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Tag: US

Economy and Finance

Rupiah Strengthens as Unemployment Increases in the US

JAKARTA - The rupiah exchange rate, which was transacted between banks in Jakarta on Thursday (26/11) morning, moved stronger in line with the increasing number of unemployed in the United States (US). At 9.41 WIB, the rupiah had strengthened 29 points or 0.2 percent to the position of IDR 14,115 per US dollar compared to the previous day's IDR 14,144 per US dollar. "The US dollar appears to be under pressure against major currencies such as the euro, pound sterling, and yen. Due to the rising weekly US unemployment benefit claims report. Which means the number of unemployed has increased," said Ariston Tjendra. Head of Research and Education at Monex Investindo Futures in Jakarta, Thursday (26 / 11). US initial jobless benefits claims data increased to 778,000 claims in November 2020 ...
Economy and Finance

Indonesian Export Performance Is Considered To Remain Solid In The Pandemic Era 

JAKARTA - Indonesia's trade performance recorded a surplus of 3.61 billion US dollars in October 2020. Thus, this is the sixth time trade balance Indonesia Has experienced a surplus in a row this year.  Researcher at the Institute for Economic and Social Research (LPEM), Faculty of Economics and Business, University of Indonesia (FEB UI), Mohammad Dian Revindo, assessed that a trade surplus occurred because export performance remained solid amid the Covid-19 pandemic. "Indeed, exports are solid during this pandemic. Export performance is almost the same as last year's export, which is not a pandemic situation, meaning exports are very solid," Revindo said, Thursday (19/11). Based on the records of the Central Statistics Agency (BPS), the export value in October 2020 reached 14.39 billi...

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

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...