Tag: COVID-19
Indonesia Sees the Economic Growth 4.5% - 5.5% in 2021
JAKARTA (TheInsiderStories) - Indonesian government expect the economic growth could rebound in 2021 between 4.5 to 5.5 percent of gross domestic products (GDP) after the...
China’s Foreign Trade Slumps 6.4% in 1Q of 2020
JAKARTA (TheInsiderStories) - China' foreign trade contracted less than expected in the first quarter (1Q) of 2020 affected by COVID-19, said the general administration of custom (GAC)...
Morning Briefing: ASEAN Summit Discusses COVID-19 Today
JAKARTA (TheInsiderStories) - Good Morning! The Special ASEAN Summit and the ASEAN Plus Three related to COVID-19 via video conference will be held today (04/44). President...
Indonesia Sees Domestic Coal Demand Could Drop 5% in 2020
JAKARTA (TheInsiderStories) - The Ministry of Energy and Mineral Resources (MEMR) sees the domestic coal demand could fall around 5 percent if the COVID-19 impact...
OPEC+ Agrees to Cut Output 9.7MBPD to Support Oil Prices
JAKARTA (TheInsiderStories) - Organization Petroleum Exporting Countries and its allies (OPEC+) agreed to cut oil output by 9.7 million barrels oil per day, representing around 10...
World Bank Group Prepares Funds US$160B Until 2021
JAKARTA (TheInsiderStories) - World Bank Group is prepared to deploy fast track support up to US$160 billion over the next 15 months, to help the countries fight...
IMF Hints the Global Economic Growth “Sharply Negative” in 2020
JAKARTA (TheInsiderStories) - Ahead of the Spring meeting, International Monetary Fund (IMF) managing director, Kristalina Georgieva warned, that the COVID-19 will turn global economic growth...
Weekly Briefing: OPEC+ Cuts Production, More Economic Data Out
JAKARTA (TheInsiderStories) - Good Morning! Oil cartel and allies led by Russia agreed to cut the output around 10 percent of global supply to support oil...
Morning Briefing: OPEC Meets Today, Powell Speaks on US Economy
JAKARTA (TheInsiderStories) - Good Morning! Organization of the Petroleum Countries and its allies will hold virtual meeting today with hope production cuts to stabilize the...
Moody’s Downgrades Jasa Marga Rating from Stable to Negative
JAKARTA (TheInsiderStories) - Moody's Investors Service has changed the outlook on the ratings of PT Jasa Marga Tbk (IDX: JSMR) to negative from stable. At the same time,...
Japan’s Largest-ever Stimulus Unlikely Offset a Sharp Economic Slowdown
JAKARTA (TheInsiderStories) - As the number of new COVID-19 cases has accelerated rapidly over the past 10 days in Japan, Prime Minister Shinzo Abe declared...
Indonesia Prepares Stimulus for Automotive Industry
JAKARTA (TheInsiderStories) - The ministry of industry has prepared economic stimulus for automotive industry to press COVID-19 impact in Indonesia. This policy was made to maintain...
Morning Briefing: Federal Reserve Minutes Arrives Today
JAKARTA (TheInsiderStories) - Good Morning! United States (US) Federal Reserve minutes arrive today. The minutes will cover two emergency meetings held by the committee on March...
Terawan Allows Jakarta “Lock” the City to Tackle COVID-19
JAKARTA (TheInsiderStories) - Indonesia' minister of Health Dr. Terawan Agus Putranto allowed Jakarta province to "lock" the city for temporary to tackle the COVID-19 outbreak. The...
S&P Global: COVID-19 Will Hit Indonesia’s Economy
JAKARTA (TheInsiderStories) - Global rating agency Standard and Poor’s (S&P) Global rated, the COVID-19 outbreak will hitting tourism, transport, trade, manufacturing, and investment in Indonesia....
Moody’s Assigns Baa2 Ratings to Indonesia’s Planned US Dollar Bonds
JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned Baa2 ratings to the proposed senior unsecured US Dollar notes to be issued by the Government of...
COVID-19 Patients in Indonesia Could Reach 95,000 in May
JAKARTA (TheInsiderStories) - Number of COVID-19' patients in Indonesia was expected to reach 95,000 people in May, said finance minister Sri Mulyani Indrawati. Based on the...
Indonesia Raises State Bond Issuances to US$62B in 2020
JAKARTA (TheInsiderStories) - Indonesia will raise the state bonds issuances around Rp999.6 trillion (US$62.47 billion) in this year from the initial targets Rp389.4 trillion, said finance...
Morning Briefing: Indonesia’s Consumer Optimism Drops in March
JAKARTA (TheInsiderStories) - Good Morning! Bank Indonesia reported March' consumer optimism stood at 113.8, lowers than previous month of 117.7. The consumer confidence index is stifled due...
Indonesia’s Economic Growth to Slow in 2020 on COVID-19 Impact
JAKARTA (TheInsiderStories) — Indonesia’ economy is expected only grow by 2.5 percent in 2020 amid the COVID-19 pandemic, down from 5.0 percent in 2019,...
COVID-19 Recession to be Deeper than 2008 - 2009
JAKARTA (TheInsiderStories) - This interim global forecast is the second prepared in March and is much more pessimistic than our March 17 regularly scheduled outlook. It...
Weekly Briefing: The Recession Haunts Many Countries
JAKARTA (TheInsiderStories) - Good Morning! The coming week sees more official data released to cover the month of March, but analysts are going to have to...
WHO Calls for Stronger Approach in Southeast Asia Region
JAKARTA (TheInsiderStories) – Amidst rapid spread of COVID-19 and continuing challenges, the World Health Organization (WHO) emphasized on a stronger whole of society and whole...
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...
Morning Briefing: BI Talks with US’s Fed on the Currency Swap
JAKARTA (TheInsiderStories) - Good Morning! Indonesia' central bank (BI) in talks with the United States (US) Federal Reserve on the potential currency swaps. Currently, the Bank has a...
Indonesia Officially Send Revise Budget to Parliament
JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati, officially sent the revision of 2020 State Budget to House of Representatives today (04/02). At the meeting...
Breaking: Jakarta Proposes Territorial Quarantine
JAKARTA (TheInsiderStories) - Jakarta province proposes territorial quarantine follows the increasing number positive cases of COVID-19 in the last few weeks, said the governor during...
Indonesia AirAsia Halts the International Operations Until May
JAKARTA (TheInsiderStories) - Indonesia AirAsia temporarily suspended all domestic operations starting April 1 to 21, 2020, and international routes until May 17, 2020 to support the...
Morning Briefing: Foreign Tourists Number Drops 30% in February
JAKARTA (TheInsiderStories) - Good Morning! Number of foreign tourists in Indonesia declined sharply due to the COVID-19 outbreak. The statistic bureau reported the number of arrivals...
Warjiyo Assesses the Current Rupiah Level is Sufficient
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) governor, Perry Warjiyo rated, the current Rupiah level is sufficient for the country. This morning the local exchange rate...