Indonesia Drops 3% Budget Deficit Cap for $25b Covid-19 Stimulus

The additional spending would be focused on healthcare, social safety net, tax breaks and restructuring business loans. 

#ECONOMY

SOE Minister Says 'Strategic Projects' Will Continue During Coronavirus Epidemic

Erick Thohir said Indonesia does not want to get left behind when the epidemic is over.

MARCH 30 #POLICY

More Restrictions at Indonesian Airports to Prevent Spread of Covid-19

The pandemic has already reduced airport revenues by 20 percent.

MARCH 30 #TRAVEL

Local Manufacturers Can Meet PPE, Medicine Demand During Pandemic

Indonesia can make 17.3 million pieces of coverall suits, 717 million pair of gloves and 150 million pieces of surgical masks per month

MARCH 29 #CORPORATE NEWS

APP Sinar Mas China Donates 40 Tons of Medical Supplies to Indonesia

Indonesia is in dire need of personal protective equipment for its medical workers amid rising number of Covid-19 patients

MARCH 27 #CORPORATE UPDATES

Gov't Mulls Over Issuing Recovery Bonds to Protect Workers Against Layoffs

The government will sell new bonds to Bank Indonesia and private investors and use the proceeds for special loans to local businesses.

MARCH 26 #ECONOMY

Gov't Imports to Secure Supply of Staple Food During Pandemic

The government urges Indonesians to avoid panic buying to keep prices stable.

MARCH 26 #COMMODITY

VISION

Siloam Turns Shopping Center in South Jakarta Into Covid-19 Hospital

Siloam Hospitals has converted the old Lippo Plaza Mampang into a new facility to treat Covid-19 patients.

#EYEWITNESS

Siloam Turns Shopping Center in South Jakarta Into Covid-19 Hospital

Siloam Hospitals has converted the old Lippo Plaza Mampang into a new facility to treat Covid-19 patients.

March 30 #EYEWITNESS

OJK Shortens Stock, Bond Trading Hours

The bourse will be open for trading for just for hours every day starting next week until the OJK lifts the restriction.

MARCH 25 #SECURITIES

G20, World Bank, IMF Set Up Covid-19 Relief Fund

The IMF has projected a global recession worse than the 2008 global financial crisis.

MARCH 25 #ECONOMY

Enough Liquidity in Indonesia Despite $7.9b Foreign Investment Exit From Covid-19: Central Bank

The majority of the capital outflow occurred in March when Indonesia started reporting Covid-19 cases.

MARCH 24 #ECONOMY

Jokowi Asks BI to Focus on Maintaining Rupiah Stability

Bank Indonesia has disbursed around Rp 300 trillion ($19 billion) in market interventions to strengthen the rupiah.

MARCH 21 #ECONOMY

Debt Collector Needs to Chill Out During Pandemic: OJK

OJK will give more leniency to keep business alive during the sluggish economy caused by the Covid-19 pandemic.

MARCH 20 #POLICY

Business Moguls to Raise $30m for Covid-19 Medical Equipment

The money raised by Kadin and Tzu Chi will be used to buy rapid test kits and other medical equipment.

MARCH 20 #CORPORATE UPDATES

Bank Indonesia Cuts Rate, Vows to Maintain Financial Stability

The central bank will keep the market updated about its policy by holding a regular press conference every Tuesday at 2:00 p.m.

MARCH 19 #ECONOMY

Can Delivery Drivers Protect Themselves From Covid-19?

Grab Indonesia takes extra precautions to ensure drivers are in peak physical condition during the pandemic.

MARCH 19 #TRANSPORTATION

Gov't to Reallocate Up to $1.79b From State Budget for Covid-19 Relief

The Finance Minister says healthcare and procurement of health equipment and products are now the government's priority.

MARCH 18 #HEALTH

Companies Join $696m Buyback Plan Till June

The companies respond to an OJK decision to relax the share buyback rule to relieve bearish pressure on the stock market.

MARCH 18 #SECURITIES

Stock Market Hits Third Circuit Breaker as Covid-19 Worries Worsen

The Indonesia Stock Exchange's price earning ratio is now at 13.6, a new one-year low.

MARCH 17 #SECURITIES

Jokowi Diverts $2.7b in Gov't Meeting Budget to Prop Up Pandemic-Ridden Economy

The president said government travel, meeting and conference budgets need to be suspended for now.

MARCH 17 #POLICY

Indonesia Posts Largest Trade Surplus Since 2011 as Coronavirus Disrupts Imports From China

China remains Indonesia's largest trading partner, accounting for more than 15 percent of its exports and 27 percent of imports. 

MARCH 16 #TRADE