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Tag: Economy

Economy and Finance

These Are The Benefits And Challenges Of Bidenomics To Indonesian Goverment

JAKARTA - Indonesian Institute Development for Economic and Finance (Indef) economist Bhima Yudhistira said that the election of Joe Biden as president of the United States (US) is a new era for the global economy. Indonesia will also be positive. And by its challenges in the policies economics of the Biden era or often referred to as Bidenomics. The greatest potential for Indonesia is the increase in the value export of several commodities. Starting from clothes, apparel, and footwear to fishery products that have been exported to Uncle Sam’s country. This increase is because Biden plans to raise the federal minimum wage which will increase the purchasing power of the US public, especially the middle and lower class. "This will have an impact on product demands, including Indonesian ...
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...
World

Trump And Biden, Whic One Will Benefit Indonesia?

Jakarta: The certainty of the winner of the US presidential election. Whether Joe Biden or Donald Trump is returning to continue his leadership is being awaited by businessmen Indonesian. Both have plus and minus effects on the economy in the country. "We cannot say that the Trump administration or Biden. The president of the Democratic or Republican Party is better or worse for Indonesia and Indonesian business actors." Shinta told Medcom.id, Thursday, November 5, 2020. According to Shinta. The direction of state policy in The US will remain the same to solidify its position as a superpower. However, the two candidates have different styles in coming up with policies that often affect the global economy. So it is necessary to anticipate them in order to continue to provide benefits fo...
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

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

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 ...