Governments’ social and business restrictions (imposed in the context of preventing the further spread of COVID-19 in society) and people’s concern over the virus have damaged both the tourism and transportation industry in an unprecedented way.

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The COVID-19 pandemic made governments around the world impose severe social and business restrictions, thus contributing heavily to the unprecedented decline in economic activity. To maintain society’s support, governments subsequently had to spend heavily on social assistance, soft loans, and various fiscal incentives to keep most businesses alive and allow poorer segments of society to have enough to eat.

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The central bank of Indonesia (Bank Indonesia) decided to leave its interest rates unchanged at the two-day monetary policy meeting that ended on 20 April 2021. The benchmark BI Seven-Day Reverse Repo Rate was held at 3.50 percent, while the deposit facility and lending facility rates were kept at 2.75 percent and 4.25 percent, respectively.

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Kiprahnya biasa saja, bahkan nyaris tak terdengar selama puluhan tahun. Namun mendadak Bank Artos menjadi gunjingan bursa saham, sejak diakuisisi oleh Jerry Ng melalui PT Metamorfosis Ekosistem Indonesia (MEI) dan Patrick Walujo melalui Wealth Track Technology Limited di akhir 2019. Keduanya mengambil alih 51% saham Bank Artos, dan mengubah bank kecil tersebut menjadi bank digital yang kini diberi nama Bank Jago.

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