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On Thursday (05.08.2021) Indonesia Investments released its July 2021 report. This 182-page report discusses a range of subjects - related to political developments, the economy and social matters that occurred in Indonesia in the month of July 2021.
Those who have been following the international news should be aware that there are growing signs that the existing COVID-19 vaccines are not enough to combat the COVID-19 pandemic. In Singapore, vaccinated individuals now account for about 75 percent of the city state's COVID-19 infections.
On Friday 5 February 2021 Indonesia Investments released its January 2021 report. The report zooms in on key economic, political, and social developments in Indonesia in January 2021. Special attention is given to Indonesia's COVID-19 immunization program (do we expect to see setbacks?), household consumption amid the COVID-19 restrictions, the Sriwijaya Air crash, and Indonesian demographics.
It took a while – in fact a couple of months – but the Indonesian government has now finally become realistic about its forecast for economic growth in (the remainder of) 2020. Obviously, it had no other option after the country’s Q2-2020 gross domestic product (GDP) data had been released in August. These data showed a 5.32 percent year-on-year (y/y) contraction for Southeast Asia’s largest economy in Q2-2020.
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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.
The COVID-19 crisis in Indonesia continues to show an easing trend reflected in the declining number of new positive COVID-19 test results across the Archipelago in September 2021 (a trend that started in mid-July 2021 when the tsunami-shaped wave of new COVID-19 cases peaked).
Another interesting month – August 2021 – has passed. Several new findings were released around the world that further improve our understanding of the COVID-19 virus and vaccines, although many pieces of the puzzle(s) remain missing.
For Indonesia, the month of April 2021 was particularly dominated by the arrival of Ramadan, the holy fasting month for the Muslim community. From the evening of 12 April 2021 Muslims fast (typically from sunrise to sunset) up to 12 May 2021. It is also known as a period of intensified praying and reading the Qur’an for the Muslim community as well as higher focus on generosity.
Last month, we started to become a bit optimistic after reading reports that COVID-19 immunization programs were taking off, both in Indonesia (per 13 January 2021) and abroad. Moreover, it was reported that the Pfizer and Moderna vaccines have an efficacy rate of around 95 percent.
It was a rough first month of the year for Indonesia. Obviously, the COVID-19 crisis persists (and there are signs to assume this crisis will persist throughout 2021) with the total number of confirmed COVID-19 infections in Indonesia now having passed the one million mark.
Across the globe governments and pharmaceutical companies are busy working on a vaccine to make people immune against the novel coronavirus (COVID-19). Having the availability of a reliable vaccine would be a solution because COVID-19 seems to spread quite easily, while the majority of the world's population remains vulnerable to the virus.
Relatively frequently Indonesia is shocked by major scandals; usually it is a high-profile corruption case involving politicians or big businessmen but since Friday (24/06) a new scandal arose that has been keeping local media busy. This scandal is more sensitive as it involves the health of little children. Apparently, fake vaccines have been given to children - primarily to babies under one year old - across Java for the past 13 years. Police arrested a total of 16 people on grounds that they have been involved in the production and distribution of fake counterfeit vaccines.
