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Economy and Finance

Economy and Finance

Minister of Finance: Many Government Programs Support The Digital Economy

JAKARTA - Minister of Finance Sri Mulyani said that various government programs have helped support the development of the digital economy. Starting from the provision of social assistance. Which is now carried out by transferring to the bank account of each family to stimulus in the form of tax incentives. Sri gave an example, the social protection program included in the National Economic Recovery (PEN). As many as 10 million beneficiary groups of the Family Hope Program (PKH) benefit through their bank accounts, which means digital transactions occur. On the other hand, the government provides tax incentives in the form of 0.5 percent for Micro, Small and Medium Enterprises (MSMEs) which are temporarily borne by the government (DTP). They obtain this incentive after they book their ...
Economy and Finance

BUMN Emiten Stock Encourage Improvement of Domestic Stock Exchange

JAKARTA - The Indonesian stock exchange has begun to show improvement after experiencing considerable pressure due to the impact of the Covid-19 pandemic. The Jakarta Composite Index (IHSG) fell to 3,900 last March before slowly rising to 5,400 on Tuesday. Analyst of Sekuritas Indonesia, Anugerah Zamzami. Said that the improving trend of the IHSG has been boosted by the performance of shares of state-owned enterprises (BUMN), especially in the last few months. "The majority of state-owned companies' financial performance is still decreasing on an annual basis. However, on a quarterly basis many state-owned companies have shown improvement in the third quarter compared to the second quarter," said Anugerah, Wednesday. Reflecting on the movement of BUMN shares in the BUMN 20 Index, Anug...
Economy and Finance

CIPS: The Election Of Joe Biden Encourages Global Economic Recovery

JAKARTA - Center for Indonesian Policy Studies (CIPS) assesses that the election of Joe Biden and Kamala Harris from the Democratic Party as President and Vice President of the United States will contribute to efforts to recover the global economy. researcher CIPS Pingkan Audrine Kosijungan in a release in Jakarta on Monday said that the optimism was based on the two economic programs that tend to be open to international cooperation. "This will also bring benefits to Indonesia," he said. In addition, he continued, the election of Joe Biden as President of the United States also gave hope to the trade war situation with China. According to him,Biden's thought to be different from President Trump's. The United States under Biden's leadership made it possible to pursue more diplomacy i...
Economy and Finance

Foreign Investment Decreased 30 Percent. Is This the Impact of the Global Economic Recession?

JAKARTA - The Investment Coordinating Board (BKPM) emphasized that the global economic crisis has caused foreign investment (PMA) globally to fall 30-40 percent. BKPM's Expert Staff for Increasing Investment Competitiveness, Heldy Satrya Putera. He explained that they felt the contraction to deepen after over 90 percent of the country experienced a crisis because of the Covid-19 pandemic. Economic conditions in 2020 provide great uncertainty for investment because almost all countries are experiencing recessions. In fact, the recession that occurred due to the crisis in 2020 was the biggest since 149 years ago. “The recession has started with a trade war, Britain is leaving Brexit, until the pandemic. The world contraction has caused FDI (foreign direct investment / PMA) to fall. He s...
Economy and Finance

Recommendations for Most Beautiful Stocks for the US Presidential Election Trump vs Biden

JAKARTA - The general election that is currently taking place in the United States has caught the attention of market players. This is because whoever is elected to be the next US President will definitely have an impact on the global capital market. Including the Indonesian capital market. In line with the vote counting process that is taking place in Uncle Sam's country, the Composite Stock Price Index (JCI) collapsed in the red zone at the close of the market today, Wednesday (4/11/2020) WIB. In fact, at the beginning of trading until the end of the first session, the composite index walked smoothly in the green zone. Until the close of trading at 3:00 p.m. WIB, the JCI corrected by 1.05 percent or 54.25 points to 5,105.19. During the day, JCI was moving in the range of 5,105.19 - ...
Economy and Finance

