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Tag: usa

Economy and Finance

Jokowi: UMKM Products Must Host in Their Own Country

JAKARTA - President Joko Widodo (Jokowi) encourages Indonesian UMKM products to be able to host in their own country. He also asked for various kinds of domestic products in order to flood various marketplaces with competitive quality. Especially during the current pandemic, he said online trade transactions had actually increased significantly. Jokowi also asked that online trade will dominated by locally made products. "Don't let trade online be dominated by the purchase of imported products. Don't let the existing marketplace be used more by global creative industry players, ”said Jokowi during his remarks at Indonesia Made Proud Award 2020through the channel Youtube Presidential Secretariat. Jokowi Explains the Main Key to Increasing Domestic Product Transactions Jokowi said th...
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...
Economy and Finance

CIPS: The Election Of Joe Biden Encourages Global Economic Recovery

JAKARTA - Center for Indonesian Policy Studies (CIPS) assesses that the election of Joe Biden and Kamala Harris from the Democratic Party as President and Vice President of the United States will contribute to efforts to recover the global economy. researcher CIPS Pingkan Audrine Kosijungan in a release in Jakarta on Monday said that the optimism was based on the two economic programs that tend to be open to international cooperation. "This will also bring benefits to Indonesia," he said. In addition, he continued, the election of Joe Biden as President of the United States also gave hope to the trade war situation with China. According to him,Biden's thought to be different from President Trump's. The United States under Biden's leadership made it possible to pursue more diplomacy i...
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

Recommendations for Most Beautiful Stocks for the US Presidential Election Trump vs Biden

JAKARTA - The general election that is currently taking place in the United States has caught the attention of market players. This is because whoever is elected to be the next US President will definitely have an impact on the global capital market. Including the Indonesian capital market. In line with the vote counting process that is taking place in Uncle Sam's country, the Composite Stock Price Index (JCI) collapsed in the red zone at the close of the market today, Wednesday (4/11/2020) WIB. In fact, at the beginning of trading until the end of the first session, the composite index walked smoothly in the green zone. Until the close of trading at 3:00 p.m. WIB, the JCI corrected by 1.05 percent or 54.25 points to 5,105.19. During the day, JCI was moving in the range of 5,105.19 - ...
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

Beware, The Fed Predicts Tragedy in the US Economy.

Dark clouds are likely to remain clung to the economy of the United States (US). In fact, recovery is still far away and the economy could shift toward danger. This awful figure was repeated by Federal Reserve Chair Jerome Powell. At the yearly gathering of the National Association for Economics and Business, he said the expansion in crown contaminations was again the fundamental factor. "(The second flood of crown) fundamentally restricts financial movement, also the unfortunate impact on life and prosperity," said Powell, cited from CNN International Wednesday (7/10/2020). "Dealing with this danger as extension proceeds will require master clinical direction, including wearing covers and social separating measures." Powell also asked for more fiscal stimulus. This is important, he s...
Economy and Finance

The Impact of Covid-19 On The United States Economy And Trump

At the end of 2019, the world was shocked by the emergence of an epidemic of disease originating from the COVID-19 virus in Wuhan, China. The COVID-19 pandemic is a very serious threat to the health of world citizens and not only that, the existence of this pandemic has made a country experience a crisis due to the inability of community activities in that country so that the country's economy is hampered and even died. Covid-19 Pandemic Hit Trump Administration With a very high level of spread, the COVID-19 virus is rapidly spreading in various parts of the world, counting that to date more than thirty five million people have contracted COVID-19 in the world (WHO, 2020). The United States (US) is one of the countries that has not escaped the impact of the COVID-19 outbreak. Even t...
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...