Something interesting that we had pointed out in last month’s edition of our report is that the Indonesian government has started to loosen the self-imposed social and business restrictions despite the fact that new novel coronavirus (COVID-19) cases are still growing exponentially across the country (with Jakarta, West Java, East Java, Central Java, and South Sulawesi being the epicenters).

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On Friday (03/07/2020) Indonesia Investments released the June 2020 edition of its monthly report. In this edition, titled 'Indonesia's New Normal', several topics are discussed including the new normal for Indonesia (as the COVID-19 pandemic changes people's behavior and changes local regulations), Indonesia's micro, small, and medium-sized enterprises (which have come under great stress), and Indonesia's energy sector.

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The novel coronavirus (COVID-19) crisis has a wide range of economic and social consequences. For example, the Indonesian economy is likely to contract this year (for the first time since 1998), while millions of Indonesians have lost their jobs over the past three months, and the majority of the country’s enterprises have seen their sales plunge.

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