Tuesday, October 12We Deliver News To You

Tag: Economic

Economy and Finance

The Covid-19 Pandemic, Paper Exports to Japan Are Wide Open

JAKARTA - The potential for exports of Indonesian forestry industry products from the upstream-downstream sector to Japan is still wide open. However, it still has to comply with strict environmental preservation regulations in Japan. The Indonesian Ambassador to Tokyo, Heri Akhmadi, said that Indonesia was one of the top three exporters of paper products to Japan. With a 13 percent share and competing with China, the United States, Finland and South Korea. In connection with the Sustainable Development Goals (SDGs) in the pulp and paper industry. Heri emphasized that in the cooperation of the upstream-downstream forestry industry. Indonesia-Japan, it is necessary to improve coordination, communication and attention to local communities. SDGs Becomes a Tool for Indonesia-Japan Cooper...
Economic Recovery Is More Visible
Economy and Finance

Economic Recovery Is More Visible

JAKARTA - Indonesia is said to have passed a critical point in the economy due to the impact of the Covid-19 pandemic. The government and Bank Indonesia (BI) are optimistic that Indonesia's economic growth will begin. to enter the positive zone in the fourth quarter of this year. In 2021, the domestic economy is estimated to recover and grow again in the range of five percent. They conveyed this belief by President Joko Widodo and BI Governor Perry Warjiyo at the BI Annual Meeting which they held virtually, Thursday (3/12). Indonesia is technically in a recession zone as economic growth contracted in two consecutive quarters. In the second quarter, the Indonesian economy contracted 5.32 percent. Although the economy in the third quarter was still minus 3.49 percent, this indicates a r...
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...
Economy and Finance

UMKM Must Be Creative During the Pandemic

JAKARTA - The Ministry of Cooperatives and Small and Medium Enterprises (UMKM) stated that business people must be patient, resilient, and creative during a pandemic. They also have to be able to diversify their business, so that if one business dies, they can move to other businesses. "Creativity must not die. That is the message of the Minister of Cooperatives and SMEs that we must remember and hold". Said the Secretary of the Ministry of Cooperatives and SMEs, Prof. Rully Indrawan. When opening the West Java Youth Creative Industry Week 2020 with the theme 'Expo and Awarding of Creative Industry Product Innovations. West Java Youth 'in Bandung, Monday (23/11). On that occasion, he also reminded again, the current condition of the Indonesian economy is experiencing a difficult period...
Economy and Finance

Indonesia – Japan Cooperation to Meet Bioenergy Needs

JAKARTA - The Coordinating Ministry for Economic Affairs is in synergy with the Indonesia - Japan Business Network (IJB-Net) to encourage the development of renewable energy (EBT). This collaboration was inaugurated at the Kick Off Meeting on the Work Plan to Meet the Needs of the Bioenergy Market Japanese Jakarta, Tuesday (10/11). They carry cooperation out in coordinating the preparation of work plans to meet the needs of the bioenergy market in Indonesia, Japan and the world. The Coordinating Minister for Economic Affairs Airlangga Hartarto. He explained that the synergy between the two parties aims for Indonesia as a bioenergy producer. Those who are able to supply the needs of Indonesia, Japan and the world. He said in an official statement on Tuesday (10/11). Airlangga explained...
World

China Would Operate Ports in Sudan Soon

Khartum - China 21st century maritime Silk Road will soon have a new, unexpected mission: to send camels from Africa. When the Haidob port on Sudan's Red Sea coast is completed by the end of next month. It is believed to be the country's impoverished hub to export sheep, goats and iconic mammals in the desert to eastern markets. Quoted by Bloomberg,on Wednesday (11/11), operator Sudan port said this latest part of the Belt and Road Initiative, urged China to revive and expand the ancient route to Europe and Africa using cutting-edge infrastructure. Constructed by China Harbor Engineering. This 120 million euro or roughly $ 141 million project is another example of Beijing forging links with some of the world's. More obscure but potentially lucrative locations. Further down Africa's ea...
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...
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

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...