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ADB Loans PLN US$600M to Expand Energy Access in Eastern Indonesia

JAKARTA (TheInsiderStories) - The Asian Development Bank (ADB) has approved a US$600 million loan to help the state-run power producer PT Perusahaan Listrik Negara (PLN), to...

Warjiyo: Indonesia’s Economy Will Be Positive in 4Q of 2020

JAKARTA (TheInsiderStories) - Governor of Bank Indonesia (BI), Perry Warjiyo, optimistic that the economic growth will return to a positive in the fourth quarter (4Q) of...

Japan’s Real GDP Surges, But Resurgence of COVID-19 Could Weigh on...

JAKARTA (TheInsiderStories) - Japan’ real economic growth rebounded by 5.0 percent in the third quarter (3Q) of 2020 compared to previous quarter or rose 21.4 percent...

Indonesia’s GDP Contractions 3.49% in Third Quarter

JAKARTA (TheInsiderStories) - Statistic bureau reported Indonesian economic growth contracted 3.49 percent in third quarter of 2020 compared to same period in 2019. The number...

Widodo Sees Indonesia’s GDP Still Contraction 3% in 3Q

JAKARTA (TheInsiderStories) - President Joko Widodo sees Indonesia' economic growth still contraction over than 3 percent in the third quarter (3Q) of 2020. But, the...

Engines Not Yet in Sync in Asia, Needs Multispeed Recovery

JAKARTA (TheInsiderStories) - The COVID-19 pandemic is still unfolding around the globe, said International Monetary Fund in the latest report. In Asia, as elsewhere, the virus...

Chinese Economy Recovery to 4.9% in 3Q of 2020

JAKARTA (TheInsiderStories) - Chinese economy grew 4.9 percent in the third quarter (3Q) of 2020, but pointing the challenges for COVID-19 shocked still shadowed until...

IMF Revises Down Indonesia’s Economic Growth to -1.5%

JAKARTA (TheInsiderStories) - The International Monetary Fund (IMF) revised down the projection of Indonesia' economic growth from 0.5 percent in June to contraction 1.5 percent by...

IHS Markit: US GDP to Contract 3.5% in 2020

JAKARTA (TheInsiderStories) - United States (US) economy to pass pre-pandemic peak in late 2021, regain full employment in 2023, said Joel Prakken and Chris Varvares from IHS...

World Bank Revises Down Indonesia’s GDP, EAP Still Grow 0.9%

JAKARTA (TheInsiderStories) - The World Bank sees Indonesian economy will contraction around 1.6 percent to 2.0 percent in this year due to the COVID-19 pandemic. Earlier the multilateral...

Bank Mandiri: Indonesia’s Economy to Contracts 2% in 2020

JAKARTA (TheInsiderStories) - The economist from PT Bank Mandiri Tbk, Andry Asmoro, sees that Indonesian economic growth will be contractions around 1 to 2 percent of...

Breaking: Indonesia Enters the Recession Period

JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati said Indonesia' economic growth in the third quarter (3Q) of 2020 still in the negative territory...

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,...

Moody’s Sees Indonesian Economy Lowering to 3.9% in 2020

JAKARTA (TheInsiderStories) - Moody's Investors Service sees Indonesian economic growth will ended at 3.9 percent of gross domestic products (GDP) in this year, said the agency...

Indrawati Sees Indonesian Economy Contracts 2% in 3Q

JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati sees Indonesian economic growth will contraction 2 percent in the third quarter (3Q) of 2020. For the...

US’s Fed Hold the Rate, Lowers Economic Growth Outlook

JAKARTA (TheInsiderStories) - United States (US) Federal Open Market Committee (FOMC) agreed to hold the Fed Fund Rate (FFR) at the current level near to zero percent,...

Japan Records the Worst Contraction in History

JAKARTA (TheInsiderStories) - The Japanese economy recorded the worst contraction in history caused the COVID-19. Based on preliminary data from the cabinet office released...

Indrawati Revises Down Economic Growth -0.2% to -1.1% in 2020

JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati has revised Indonesian economic growth targets in 2020 in the range of -0.2 to -1.1 percent of gross...

Hartarto: Indonesia’s Economy to Contract 0.49% in This Year

JAKARTA (TheInsiderStories) - Senior economic minister, Airlangga Hartarto sees that Indonesian economy will contracts 0.49 percent in 2020 due to the impact of the pandemic. In...

US Forecast Update: 2Q Worst Quarter on Record Despite Fiscal Support

JAKARTA (TheInsiderStories) - IHS Markit sees United States (US) economic growth in 2020 could contraction around 4.8 to 6.1 percent, it said in the latest...

IMF: US’s Economy has the Potentials to Contract 6.5% in 2020

JAKARTA (TheInsiderStories) - The economic outlook in United States (US) has shifted dramatically with the rapid spread of COVID-19, said the International Monetary Fund (IMF) in...

Singapore Enters Recession, the Economic Growth Fell to 13.2%

JAKARTA (TheInsiderStories) - Singapore' economic growth fell to 13.2 percent in the second quarter (2Q) of 2020 due to the circuit breaker measures that were implemented from April...

Fitch Forecasts Indonesian Economy Contraction 2% in 2020

JAKARTA (TheInsiderStories) -  Fitch forecasts economic activity in Indonesia will contract by 2 percent in 2020, largely attributable to the impact of the coronavirus. The contraction...

Indonesia’s Consumer Confidence Index Improves in July

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported the Consumer Confidence Index (CCI) on economic conditions improved to 86.2 in July 2020 from last month at 83.8. Even...

Indonesian Govt Pushes Spending to Boost the Economy

JAKARTA (TheInsiderStories) - After experiencing a contraction in the second quarter of 2020, Indonesian government will take an extraordinary steps to boost the economy...

Alert! Indonesia is in Technical Recession, GDP Contracts 5.32% in 2Q

JAKARTA (TheInsiderStories) - The statistics bureau reported Indonesia' economic growth plunged to 5.32 percent in the second quarter of 2020 compared to last year, said...

IHS Markit: US GDP to Contract by a Historic 35.3% in...

JAKARTA (TheInsiderStories) - IHS Markit estimated, the United States (US) economy fell at a 35.3 percent in the second quarter, which subtracts about 25 percentage points from...

Japan’s GDP Looks Shrink to 4.5%, Fitch Revises This Year Outlook

JAKARTA (TheInsiderStories) - Japan' economy could contracts 4.5 percent in this year due to the pandemic, said some observers. While, Fitch Ratings has revised its outlook...

Indonesian Govt Provides Working Capital Loans to Corporations

JAKARTA (TheInsiderStories) - The government Indonesia is providing support for corporations involved in labor-intensive projects in the form of working capital loans. The support...

Indonesian Govt Widens 2021 State Budget’s Deficit to 5.2%

JAKARTA (TheInsiderStories) - President Joko Widodo has decided to widens the 2021 State Budget' deficit from 4.17 of gross domestic products (GDP) to 5.2...