Below is a list with tagged columns and company profiles.
Latest Reports COVID-19
In many supermarkets, shops, and places of worship across Indonesia you can now find antibacterial hand wash bottles near the cashier or entrance that can be used for free by the people.
Latest Columns COVID-19
At its latest monetary policy meeting, which ended on 18 February 2021, the central bank of Indonesia (Bank Indonesia) decided to cut its benchmark interest rate (BI 7-Day Reverse Repo Rate), again, by 25 basis points (bps) to 3.50 percent, touching a historically low level.
In mid-February 2021, Statistics Indonesia (in Indonesian: Badan Pusat Statistik, or BPS) released its latest poverty statistics. As expected, the data show a worrying rise in poverty across Indonesia, a development that is obviously related to the ongoing COVID-19 crisis. Governments’ self-imposed social and business restrictions (both at home and abroad), which aim at preventing the further spread of the virus, drag down economic activity in an unprecedented way.
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.
Another year has passed, and therefore we would like to wish all of our subscribers a happy, healthy, and successful 2021! The transition to a brand new year is also typically a great occasion to look back at the year that has passed and look forward to the one that has arrived (and some may even have made a couple of New Year’s resolutions in an attempt to achieve a certain goal or change a bad habit).
In recent times, almost each year can be called a ‘political year’ for Indonesia as a big number of elections – especially at the regional level – need to be organized in this vast archipelago. Considering there are 34 provinces in Indonesia, containing 514 regents (kabupaten) and cities (kota), we see elections almost every year.
It came as a big surprise to us when the central bank of Indonesia (Bank Indonesia) announced on 19 November 2020 (the day it concluded its two-day monetary policy meeting) that it decided to cut its benchmark interest rate (the seven-day reverse repo rate) by 25 basis points to 3.75 percent. Bank Indonesia also cut its deposit facility and lending facility rates by 25 basis points to 3.00 percent and 4.50 percent, respectively.
It came as a big surprise to us to learn that direct investment realization in Indonesia expanded in the third quarter of 2020, both compared to the same quarter one year earlier (Q3-2019) and compared to the preceding quarter (Q2-2020).
Through Manpower Minister Circular Letter No. M/11/HK.04/X/2020, the central government of Indonesia requests all provincial governors not to raise the minimum wages for 2021 as the impact of the COVID-19 crisis on entrepreneurs and business has been severe. The financial pressure (due to missed income) makes it tough for many entrepreneurs to survive. By not raising the minimum wages in 2021, these business-owners would get some air, which means jobs can be saved.
The month October in the year 2020 was another volatile month. At the beginning of the month (which we covered in our preceding report) the passing of the Omnibus Job Creation Law triggered a series of demonstrations that have been continuing up to the time of writing this introduction.
