Di bawah ada daftar dengan kolom dan profil perusahaan yang subyeknya berkaitan.
Berita Hari Ini COVID-19
In January 2022 the International Monetary Fund (IMF) announced it, again, revised its outlook for Indonesia’s economic growth. The Washington-based institution cut its forecast for growth in 2022 from 5.9 percent year-on-year (y/y) to 5.6 percent (y/y).
On 17 January 2022 Statistics Indonesia (BPS) released the latest trade data of Indonesia. The data show that Indonesian exports remained high (near record-high territory) in December 2021, while imports into Indonesia even managed to set a new all-time record (with a huge jump in imports of raw materials and consumer goods suggesting that economic activity is strong, although this could be a temporary phenomenon in the context of Christmas and New Year festivities).
When – at the start of January 2022 – we heard Firman Bakri, Executive Director of the Indonesian Footwear Association (Asosiasi Persepatuan Indonesia, Aprisindo), say that Indonesia’s footwear exports are expected to hit an all-time high in full-year 2021, it caught us by surprise.
It is time to turn our attention to tax, again, as we detected a number of interesting developments in Indonesia (related to tax) over the past couple of months. First of all, something that is quite rare, Indonesia managed to collect more tax revenue in full-year 2021 than it targeted in the 2021 State Budget (APBN 2021).
The tourism industry is among the most heavily disrupted industries in the COVID-19 crisis as restrictions made it difficult (sometimes even impossible) to travel while various tourist destinations had to close temporarily. Moreover, we assume that the psychological impact of the crisis on people is bigger than estimated (implying that people become less willing to travel to distant locations, in particular to emerging economies where healthcare is generally not at world-class standards).
On Thursday (06.01.2022) Indonesia Investments released the December 2021 edition of its monthly report. This report discusses a range of subjects - related to political developments, the economy and social matters - that were important and influential issues in Indonesia in the month of December 2021.
On 31 October 2021, Indonesian President Joko Widodo was handed a hammer by Italian Prime Minister Mario Draghi. And it was a hammer and transaction with great symbolic value because it symbolized the transfer of the Group of Twenty (or G20) presidency from Italy to Indonesia.
Those who follow Indonesian politics and/or the Indonesian economy should know that November is the month in which new minimum wages are determined for the following year. It involves the minimum wages for the provinces (propinsi), districts (kabupaten), and cities (kota).
Over the past decade or so many analysts – including us – have pointed out that the structural deficit in Indonesia’s current account balance is a serious weakness.
Indonesia’s October 2021 export performance was impressive. Based on the latest data from Statistics Indonesia (Badan Pusat Statistik, BPS), Indonesia exported USD $22.03 billion worth of goods in October 2021, thereby setting a new all-time record high.
Artikel Terbaru COVID-19
Indonesia’s Statistical Agency (Badan Pusat Statistik, or BPS) announced at the start of February 2023 that it had recorded a total of 5.47 million foreign visitor arrivals in full-2022. It means Indonesia managed to achieve its foreign visitor target (quite easily) last year (which was set at the wide range of 1.8 – 3.6 million).
It is November, again! This means that Indonesia’s provincial governments need to determine the provincial minimum wages for next year (these new minimum wages will kick in per 1 January 2023).
It is now about one month after the national Idul Fitri holiday when millions of city-dwellers travelled by air, road, rail and water back to their places of origin to spend a couple of days with their (extended) families. The positive news is that this huge movement of people did not lead to an increase in the number of COVID-19 cases in Indonesia.
Despite the ongoing challenges (that mainly originate from abroad), there is reason to be optimistic about Indonesia’s economic growth in 2022 as the COVID-19 threat has eased.
On 7 February 2022, Indonesia’s Statistical Agency (Badan Pusat Statistik, or BPS) announced the latest gross domestic product (GDP) data of Indonesia, covering the final quarter of 2021.
In January 2022 Indonesian Minister for Coordinating Economic Affairs Airlangga Hartarto said the Indonesian government aims to ratify the Regional Comprehensive Economic Partnership (RCEP) trade agreement in the first quarter of 2022. Just like the Philippines and Myanmar, Indonesia is still to ratify the RCEP even though this agreement already took effect per 1 January 2022.
Last month we discussed the Omicron variant that had officially arrived in Indonesia in late-November 2021.
In the first month of 2022, we detected some positive signs, both abroad and at home (in Indonesia) as there is growing evidence that the Omicron variant is encouraging strong herd immunity around the world, while not making too many people ill to the extent that they require hospitalization.
In the last week of December 2021, Perry Warjiyo, Governor of Indonesia’s central bank (Bank Indonesia), sent a strong signal to markets that the benchmark interest rate of Indonesia (seven-day reverse repo rate) will not be raised before Q3-2022. This is much later than we initially expected.
There are reasons to be optimistic about Indonesia’s economic activity in the fourth quarter of 2021. Obviously, the underlying reason being that new confirmed COVID-19 infections have not been far from zero in Indonesia throughout the final quarter of the year. As a consequence, the government of Indonesia did not need to impose tough restrictions, hence economic activity is allowed to blossom.
