Thursday, October 29We Deliver News To You

Tag: economic news

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

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...
Economy and Finance

A Reason Why Apple Stock Dropped After They Launched The Iphone 12

Apple on Tuesday (13/10) officially released the iPhone 12 line, which many parties have been waiting for. Unfortunately, after its release, Apple's stock fell by 4%. MarketWatch lists shares of Apple Inc. (AAPL), -0.39%, down 2.65% to US $ 121.10 on Tuesday. The fall of Apple's shares halted the gains that had been achieved for two consecutive days. AAPL closed at US $ 16.88, far below the record high on September 2 which reached US $ 137.98. The performance of this Apple stock looks even worse when compared to a number of its competitors in the same sector on the same day. For example, Microsoft Corp. (MSFT), -0.54%, up 0.66% to US $ 222.86, Alphabet Inc. Cl A (GOOGL), -0.51%, up 0.16% to US $ 1,567.07, as well as International Business Machines Corp. (IBM), -0.83%, down 1.66% to US...
World

Global Economic Growth Predicted To Minus 5 Percent, Worst In 80 Years

Chief Economist of PT Bank CIMB Niaga Tbk, Adrian Panggabean, predicted that the global economy will contract by minus 5 percent in 2020. Adrian even said that this contraction was the worst in the last 80 years. In 2021, the global economy will recover (rebound) partially in the range of 3 percent-4 percent. "The projection range of global economic growth is in the range of -5 percent to -4 percent in 2020, the worst in 80 years," said Adrian in his report, Wednesday (14/10/2020). Adrian said that the global economic recovery in 2021 is still marked by high uncertainty. Next year, it seems that there are still sharp business fluctuations. Recovery can be patchy across countries. Especially at this time, the Covid-19 virus still infects more than 140 countries in the world. Hopes for a s...
World

The Road to Global Economic Recovery After the Covid-19 Pandemic Ends

The impact of the Covid-19 pandemic on the global economy this year is not as bad as initially thought. International institutions are busy revising the global economic projections better, although they are still contracting. However, economic recovery to pre-pandemic levels has yet to go through a long climb and is prone to falls. In the October edition of the World Economic Outlook report released by the IMF on Tuesday (14/10). The projection for the global economy this year is negative 4.4%, better than June's prediction of minus 5.2%. However, it is estimated that the world economy will grow at a slower pace than the previous prediction, which grew by 5.4% to 5.2%. IMF Chief Economist Gita Gopinath explained that this year's economic projection is better than the initial prediction ...
Economy and Finance

Could Indonesian Economy Grow 5% Next Year?

After being battered in 2020, the Indonesian economy is believed to soar in 2021. The government it self is targeting economic growth in 2021 to reach 5%. Deputy Minister of Finance Suahasil Nazara explained why the government is so confident in these projections. One of the reasons is because of the contraction in the economy this year. "The improvement from seeing yesterday we hope that the conditions in the second quarter of 2020 are sufficiently negative. We hope that gradually there will be an improvement in consumption, improvement in investment and with the support of consumption and government activities, we hope that it will contribute to growth. economy 5%, "he said in a virtual press conference, Wednesday (30/9/2020). Suahasil continued, technically if economic growth is nega...
Economy and Finance

Global Survey: Job Loss Concern Threatens Economic Recovery

YouGov's most recent overview of 26 nations, including 27,681 respondents, shows shoppers around the globe are worried about positions and family unit financial plans. They likewise will in general be cautious in going through or putting away cash. The pandemic of Covid making the world monetarily shaky, representing a danger to the worldwide downturn hit economy if individuals want to spare instead of spend. Detailed by Bloomberg, Monday (7/13/2020), YouGov's most recent review in 26 nations including 27,681 respondents, shows that shoppers around the globe are worried about work and family spending plans. They additionally will in general be cautious in going through or putting away cash. This recommends indications of recuperation referred to by some policymakers as purposes behind p...
Economy and Finance

Omnibus Law Becomes A Scenario To Save Indonesia’s Economy From A Crisis

Special Staff of the Minister of Finance Yustinus Prastowo assessed that the Draft on Omnibus Law Job Creation is the policy most likely to be taken by the government to overcome the economic crisis in the midst of the coronavirus pandemic (Covid-19). According to him, the regulatory plan is not the best choice. However, the Job Creation Bill is the most rational option to respond to current conditions. "Omnibus Law In our opinion, is the most likely strategy at this time, not the ideal one. Maybe it is not the best policy, maybe not the second best, but it is the most likely to be taken right now to answer objective needs," he said in a teleconference session, Tuesday (14/7/2020). "That there are definite shortcomings. But whether this is all bad or not. So I believe there are good thin...
Economy and Finance

IMF Was Worried Because the World Economy Is Still Horrible

IMF Chief Economist Gita Gopinath voiced pessimism about the current global economic conditions. His side admitted that he was looking for signs of recovery of the global economy, but it was difficult to find them. "Over the course of the year, it has become increasingly difficult to find these bright spots. There is potential for recovery, and we are still looking for it all over the world, but I have to admit it has become increasingly difficult to find them," Gopinath said as quoted by CNBC. The existence of trade tension that occurs is said to be one of the risks threatening the economy. Global growth has been restrained and is considered fragile . "The developments we have seen lately give us great concern about what will happen to future growth. To note, the trade war between th...
Economy and Finance

Reasons for the US Economy Recovering Fast from the Corona Pandemic

Economy in some states of the United States began to recover after a pandemic struck coronavirus during the last six months. Some of these recoveries include the real estate sector starting to develop rapidly in Maine, the unemployment rate dropping below 5 percent in Nebraska and the working hours of MSME employees that have started to increase in Rhode Island. Back to Normal Index Moody's Analytics Shows the state's economy has returned to working almost 88 percent of its pre-pandemic March conditions.  This rate is the most noteworthy throughout the previous half year. Despite the fact that not yet completely recouped, these states' bounce back are additionally among the most grounded in the United States. So for what reason would they say they are recuperating such a great amount...