pandemic covid-19 Archives

15Mar

By pen1 Comment

Economy and Finance

Rupiah Strengthens Supported by Recovering US Labor Market

JAKARTA - The rupiah exchange rate (exchange rate) which was trade between banks in Jakarta at the weekend move stronger. Supported by the recovery in the labor market in the United States. On Friday (12/3) at 9.55 WIB, the rupiah moved up 33 points or 0.23 percent to Rp 14,372 per US dollar. Compared to the position at the previous closing trade of Rp 14,405. Samuel Sekuritas analyst Ahmad Mikail in his study said the dollar index may weaken to a level of 91.3 today. Amid improving US labor market data. Initial jobless benefit claims in the US in the first week of March 2021 were record at 712 thousand people. Lower than expectations of 725 thousand people indicating a recovery in the US labor market. "The data is likely to encourage risk apatite for global investors to buy riskier fina...

1Mar

By pen1 Comment

Excel News

Indonesia Will Bring Two Types of Mutual Cooperation Vaccines

JAKARTA - The parent holding company of Pharmaceutical SOEs (HBF), Bio Farma and HBF members, Kimia Farma. Will bring in two types of Covid-19 vaccines, for the purposes of vaccination of Mutual Cooperation Covid-19. This type of vaccine is intended for private workers and employees and is given free of charge from each company where they work. Spokesman Bio Farma Bambang Heriyanto hopes that the Mutual Cooperation vaccination program will accelerate the vaccination program so that group immunity. Most importantly, this mutual aid vaccination will not interfere with the free vaccination. Two Types Of Vaccines "The two types of vaccines that will be import by Bio Farma and Kimia Farma. Include Moderna with the m-RNA platform. Which will be import by Bio Farma and Sinopharm with the ina...

22Feb

By pen1 Comment

Economy and Finance

Wow! Bitcoin Breaks the Record for the Highest Price of Rp. 650 Million

JAKARTA - The cost of Bitcoin took off to Rp. 650 for every million after Tesla Inc purchased Bitmoney worth 1.5 million US dollars or Rp. 21 trillion. In two days, the expansion in Bitmoney stretch around 20.9 percent, already Bitmoney was sold for IDR 540 million. Tesla turned into the main auto organization to purchase Bitmoney. Not just purchasing as a resource, the electric vehicle organization will likewise acknowledge Bitcoin exchanges. Indodax CEO Oscar Darmawan said Tesla is adding to a line of corporate organizations that purchase Bitcoin worth a large number of dollars or trillions of Rupiah. Already, various organizations, for example, Microstrategy Inc, Square, Tudor Investment Corp, JP Morgan, Citibank, and Paypal gave Bitmoney installments. "Tesla purchases Bitcoin worth ...

15Feb

By pen1 Comment

Economy and Finance

Pos Indonesia Distributes 95 Percent of the First Phase of Cash Social

JAKARTA - The government through the Ministry of Social Affairs is still running Assistance Social assistance programs in the midst of the pandemic in early 2021. Cash Social Assistance will target 10 million poor people in 33 provinces in Indonesia. Cash Social Assistance (BST) will be implemented for four months from January to April 2021. With a value of 300 thousand rupiah per head of the family. PT Pos Indonesia (Persero) as the Ministry of Social Affairs partner who handles the distribution channels. Utilizes more than 4,500 post office branches throughout Indonesia, as points for taking the Social Cash Assistance. Pos Indonesia Also Coordinated With The Local Government President Director Pos Indonesia Faizal Rochmad Djoemadi. Said Pos Indonesia has coordinated with the loca...

8Feb

By pen1 Comment

Economy and Finance

Jakarta Cancel The Lockdown, The Business World Is Relieved

JAKARTA - The DKI Jakarta Chamber of Commerce and Industry (Kadin) appreciates. The policy of the DKI Jakarta Provincial Government not to carry out lockdowns weekends like Central Java. This step is consider to help the business world have the enthusiasm to survive amid restrictions. On economic and social activities due to the pandemic. Deputy Chairperson of the DKI Jakarta Kadin Advisory Board Sarman Simanjorang. Explained that the Jakarta economy is driven by various service sector businesses whose activity is very high every weekend. The discourse on applying the lockdown at the weekend. That had circulated made business people worried about the potential decline in profits. Sarman said that the tightened implementation of the PSBB has made turnover drop sharply. Especially if the...

