Friday, January 21We Deliver News To You

Tag: Coronavirus

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...
World

List Of Countries Experiencing Economic Recession During The Covid-19

The Coronavirus pandemic that continues in the world, not only causes a health crisis. To make matters worse, the economies of a number of countries have also been destroyed and are in danger of experiencing a recession. In this time, Britain officially experienced an economic recession during Most recently the Covid-19 pandemic. The news was announced Wednesday (12/8/2020). A recession, according to financial writer David Rodeck, quoted from Forbes (June 15, 2020), is a significant decline in economic activity that lasts for months or even years. A country is said to be in a recession when the economy experiences negative gross domestic product (GDP) for a long period of time. Pandemic Covid-19 Makes Several Countries Into Recession These conditions will increase the number of unem...
Economy and Finance

Philippines Announces Economic Recession Due to CoronaVirus Pandemic

Philippines is officially experiencing a recession due to the coronavirus pandemic. The statistical authority recorded an economic shrinkage of 16.5 percent in the second quarter of this year. The updates on the financial downturn was reported by the Philippine Statistics Authority on Thursday (6/8), considering the current condition the greatest decrease in (GDP) information since 1981.  The nation recorded a GDP shrinkage of 16.5 percent all through April to June quarter. Then, in the past quarter, GDP shrunk by 0.7 percent. Why Philippines Can Get Into A Recession The monetary constriction happened because of the tight lockdown framework set up to smother the spread of the Covid in the nation. Counting, the conclusion of various business exercises and the lockdown renewed intro...
Economy and Finance

U.S. shopper spending appears to slow in August

U.S. shopper spending seemed to slow in August as expanded joblessness benefits were cut for many Americans, offering more proof that the financial recuperation from the Coronavirus downturn was vacillating. Center retail deals, which relate most intimately with the purchaser burning through part of total national output, fell 0.1% a month ago after a downwardly reexamined 0.9% expansion in July, the Trade Division said on Wednesday. This class, which avoids autos, fuel, building materials and food administrations, was recently answered to have progressed 1.4% in July. Business analysts surveyed by Reuters had conjecture center retail deals rising 0.5% in August. In general retail deals expanded 0.6% in August, partially as higher fuel costs upheld receipts at administration stations....