China Economy Begins To Envy The US And European Countries

Jakarta - China economy grew 4.9% in the third quarter of 2020. It showed the rest of the world that the economy could skyrocket if the COVID-19 outbreak could be controlled. Meanwhile, currently, many countries are still fighting a pandemic. In fact, not a few of the world's countries are in danger of facing the second wave. Of course, what China inscribed made the envy of many countries in the world. China's financial development rate is in reality a little more slow than business analysts estimate. There are numerous indications of solidarity, be that as it may, with the development and administration areas performing well indeed. "The Chinese economy proceeded with its fast bounce back in the last quarter, with the recuperation expanding and beginning to diminish dependence on upg...
Economy and Finance

The World Economic Predicted To Grow Negatively, What Is The Fate of Indonesian Trade?

Jakarta - The pandemic that spreads in more than 120 countries caused the world monetary organization, the IMF, in the World economic outlook in April 2020 to estimate that world economic growth this year will grow negatively by 3 percent. Likewise, The world trade estimated will fall to negative 11 percent. In fact, the WTO predicts that world trade will fall deeply, namely between negative 13 percent and negative 32 percent. This was conveyed by Plt. Director General of Foreign Trade, Srie Agustina. In a web seminar (webinar) on Trade Remedi in the Pandemic: Opportunities and Challenges Monday (8/6/2020). Even so, Srie sees that Indonesia's trade balance for the January-April 2020 period still recorded a surplus of USD 2.24 million. "It turns out that this surplus was con...
Economy and Finance

Entrepreneurs Open Their Voices After Sri Mulyani Rejects 0% New Car Tax

Jakarta - National automotive sector entrepreneurs must accept the fact that Finance Minister Sri Mulyani Indrawati rejects the exemption of new car tax. The plan is for the proposal to take effect in September-December 2020. The Association of Indonesian Automotive Industries (Gaikindo) ensures that it does not question Sri Mulyani's decision to reject the proposal for tax exemption, aka 0% for new cars. Chairman I Gaikindo, Jongkie Sugiarto assessed that the rejection of the proposal would have an impact on the performance of motor vehicle sales (KBM). "If the proposal is rejected due to government considerations, that's okay. "Only the increase in the sales figures for the KBM will also move a bit slowly." Said Jongkie when contacted by Media. Jakarta, Tuesday (20/10/2020). He expl...
Economy and Finance

The World Bank Has Reminded Indonesia Of The Bad Impact Of The Omnibus Law

JAKARTA - The World Bank has not only described the positive impact of the Omnibus Law in Indonesia. This report entitled in 'Long Road to Economic Recovery' which was released last July. In this report, this world institution apparently gave a view regarding the negative impact of the Omnibus Law on Cipta Kerja. "This bill also proposes reforms that could have devastating consequences. Especially in the current economic environment," wrote the World Bank in its report. For example, the proposals in this bill concerning relaxation of requirements for environmental protection. And this law would destroy a wealth of natural resources. Which are essential for the livelihoods of many people and could have a negative impact on investment. "However, the cause of the delay and uncertainty i...
Economy and Finance

If Europe Lockdown Again, Indonesia Hopes It Won’t Interfere With Their Exports

Jakarta - A number of European countries are planning to carry out regional closures or lockdowns to prevent the second wave of transmission of the coronavirus (Covid-19). Director General of Foreign Trade, Didi Sumedi, hopes that the closure of Europe will not disrupt exports. Didi said lockdowns usually focus on limiting the movement of people, the majority of whom use air transportation. "Hopefully it won't affect our exports, because most of them are exported to Europe via sea cargo," said Didi when contacted by Kontan.co.id, Thursday (24/9). Even so, business actors still express concerns. Deputy Chairman of the Indonesian Chamber of Commerce and Industry (Kadin) for International Relations Shinta Widjaja Kamdani said "that the lockdown would create negative risks for Indonesian...