Business News
No Investment Pullouts Despite COVID-19 Outbreak, Luhut Says
The COVID-19 pandemic has yet to affect investors’ investment plans in the country, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has said.“No single project sees any cancellation,” Luhut told reporters in an online briefing on Tuesday, despite adding that some projects were expected to stall between April and June…
IMF Projects 0.5% Growth for Indonesia as Global Economy Faces Deep Recession
Indonesia’s economic growth is expected to remain in positive territory this year, albeit ever so slightly, as the coronavirus pandemic puts the global economy at risk of its worst recession since the Great Depression of 1930, according to the International Monetary Fund (IMF).In its April update to the World Economic…
Foreigners banned from entering Indonesia
Indonesia has temporarily banned foreigners from entering Indonesia as mitigation efforts are continuing to curb the spread of COVID-19 in the country. The ban, which is stipulated in the newly issued Law and Human Rights Ministry Regulation No.11/2020 on the temporary prohibition of foreigners entering Indonesia, became effective on April…
Government's Good News in the Middle of Corona Virus
In the midst of the corona outbreak that has not yet ended, it turns out that the Indonesian government has good news by issuing several policies to support the economy and prevent the spread of the virus. Let's see more in here. Giving stimulus to the economy Corona virus stops…
