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Tag: covid-19

Economy and Finance

Jokowi Claims Indonesia Can Control Two Crises

JAKARTA  - President Joko Widodo (Jokowi) said that Indonesia will experience various ordeals when entering 2021. Jokowi's opinion was conveyed by Jokowi when he gave a virtual speech at the opening of the Complete Workers Council for the Fellowship of Churches in Indonesia (MPL- PGI) in Jakarta, Monday (25/1). "Throughout 2020 and entering 2021, we face several tests, some very tough trials, the Covid-19 pandemic that hit the world of 215 countries and Indonesia has resulted in a health crisis and an economic crisis," Jokowi said. can control these two crises well. "However, the problem has not been completely resolved. The pandemic is still ongoing and we are still alert and alert. A few days ago, South Kalimantan was hit by floods that hit several districts and cities, landslides...
World

Sri Mulyani’s Hopes for the New US President Joe Biden

JAKARTA - Minister of Finance Sri Mulyani hopes that the president-elect of the United States (US) Joe Biden can accelerate the economic recovery global. Especially when the world is still facing uncertainty when the spread of the coronavirus is still endemic in many countries. "The United States has a new president. This is hope for recovery for the world economy, in addition to China's economic recovery. Although it is still below three percent," he said in a virtual discussion on Thursday (21/1). On Wednesday (20/1) local time, Joe Biden and his vice president. Kamala Harris was sworn in simply on the lawn of the Capitol Building, Washington DC. Through a change in leadership in this superpower country. Sri Mulyani hopes that the global economic recovery will also help improve the ...
Economy and Finance

Jokowi Asks PPATK to Anticipate Shadow Economy

JAKARTA - President Jokowi asked the Financial Transaction Reports and Analysis Center (PPATK) to mitigate illegal underground economic activities (shadow economy) to cybercrime that destroys financial system stability. "We must mitigate conditions that disrupt the integrity and stability of the economic system. And the financial systems, such as the shadow economy, increase in economic crime. As well as cybercrime and other crimes that utilize the latest technology," the President said in a virtual manner in Jakarta, Thursday (14/1 ). This was conveyed by the President in the Annual Coordination. And Direction of the President of the Republic of Indonesia regarding the Prevention and Eradication of Money Laundering (TPPU). And Terrorism Funding (TPPT) in 2021. In addition to anticipa...
Economy and Finance

Tightening PSBB, Potentially Negative Economy

JAKARTA - Indonesia's Center of Reform on Economics (CORE) economist Yusuf Rendy Manilet said that the tightening of social restrictions imposed by the government next week will have a significant impact on the economy. This policy even has the opportunity to drive economic growth at a negative level, especially in the first quarter. This potential is even higher if the approach taken by the government in making several policies. Is relatively the same as the previous implementation of Large-Scale Social Restrictions (PSBB). "Where are there still local residents who are not discipline in implementing health protocols," said Yusuf when contact Thursday (7/1). PSBB Is Forced To Be Done If You Don't Want Covid-19 Cases To Increase On the other hand, Yusuf added, PSBB must be carried...
Economy and Finance

Hugaf Supports UMKM to Revive in the Pandemic Era

JAKARTA - Towards the end of the year, the Covid-19 pandemic is still ongoing in Indonesia. Apart from the health crisis, Covid-19 also led this country to an economic recession which resulted in many business actors experiencing losses. The government has made various efforts to save the economy, where Micro, Small and Medium Enterprises (UMKM) are the priority. As is known, more than 99 percent of businesses in Indonesia come from UMKM. At present, UMKM are challenged to withstand various pressures and adapt to all conditions including uncertainty regarding the duration of the pandemic. UMKM is also expect to be able to make this crisis a place to forge themselves. One of them is by increasing business knowledge so that it can survive a pandemic. In the midst of a pandemic, UMKM, es...
World

