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US Congress’s Aid Packages US$380M Unused, Trump Signs Healthcare Plan

JAKARTA (TheInsiderStories) - United States (US) Federal Reserve (Fed) chair Jerome Powell and treasury secretary Steven Mnuchin, reported as much as US$380 billion from the Congress'...

Indonesia’s Public Works Ministry Prepares US$10B

JAKARTA (TheInsiderStories) - Public works and public housing prepared funds amounting to Rp149.81 trillion (US$10.12 billion) to support the infrastructure projects in Indonesia. The government...

Morning Briefing: Various Things to Know on Thursday

JAKARTA (TheInsiderStories) - Good Morning! President of United States (US), Donald Trump, is willing to sign a US$1.3 trillion aid bill from initial plans $1 trillion...

Morning Briefing: Various Things to Know on Wednesday

JAKARTA (TheInsiderStories) - Good Morning! For the first time, Indonesian President Joko Widodo delivered his speech at the United Nations. At the meeting, he urged the...

Morning Briefing: Most of Global CBs Hold the Rates

JAKARTA (TheInsiderStories) - Good Morning! Indonesia, United States (US), Japan, Taiwan, and Brazil left their benchmark rates and other tools unchanged in their latest meetings. Bank...

Morning Briefing: BI’s Monetary Policy Out Today

JAKARTA (TheInsiderStories) - Good Morning! Board of governor of Bank Indonesia (BI) has an agenda to announced their latest monetary policy after hold the seven...

Japan’s Export Slumps 14.8% in August, Enter the Recession

JAKARTA (TheInsiderStories) - Japan posted a double-digit slump of export in August due to a global slowing demand, dropped for the 21st straight month, the ministry of...

Indonesia Prepares the Constructions of Eight Toll Roads

JAKARTA (TheInsiderStories) - Indonesian government has prepared the construction of eight new toll roads to connect the strategic areas and growth centers in Java and Bali at...

Weekly Briefing: Global Economy Recovery Begins

JAKARTA (TheInsiderStories) - Good Morning! After signs from the latest business surveys that the global recovery accelerated in August as economies continued to open up after...

Again, Indonesia Posts Deflation 0.05% in August

JAKARTA (TheInsiderStories) - Statistic Indonesia reported the Southeast largest economy again posted a deflation 0.05 percent in August, said the chairman today (09/01). Last month...

Indonesia Reviews the Financial System Reform to Overcome the Pandemic

JAKARTA (TheInsiderStories) -  Indonesia is preparing a government regulation in lieu of law on financial system reform to accommodate a deeper crisis situation due to...

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...

COVID 19 Could Reduces 2030 GDP by 2.0 – 5.0% for...

JAKARTA (TheInsiderStories) - Crises not only plunge economies into recession in the near-to-medium term, but they can also inflict long-term damage. The oil shocks of the...

Morning Briefing: Indonesia Closes for Tourists Until End of 2020

JAKARTA (TheInsiderStories) - Good Morning! Indonesia will remain closed for foreign tourists throughout 2020 after the positive cases number growing faster around the globe. One of...

BI Relaxes the Down Payment of Motor Vehicles to Zero Percent

JAKARTA (TheInsiderStories) - To help the low of purchasing power and the consumer loans market, Bank Indonesia (BI) decided to lower the down payment limit for...

Indonesia Posts a Trade Surplus US$3.26B in July

JAKARTA (TheInsiderStories) - Indonesia experienced a trade surplus of US$3.26 billion in July of 2020, said chairman of the statistic bureau today (08/18). The amount higher...

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...

Weekly Briefing: Mix Monetary Policies and Economic Data

JAKARTA (TheInsiderStories) - Good Morning! Happy Independent day for Indonesia. Busy week for Indonesia and the world. Start with the trade and balance of payment data in the...

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...

Indonesia set the 2021 State Budget Deficit 5.5% of GDP

JAKARTA (TheInsiderStories) - President Joko Widodo projected the 2021 State Budget deficit around 5.5 percent of gross domestic products (GDP) or Rp971.2 trillion (US$66.97 billion) to...

Widodo: Make Pandemic as a Momentum for National Awakening

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo invites the whole the nation to make the pandemic as an opportunity and momentum for a national awakening...

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...

Indonesia’s Food and Beverage Industry Could Grow 3% in 2020

JAKARTA (TheInsiderStories) - Indonesian food and beverage industry is expected to grow by around 3 percent in 2020, said government officials yesterday (08/11). In the second...

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...

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...

Weekly Briefing: COVID-19 Versus Recession

JAKARTA (TheInsiderStories) - Good Morning! The coming week will see a clutch of GDP updates to shed further light on the extent of the global economic...

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...

Indonesia Posts Deflation 0.10% in July

JAKARTA (TheInsiderStories) - Statistics bureau reported Indonesia posted a deflation 0.10 percent in July 2020 with the Consumer Price Index (CPI) of 104.95. The country...