• Which Businesses Gain, Which Businesses Lose in Unprecedented COVID-19 Crisis?

    Which Businesses Gain, Which Businesses Lose in Unprecedented COVID-19 Crisis?

    The novel coronavirus (COVID-19) outbreak has caused something extraordinary in Indonesia, and in the world; something we had not seen – in the case of Indonesia –since the Asian Financial Crisis in the late 1990s, namely: a sudden and dramatic drop in household consumption and business activity. Due to government policies, designed to prevent the spread of COVID-19 in the country and thereby safeguarding people’s health, the movement of people is heavily restricted, while companies in a wide range of sectors have had to close their doors (until further notice).

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  • Can Businesses Claim Force Majeure After the Government Calls COVID-19 a National Disaster?

    Can Businesses Claim Force Majeure After the Government Calls COVID-19 a National Disaster?

    Besides imposing restrictions and offering stimuli to affected people and businesses, the Indonesian government made another important decision with reference to the coronavirus (COVID-19) outbreak. Through Presidential Decree No. 12/2020 on the Determination of COVID-19 as a Non-Natural Disaster, signed by President Widodo on 13 April 2020, the novel coronavirus was declared a ‘national disaster’.

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The views expressed in these business columns are the views of the authors or the interviewed persons only and therefore do not necessarily reflect the views of Indonesia Investments. The authors are free to ventilate their opinions about the Indonesian business climate. Facts presented in these columns are the result of the author's own research or indicated sources, read disclaimer
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