2020 The Year Of Sharing The Burden To Save The Economy

JAKARTA - 2020 may be a gloomy year that all human beings on earth want to forget because of the extraordinary event of the pandemic Covid-19. All hopes and dreams have been replaced with uncertainty and dark fantasies. Since the plague thought to have originated in Wuhan, China, spread rapidly and infected humans who neglect to maintain cleanliness. The world is re-imagined by the great plague that occurred almost a century ago. And claimed millions of victims around the world namely the Spanish Flu in 1918-1920. Since then, economic activity has begun to slow down in line with the limitations of human activities. And goods and services due to the Large-Scale Social Restrictions (PSBB) policy. Indonesia recorded a contraction in the second quarter of 2020 minus 5.32 percent or for the...
World

World Bank: Indonesia Economy Is Starting Recovery, but not evenly distributed

JAKARTA - The World Bank assesses that Indonesia economy is slowly recovering after some domestic and global economic activities have reopened. However, the pace of recovery has been uneven in various sectors, especially those with high contact intensity. Acting Chief Economist of the World Bank for Indonesia Ralph van Doorn explained that Indonesia's economic growth began to improve with a smaller contraction from minus 5.3 percent in the second quarter to minus 3.5 percent in the third quarter. The recovery was mainly due to partial improvements in consumption, including significant increases in public spending, investment and exports. “But the pace of Indonesia’s economic recovery has not distributed,” he said at the launch of the Indonesia Economic Prospects (IEP) December 2020, Th...
Economy and Finance

Sri Mulyani Emphasizes Paying Taxes to Safeguard the State

JAKARTA - Finance Minister Sri Mulyani Indrawati emphasized that all taxes that must be paid by the public are an effort to keep the country able to withstand various pressures including the Covid-19 pandemic. The taxes collected are used to realize various aspects the community can enjoy that, from infrastructure to quality education. "Why do we pay taxes? That is to protect Indonesia, to return to society. Why do we buy drinks with taxes or do parents pay taxes? "It's not because the state makes it difficult for parents. But the money that we raised so that Indonesia can run again". She said at the Ministry of Finance's online event in Jakarta, Monday (30/11). She said that they aimed at the development of infrastructure that was being intensified by the government. At making all act...
World

Bio Farma Monitors Sinovac Vaccine Clinical Trial in Bandung

JAKARTA - BUMN vaccine producer, PT Bio Farma is still monitoring the process phase 3 clinical trial for the Covid-19 vaccine from Sinovac in Bandung, West Java. Bio Farma is still waiting for the final results of the clinical trial to then prepare the Sinovac vaccine production facility in the country. Operations Director of PT Bio Farma M Rahman Roestan said that this vaccine clinical trial was in collaboration between the Faculty of Medicine (FK) Padjadjaran University (Unpad) as a clinical trial center and the Health Research and Development Agency (Balitbangkes) of the Ministry of Health (Kemenkes) as an expert medical adviser as well as neutralization test. "Then Bio Farma also conducts essays and monitors to be ready for production. So in addition to this clinical trial. We are ...
Economy and Finance

Development of Covid-19 Vaccine Encourages Strengthening of IHSG

JAKARTA - The domestic stock market opened higher on trading Tuesday (17/11). The Jakarta Composite Index (IHSG) rose 0.50 percent to 5,522.58. Meanwhile, the LQ45 index rose 0.63 percent.  Head of research for Samuel Sekuritas Indonesia, Suria Dharma, said the sentiment of the vaccine Covid-19 still drove the strengthening of the IHSG. "The development of the Covid-19 vaccine encourages market optimism," said Suria, Tuesday (17/11). In addition, he continued. The strengthening of the IHSG was also driven by the strengthening of the United States (US) stock market. The US stock market closed overnight in the green zone with the Dow Jones rising 1.6 percent, the S&P 500 up 1.17 percent, and the Nasdaq gaining 0.8 percent.  Moderna reported positive results for the Covid-19 Vaccine ...