Blunting the Impact and Hard Choices: Early Lessons from China

JAKARTA (TheInsiderStories) - The impact of the coronavirus is having a profound and serious impact on the global economy and has sent policymakers looking for ways to respond. China’ experience so far shows that the right policies make a difference in fighting the disease and mitigating...

The Global Economy is Headed for Recession

JAKARTA (TheInsiderStories) - Disruptions to supply chains, demand, international trade flows, and travel, along with lockdowns and collapsing stock prices, resulting from the COVID-19 have dealt a heavy blow to the global economy. The United States (US), Europe, and Japan are headed for recession. We forecast for world...

COVID-19 to Precipitate US Recession in Second Quarter

JAKARTA (TheInsiderStories) - The spread of COVID-19 to the United States (US) is causing a sharp contraction in spending on activities that involve travel and congregating in public. Given the speed of these developments, we are taking the unusual step of updating our base forecast for...

COVID-19: Sharp Reduction in Near-term Growth

JAKARTA (TheInsiderStories) - IHS Markit estimates that global growth in 2020 will be 1.7 percent, compared with 2.5 percent in our February baseline, and 2.7 percent in 2021 compared with the earlier forecast of 2.8 percent. The United States (US) economy will be hurt by the effects...

Coronavirus: Can Policymakers Avert a Trillion-dollar Crisis?

JAKARTA (TheInsiderStories) - The spread of the coronavirus is first and foremost a public health emergency, but its also a significant economic threat. The COVID-19 shock will cause a recession in some countries and depress global annual growth this year to below 2.5 percent, the recessionary...

Fiscal Policies to Protect People During the Coronavirus Outbreak

JAKARTA (TheInsiderStories) - A key role of government is to protect the well-being of its people—most crucially and visibly during emergencies such as the recent outbreak of the coronavirus. The International Monetary Fund (IMF) has US$50 billion available in rapid-disbursing emergency financing to help countries...

ECB: Additional Stimulus on The Way, But How Much and How Soon?

JAKARTA (TheInsiderStories)-  IHS Markit expects the European Central Bank (ECB) to announce yet another package of easing measures on March 12. This is likely to include an enhancement of liquidity provision, a 10 basis points deposit facility rate (DFR) cut, and a modest increase in...

OECD: Global Economy Daces Gravest Threat Since the Crisis

JAKARTA (TheInsideStories) - The coronavirus presents the global economy with its greatest danger since the financial crisis. The COVID-19 is spreading from China to other regions causing human suffering and economic disruption. Its raising health concerns and the risk of wider restrictions on the movement of people, goods...

Indonesia’s 2020 Oil and Gas Output Likely to Fall

JAKARTA (TheInsiderStories) - Indonesia’ production of both oil and gas will most likely fall in 2020 despite the official projections of a combined 8 percent growth year-on-year, said Rystad Energy in the latest report. The upstream task force (SKKMigas) has set an ambitious oil production target...

Morning Briefing: Global Market Plunge for the Worst Since 2018’s World Crisis

JAKARTA (TheInsiderStories) - Good Morning! Global shares plunge amid brutal selling by investor and headed for the worst week since the world financial crisis in 2019. Dowjones stock index dropped sharply by 1,190 as fears of coronavirus outbreak. In Indonesia, the Rupiah touched the level 14,000 against...

Morning Briefing: Global Market Losses Over US$3B Caused of Coronavirus

JAKARTA (TheInsiderStories) - Good Morning! In the face of constant selling pressure, many investors are hoping the Federal Reserves will ride to the rescue or do some jawboning to boost hopes of easing as early as March. The coronavirus outbreak has give deep impact to the...

Morning Briefing: Malaysia’s PM Offers Big Coalition

JAKARTA (TheInsiderStories) - Malaysia' interim prime minister, Mahathir Mohammad has met the leaders of major political parties, including Anwar Ibrahim and those he defeated in the election on Tuesday (02/25). He proposed the idea of ​​a large coalition at the meeting. On Feb. 24, the premier has announced...

Morning Briefing: BI Intervenes Market, COVID-19 Widespread

JAKARTA (TheInsiderStories) - Good Morning! Bank Indonesia intervened the spot foreign exchange market, domestic NDF and bond markets to stem outflows related to fears of the spread of coronavirus in the world. On Monday, there are outflows in the bond market and banks are short covering. The central...

Weekly Briefing: Center of the Week China’s Economic Data

JAKARTA (TheInsiderStories) - Good Morning! The first major data release out of China since the coronavirus outbreak out this week, with the February update of the government sponsored NBS manufacturing PMI. China is slowly getting back to normal, fears over the economic fallout from the spread of...

Morning Briefing: G20’s Finance Leaders Meeting Focus on COVID-19

JAKARTA (TheInsiderStories) - Good Morning! The COVID-19 outbreak could become the biggest issue for discussion at a weekend gathering of finance leaders from the Group of 20 major economies. The governors and finance ministries has scheduled to meet in in Riyadh, Saudi Arabia, on Feb. 22...

