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Sri Mulyani Prediksi Pertumbuhan Ekonomi Indonesia -5,1% di 2Q

JAKARTA (TheInsiderStories) - Menteri Keuangan Sri Mulyani Indrawati memprediksi pertumbuhan ekonomi Indonesia bisa jatuh ke level -5,1 persen dari produk domestik bruto (PDB) pada...

Indonesia’s Consumer Confidence Index Rises to 83.8 in June

JAKARTA (TheInsiderStories) - Indonesia' consumer confidence index increased six points to 83.8 in June 2020 from the previous month, Bank Indonesia (BI) wrote in the...

Pemerintah Cari Rp900 Triliun dari Pasar Obligasi untuk Biayai Defisit APBN

JAKARTA (TheInsiderStories) - Pemerintah Indonesia mencari dana Rp900,4 triliun dari penerbitan Surat Utang Negara (SUN) untuk membiayai defisit Anggaran Pendapatan dan Belanja Negara (APBN)...

Jumlah Wisman ke Indonesia Drop 86.90% di May

JAKARTA (TheInsiderStories) - Jumlah kunjungan wisatawan mancanegara atau wisman ke Indonesia sepanjang Mei 2020 mengalami penurunan sebesar 86,90 persen dibandingkan Mei 2019. Namun, jika dibandingkan dengan...

Is a W-shaped Recession in Our Future?

JAKARTA (TheInsiderStories) - All 50 states have begun to lift COVID-19-related restrictions and incoming data are suggesting that economic activity is beginning to pick up, even...

West Java Offers Investment Projects US$50B to Investors

JAKARTA (TheInsiderStories) - The West Java regional government offers around 209 investment projects with a value around Rp700 trillion (US$50 billion), said the governor in an...

ASEAN-5 Face Rising Credit Risk as Stimulus Fails to Offset COVID-19...

JAKARTA (TheInsiderStories) - Policy measures taken by the ASEAN-5 economies – Indonesia (Baa2 stable), Malaysia (A3 stable), the Philippines (Baa2 stable), Vietnam (Ba3 negative), and Thailand...

IMF: COVID-19 Costs US$12T, Global Economy Will Contract

JAKARTA (TheInsiderStories) - The International Monetary Fund (IMF) rated the impact of the COVID-19 pandemic created an economic cost of US$12 trillion, said Gita Gopinath, chief...

Fitch Revises Down India’s Rating to BBB- with Outlook Negative

JAKARTA (TheInsiderStories) - Fitch Ratings revised down India’ outlook to BBB- from stable to negative, stating that the pandemic has significantly weakened this year' economic growth prospects...

The Deepest Global Recession in 75 years will be the Shortest...

JAKARTA (TheInsiderStories) - All signs point to the second-quarter real GDP plunge in the United States (US) and European economies being one for the records—with double-digit...

Indrawati: Indonesia’s Economic Growth Depresses in 2Q of 2020

JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati sees Indonesian economic growth will depressed in the second quarter (2Q) of 2020 to below zero percent...

The Global Economy Outlook is Highly Uncertain

JAKARTA (TheInsiderStories) - The Organization for Economic Co-operation and Development (OECD) predicts that the global economy will contract at least 6 percent in this year, suppressed...

The Fed Sees US Economy Shrink to 6.5% in This Year

JAKARTA (TheInsiderStories) - The Federal Reserve (Fed) rated United States (US) economy would shrink to 6.5 percent this year. However, the central bank expects the economy will...

IHS Markit Revised up Japan’s Real GDP Growth for 2020

JAKARTA (TheInsiderStories) - IHS Markit revised up its forecast of Japan’ real GDP growth to a contraction of 4.9 percent in 2020 before a rise of...

Again, Indonesia Revises 2020 State Budget to Help the Economy

JAKARTA (TheInsiderStories) - For the second time, Indonesian government revised the 2020 State Budget to support the Economic Recovery Program (ERP) and curb the economy....

Indonesia Offers Nine Toll Road Projects in This Year

JAKARTA (TheInsiderStories) - Public works and public house ministry to offer nine toll road projects in Indonesia during 2020, said the minister today. The pre-qualification...

Singapore Downgrades Economic Growth Forecast to “-7.0%”

JAKARTA (TheInsiderStories) - Singapore' government downgraded the 2020 economic growth forecast from contraction 0.4 percent to (7.0 percent) caused the COVID-19 outbreak, said the ministry...

Japan Prepares More Stimulus Package to Help the Economy

JAKARTA (TheInsiderStories) - Japanese government is considering a new stimulus package worth more than JPY100 trillion (US$928.76 billion) for a second additional budget in this year following...

Weekly Briefing: Investors Looks for GDP Numbers, More Policies Action

JAKARTA (TheInsiderStories) - Good Morning and Happy Eid Al-Fitr to our Moslem readers. The week ahead sees a fresh estimate of United States (US ) GDP...

Premier Li: No Economic Growth Targets in 2020

JAKARTA (TheInsiderStories) - Chinese government decided not to put numerical targets for the economic growth in this year amid the COVID-19 pandemic, said the prime minister...

Morning Briefing: Indonesia’s State Revenues Slows due to the COVID-19

JAKARTA (TheInsiderStories)  - Good Morning! Deputy vice minister of finance, Suahasil Nazara reported, until April, Indonesia' budget deficit at 0.44 percent of gross domestic...

IHS: Recovery in Global Economic will take Two to Three years

JAKARTA (TheInsiderStories) - The global economy is in the midst of the worst downturn since the 1930s. China’ real GDP plunged a record annual rate of...

Indonesia to Charges 10% VAT on Global Digital Products and Services

JAKARTA (TheInsiderStories) - Indonesian government plans to impose a 10 percent value added tax (VAT) for digital products and services sold by foreign tech company, said the...

Weekly Briefing: Investors Awaits PMIs Survey, Other Economic Data

JAKARTA (TheInsiderStories) - Good Morning! The key data in the week ahead are likely to be the flash Purchasing Manager Index (PMI) surveys for May, which...

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...

Indonesia’s Retail Sales Drops Sharply to -4.5% in March

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported retail sales index dropped sharply by -4.5 percent in March from previous month contracted 0.8 percent. The drop was the deepest...

Weekly Briefing: “Selling in May” Mantra Continues in Emerging Market

JAKARTA (TheInsiderStories) - Good Morning! The week ahead sees some key retail sales and industrial output numbers released, which will provide important signals as...

State Own Enterprises in the Middle of COVID-19

JAKARTA (TheInsiderStories) - The pandemic has highlighted the role of the public sector in saving lives and livelihoods. State-owned enterprises (SOEs) are part of that...

BI Has Room to Buys State Bond US$16B in Primary Market

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) could buy state bond as much as Rp242 trillion (US$16.33 billion) from the primary market, said finance minister...

Indonesia Consumer Confidence Index Falls to 84.4 in April

JAKARTA (TheInsiderStories) - Indonesia Consumer Confidence Index (CCI) fell to 84.4 in April amid the COVID-19 pandemic, the central bank reported today (05/06). Its the lowest...