (TheInsiderStories) - Good Morning! Indonesia' trade minister, Agus Suparmanto, said that he would temporarily stop the process of importing food and beverage products from China...

China’s Stock Markets Slump on Wuhan Virus Black Swan Economic Impact

JAKARTA (TheInsiderStories) - Asian stock markets were a sea of red as mainland Chinese stock markets plunged after reopening at the end of the Lunar New...

Indrawati: China’s Economy Will Be Influenced by Coronavirus

JAKARTA (TheInsiderStories) - Finance Minister of Indonesia, Sri Mulyani Indrawati, sees China’ economic growth will affected by the coronavirus and could drop below 6 percent in...