Morning Briefing: BI Rate Announces Today

JAKARTA (TheInsiderStories) - Good Morning! Today, the policymaker to announces the Bank Indonesia (BI) seven days reverse repo rate. Some analysts hope the central bank cut its benchmark rate to help the economy. At the same day, President Joko Widodo will deliver his direction to the...

Economic Growth to Slow Across Asia Pacific

JAKARTA (TheInsiderStories) - The coronavirus outbreak adds to other pressures on growth in Asia Pacific, with the impact felt primarily through trade and tourism, and for some sectors also through supply-chain disruptions. This shock comes on the back of a marked slowdown in 2019 as decelerating...

Morning Briefing: BI Starts the Governors Meeting

JAKARTA (TheInsiderStories) - Good Morning! Starting today Bank Indonesia' board of governors start their two-days meeting before make decision on Thursday. At the latest meeting, the policymaker decided to kept the 7-days repo rate at 5 percent. While, finance ministry has agenda to inform the latest...

Morning Briefing: Euro Falls to the Lowest Level Since 2017 Amid Germany

JAKARTA (TheInsiderStories) - Good Morning! The weak manufacturing and gross domestic product (GDP) data of Germany, Europe' largest economy, bring Euro close to its lowest since April 2017 at US$1.0836 in Asian market. Since early February, the single currency has lost 2.3 percent over the US Dollar. The...

Indonesia’s Credit Profile Balances Stable Growth with Revenue Weaknesses

JAKARTA (TheInsiderStories) - Indonesia' (Baa2 stable) credit profile is supported by the economy' large size, low fiscal deficits and modest debt burden. These features are balanced by a weak revenue base that constrains debt affordability, a reliance on external market funding, and a degree of economic...

Weekly Briefing: Policy, Trade, PMI Data Haunts the Market

JAKARTA (TheInsiderStories) - Good Morning! This week monetary policy action comes from Indonesia, while central banks in the United States (US), Europe, Australia and India release the minutes from their prior meetings. All of which will be scoured for clues as to how policymakers assess the...

Indonesia Needs to Build More Renewable Energy Installations

JAKARTA (TheInsiderStories) - Indonesia has set a renewable energy target of 23 percent in the energy mix by 2025. The country has renewable energy potential of more than 400 gigawatt (GW) but is actually utilizing much less for power generation. The country is mainly dominated by thermal...

Morning Briefing: Indonesia Oversees the Inflation Target

JAKARTA (TheInsiderStories) - Good Morning! To keep inflation remaining within the target range of 3.0±1 percent, the government and Bank Indonesia (BI) agreed to maintaining volatile food inflation in the range of 4.0±1 percent. To reached the target, the parties agreed to strengthening price affordability, supply...

Australia Top List Among International Investors Search

JAKARTA (TheInsiderStories) – Australia ranks as the top investment destination among dealmakers within Asia Pacific and globally, outshining many of Asia’ more popular, high-growth emerging markets, said Pitcher Partners in its latest report. This is particularly true of investor intentions regarding mid-market deals (those valued between...

Morning Briefing: Powell Says Less Room to Cut Rates

JAKARTA (TheInsiderStories) - Good Morning! Chairman of Federal Reserve, Jerome Powell said, there is a less room to cut the rates in this year and must use another tools to guard United States (US) economy. He testified, the central bank would stimulate the economy by...

Coronavirus Economic Shockwave Hits the APAC Aviation Industry

JAKARTA (TheInsiderStories) - The Asia Pacific commercial aviation industry is being hit by a massive economic shockwave from the escalating novel coronavirus crisis sweeping across the region. The novel coronavirus crisis has become a “Black Swan” event for the Asia Pacific commercial aviation industry, as Chinese travel...

Morning Briefing: Powell Calls Congress to Reduce US’s Deficit

JAKARTA (TheInsiderStories) - Good Morning! United States (US) Federal Reserve (Fed) chair, Jerome Powell, called on Congress to reduce the deficit amid concerns about the unsustainable path of the federal budget and debt. He has called on lawmakers to reduce the deficit for years. Since President Donald...

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, geopolitic and other issues. As known some institution has calculate the virus outbreak could bring economy China dropped to 4...

Rising Mobile Data to Boost Indonesia’s Mobile Service Revenues through 2024

JAKARTA (TheInsiderStories) - The total telecom and pay TV services revenue in Indonesia is set to register a moderate compound annual growth rate (CAGR) of 3.7 percent between 2019 and 2024, driven mainly by the growth in the mobile data and fixed broadband services, says GlobalData...

Weekly Briefing: Chinese Economy Back to Normal

JAKARTA (TheInsiderStories) - Good Morning! The chinese economy back to normal again starting today after the coronavirus outbreak has hit the country for weeks. Although, numerous stores and factories will remain shut and many white-collar employees will continue working from home. The Hubei Provincial Health Committee...