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Today's Headlines COVID-19

  • Political, Economic & Social Developments in Indonesia: February 2021 Report

    Political, Economic & Social Developments in Indonesia: February 2021 Report

    On 5 March 2021 Indonesia Investments released its latest monthly report in which key developments are discussed that impact on the country's business and investment environments, most notably the 'positive investment list' (a derivative regulation of the Omnibus Law on Job Creation) and the establishment of Indonesia's sovereign wealth fund (which will focus on infrastructure development).

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  • Monetary Policy: Bank Indonesia Offers More Accommodative Policies

    Monetary Policy: Bank Indonesia Offers More Accommodative Policies

    At its latest monetary policy meeting, completed on 18 February 2021, Indonesia’s central bank (Bank Indonesia) decided to cut its benchmark interest rate (the seven-day reverse repurchase rate) by 25 basis points (bps) to 3.50 percent, a historically low level for Southeast Asia’s largest economy. Also the deposit facility and lending facility rates were cut by 25 bps to 2.75 percent and 4.25 percent, respectively.

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  • January 2021 Trade Data Brings Renewed Concerns Over Indonesia’s Import Performance

    January 2021 Trade Data Brings Renewed Concerns Over Indonesia’s Import Performance

    Indonesia started the year with another comfortable trade surplus. In January 2021 the country posted a trade surplus of USD $1.96 billion. Since May 2020 Indonesia has been recording an impressive series of big trade surpluses, each month. This is a positive matter for the country’s current account balance and the rupiah rate (and thus also supports risk appetite in the capital markets).

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  • Subscriber Update Indonesia: COVID-19 Recession Persists in Q4-2020

    Economic Update Indonesia: COVID-19 Crisis Pulls Indonesian Economy into Recession

    On 5 February 2021, Indonesia’s Statistical Agency (Badan Pusat Statistik, or BPS) announced that gross domestic product (GDP) of Southeast Asia’s largest economy contracted 2.19 percent year-on-year (y/y) in the fourth quarter of 2020. This was less severe compared to Indonesia Investments’ outlook of -2.50 percent (y/y).

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  • Political, Economic & Social Developments in Indonesia: January 2021 Report

    Political, Economic & Social Developments in Indonesia: January 2021 Report

    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.

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  • Subscriber Update: Sriwijaya Air Crash Triggers Renewed Aviation Safety Concerns

    Subscriber Update: Sriwijaya Air Crash Triggers Renewed Aviation Safety Concerns

    Unfortunately Indonesia is no stranger to fatal aircraft accidents. And unfortunately, disaster struck again on Saturday 9 January 2021 when Sriwijaya Air Flight 182, a scheduled domestic passenger flight flying from Indonesia’s capital city of Jakarta to Pontianak (West Kalimantan), crashed in the Java Sea some four minutes after take-off from Soekarno-Hatta International Airport.

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  • Tougher COVID-19 Restrictions Imposed Across Java and Bali

    Tougher COVID-19 Restrictions Imposed Across Java and Bali

    On 6 January 2021, Airlangga Hartarto, Chairman of the Committee for the Handling of the COVID-19 Pandemic and National Economic Recovery (KPC-PEN), announced that a number of regions across the densely populated islands of Java and Bali are to impose tougher social and business restrictions between 11 and 25 January 2021.

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  • Subscriber Update Indonesia Investments - Widodo's Cabinet Reshuffle

    Subscriber Update Indonesia Investments - Widodo's Cabinet Reshuffle

    On 22 December 2020 Indonesian President Joko Widodo announced that several ministers in his Onward Indonesia Cabinet (in Indonesian: Kabinet Indonesia Maju) were replaced in order to improve the performance of the cabinet. This message was no surprise as rumors about an upcoming cabinet reshuffle had grown increasingly strong over the preceding week.

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Latest Columns COVID-19

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