Edition:
United Kingdom

Maikel Jefriando

Spotlight on Indonesia's slow stimulus as economy shrinks

06 Aug 2020

JAKARTA Indonesia's efforts to support its economy through the coronavirus crisis were being hampered by the slow disbursement of a $50 billion stimulus plan, economists said.The World Bank and Indonesian government have warned that millions more people risk being plunged into poverty amid the pandemic, as data showed the economy shrank for the first time since 1999 in the second quarter.

Indonesian economy shrinks for first time since 1999 in second quarter

05 Aug 2020

JAKARTA Indonesia's economy had its first quarterly contraction in over two decades, official data showed on Wednesday, with the government promising faster stimulus spending in coming months after a battering from the coronavirus pandemic.

Indonesia may return tax to companies amid pandemic: deputy finance minister

24 Jul 2020

JAKARTA Indonesia is considering returning tax paid by companies to support them during the coronavirus pandemic, the country's deputy finance minister said on Friday, as the government seeks to retune parts of its economic stimulus.

Exclusive: Indonesia considers putting banking regulation under central bank - sources

02 Jul 2020

JAKARTA Indonesian President Joko Widodo is considering issuing an emergency decree to return banking regulation to the central bank's remit, amid concern about how the COVID-19 pandemic is exposing strain in the financial sector, sources told Reuters.

Indonesia central bank pressured to amplify pandemic response

18 Jun 2020

JAKARTA Indonesia's central bank came under pressure from lawmakers on Thursday to escalate its response to the economic fallout from the coronavirus pandemic, even as it cut its benchmark interest rate to a two-year low.

Indonesia's Bank Central Asia may support banks needing liquidity

12 Jun 2020

JAKARTA Bank Central Asia (BCA) , Indonesia's largest bank by market value, may join a government programme to lend to banks to improve their liquidity, its president director told Reuters.

Indonesia park to spearhead bid to lure China supply chains

12 Jun 2020

JAKARTA Indonesia plans to build one of its largest industrial parks on the north coast of Java island in a renewed drive to attract manufacturers relocating out of China as Southeast Asia's biggest economy comes out of a coronavirus-induced lockdown.Yet, despite its low wages and huge domestic market Indonesia must overcome decades-old hurdles including red tape, rigid labour laws, and poor infrastructure to be able to move up the global manufacturing value chain.

Indonesian unions cancel rally as president delays labour rules debate

24 Apr 2020

JAKARTA Indonesian trade unions on Friday called off a rally planned for next week after President Joko Widodo said he would postpone a parliamentary discussion on changes to labour rules.

UPDATE 1-Indonesian unions cancel rally as president delays labour rules debate

24 Apr 2020

JAKARTA, April 24 Indonesian trade unions on Friday called off a rally planned for next week after President Joko Widodo said he would postpone a parliamentary discussion on changes to labour rules.

Indonesia bans traditional Ramadan exodus to rein in coronavirus

21 Apr 2020

JAKARTA Indonesia will ban its traditional annual exodus by people streaming out of cities at the end of the Muslim fasting month of Ramadan, as the Southeast Asian nation looks to curb the spread of coronavirus, President Joko Widodo said on Tuesday.

World News