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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...

Morning Briefing: COVID-19 Cases Soaring

JAKARTA (TheInsiderStories) - Good Morning! The World Health Organization reported, COVID-19 cases are soaring in several major countries, with "worrying increases" in Latin America, especially Brazil....

OPEC: Market Rebalancing, Full Commitment to Conformity Remains the Focus

JAKARTA (TheInsiderStories) - Joint Ministerial Monitoring Committee (JMMC) of oil producers and its allies (OPEC+) reported 87 percent of their productions have been cut during May....

OPEC+ Agrees to Extend the Production Cut Until July

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to extend the cut in crude oil output until the end...

Weekly Briefing: Indonesia’s Forex Reserves Data Out Today

JAKARTA (TheInsiderStories) - Good Morning! A key event of the week ahead will be the latest Federal Open Market Committee (FOMC) meeting with updated United States...

Morning Briefing: Indonesia’s Economy Could Shrinks to 0% This year

JAKARTA (TheInsiderStories) - Good Morning! World Bank senior economist for Indonesia, Ralph van Doorn sees the national economy may shrink zero percent of gross domestic products...

Morning Briefing: Two Major Laws will be Legislated Today

JAKARTA (TheInsiderStories) - Good Morning! Two important law Number 1/2020 concerning State Financial Policy and Financial System Stability for Handling Corona Virus Disease and mining law...

Morning Briefing: Indonesia Temporally Bans Air, Sea, and Land Transports

JAKARTA (TheInsiderStories) - Good Morning! Indonesian government temporary banned all air, sea, and land transportation to reduce the spread of COVID-19 across the nation. Based...

COVID-19 Hit Pertamina, Net Profit Could Drops 51%

JAKARTA (TheInsiderStories) - CEO of energy producer, PT Pertamina, Nicke Widyawati told member of parliament that her company experienced triple shock during the COVID-19 outbreak. At...

Morning Briefing: WTI Price Turns to Negative for First Time

JAKARTA (TheInsiderStories) - Good Morning! United States (US) West Texas Index (WTI) crude prices slipped into negative territory for the first time ever over storage capacity...

Oil Prices Hit the Bottom Level Since 1999 on the Low...

JAKARTA (TheInsiderStories) - Oil prices hit the bottom level for the first time in 1999, as the COVID-19 hits the demand, the market data showed....

Morning Briefing: Trump Unveils Guidelines for Re-opening US’s Economy

JAKARTA (TheInsiderStories) - Good Morning! President Donald Trump announced the three-stage approach called "downward trajectory" to revive the United States (US) economy as the country continues...

Morning Briefing: Oil Prices Plunges to Lowest Level in Two Decades

JAKARTA (TheInsiderStories) - Good Morning! Crude oil prices plunged to their lowest level in almost two decades amid the weak of United States (US) demand and...

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...

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: 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...

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...

Morning Briefing: March’s Inflation Announces Today

JAKARTA (TheInsiderStories) - Good Morning! Today, Statistic Indonesia announces the latest inflation rate in March. Last month the inflation stood 0.28 percent compared to...

Oil Market Plunges, Need Joint Action to Rise the Price

JAKARTA (TheInsiderStories) - The global oil prices fell almost 8 percent on Thursday (03/26) amid the price war between Saudi Arabia and Russia. Yesterday, price of West...

COVID-19, Oil Price Shock will Magnify Weaknesses 2020 Sovereign Outlook

JAKARTA (TheInsiderStories) - The coronavirus outbreak and the related oil price shock will lower sovereigns' economic and fiscal strength, increase weaker sovereigns' vulnerability to shifts in...

Morning Briefing: G20 Moves, Trump’s Relief Bill Awaits Parliamentary Approval

JAKARTA (TheInsiderStories) - Good Morning! In the virtual meeting of Group of 20 (G20) on Thursday, the leaders agreed to mobilize funds US$4 billion from...

Morning Briefing: Indonesia to Run COVID-19 Rapid Test

JAKARTA (TheInsiderStories) - Good Morning! After decided not lockdown the country, now Indonesian President order COVID-19 task force to run rapid test across the country....

Morning Briefing: Indonesia Prepares Policies to Tackle COVID-19 Impact

JAKARTA (TheInsiderStories) - Good Morning! Finance minister Sri Mulyani Indrawati claimed Indonesian government is preparing stimulus similar to the 2008 global financial crisis, including...

Morning Briefing: King of Dutch Meets Indonesian President

JAKARTA (TheInsiderStories) - Good Morning! King of Dutch, Willem Alexander has scheduled to meet President Joko Widodo during his visit to Indonesia starting yesterday. In...

Indonesia’s FSA Allows Issuer Buyback Shares up to 20%

JAKARTA (TheInsiderStories) - Indonesia' Financial Services Authority (FSA) allowed listed companies to buyback shares up to 20 percent of their paid-up capital without need a shareholders...

Breaking: US’s Stock Market Trading Halt After Major Indices Plunged

JAKARTA (TheInsiderStories) - United States (US) stock market trading halt in a minutes of opening after major indices broke through the level that triggered the New...

OPEC Proposes 1.5M barrels Cut, Oil Prices still Weaken

JAKARTA (TheInsiderStories) - The heads of Organization of the Petroleum Exporting Countries (OPEC) recommended an extending the duration of the proposed 1.5 million barrels per...

Morning Briefing: The Coronavirus Widespread

JAKARTA (TheInsiderStories) - Good Morning! World Health Organization (WHO) chief, Tedros Adhanom Ghebreyesus said, the spread of coronavirus is increasingly at a global level. At a briefing...

OPEC+ Meets to Evaluate the Oil Prices on Thursday

JAKARTA (TheInsiderStories) - Organization of the Petroleum Exporting Countries (OPEC) and its allies is to meet in Vienna, Austria on March 5 - 6, to decide...

Morning Briefing: The Impact of Coronavirus Has Not Faded

JAKARTA (TheInsiderStories) - Good Morning! President Joko Widodo lead the cabinet meeting today, to mitigate the global economic development amid various problem such as coronavirus,...