5Feb

By penNo Comments

Excel News

BPH Migas Makes Independent Jargas Investment Rules

JAKARTA - The government will continue to use the city gas network (jargas). To encourage domestic gas absorption and reduce imports of Liquefied Petroleum Gas (LPG). Meanwhile, to further encourage the use of jargas. The Downstream Oil and Gas Regulatory Agency (BPH Migas) will issue a new regulation in February 2021. The Company Committee, Jugi Prajogio, said that the regulation was an improvement from the previous regulation. Currently, the regulatory draft process is still ongoing. The previous regulation referred to was regulation BPH Migas No.22 / 2011 concerning pricing for household networks and small customers. Later, in the new regulation. The construction of the gas network will be accommodation with independent investments or investments made by business entities. "BPH Mig...

4Feb

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Economy and Finance

Budi Karya Promises to Improve National Aviation Safety

JAKARTA - Minister of Transportation (Menhub) Budi Karya Sumadi promises to be committed to improving the safety and security of national aviation. This was revealed in a hearing with Commission V DPR when discussing the crash of the Sriwijaya Airplane registration number PK-CLC SJ 182 which crashed in the Thousand Islands on January 9, 2021. "I ask colleagues in the sector air transportation to give their best efforts to continue. To improve the safety and security of national flights. Which is the mandate of international aviation regulations. And this will become an image of our flights in the eyes of the international community, ”said Budi, Wednesday (3/2). He ensured that the Ministry of Transportation would continue to make efforts to improve national aviation safety and security...

3Feb

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Economy and Finance

OJK’s Stimulus Policy to Promote Economic Recovery

JAKARTA - The Financial Services Authority (OJK) is encouraging accelerated economic recovery. Through the relaxation of prudential policies that are temporary and measurable. One of the things done by the authorities is to extend the restructuring credit until March 2022. And financing restructuring until April 2022. Chairman of the Board of Commissioners OJK Wimboh Santoso said that the authorities are also preparing a number of stimulus policies for the financial services sector to encourage economic recovery. "The relaxation is carry out to ease the burden on debtors who have not recover from the Covid-19 pandemic while at the same time maintaining financial sector stability," he said in an official statement, Wednesday (3/2). OJK note that the restructuring of loans bank was value...

2Feb

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Economy and Finance

Government Spending Support for Business

JAKARTA - The government is again providing support to the business world through government spending and financing throughout 2021. Support is provide in the form of extending interest subsidies for MSMEs to reducing electricity costs. This facility is part of an integrated policy package prepare by the Financial System Stability Committee (KSSK). This package is aim at increasing financing for the business world in order to accelerate economic recovery. With a mix of fiscal, monetary, macroprudential and financial sector prudential policies. Finance Minister Sri Mulyani said the source of funding to provide support to the business world. Was obtain from the refocusing and reallocation of state expenditure policies. "This is intent so that the burden on the business world, especially ...

1Feb

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Economy and Finance

Withdraw foreign investment through LPI to get tax relief

JAKARTA - Finance Minister Sri Mulyani plans to set an income tax rate (PPh) of Article 26 on dividends received. By foreign partners from the Investment Management Institution (LPI) at 7.5 percent. The amount, which is smaller than the usual rate, is intend to attract foreign investors to invest in Indonesian projects. The plan will be regulation in the Draft Government Regulation (RPP) onTax Treatment LPI. Which is part of Law Number 11 of 2020 concerning Job Creation. "The goal is to provide incentives so that these investors are interest in becoming partners with the LPI," said Sri in a virtual working meeting with Commission XI of the DPR on Monday (1/2). Policy Only for Foreign Tax Subjects This Tax policy applies to investments in Foreign Tax Subjects (SPLN) during the owner...