INDONESIA

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INDONESIA

135,123

Total Cases

6,021

Total Deaths

89,618

Total Recovered

39,484

Total Active Cases

0

New Deaths

0

New Cases


via thejakartapost08/14/2020

Indonesia calls for a pause in global conflict to ensure pandemic relief - The Jakarta Post - Jakarta Post

With Indonesia celebrating 75 years of independence on Monday and the United Nations commemorating 75 years of its establishment next month, Foreign Minister Retno Marsudi has called on members of the UN Security Council to maintain peace in the midst of the COVID-19 pandemic.

via agriculture08/14/2020

UPDATE 1-Indonesia president urges economic "reboot", boost to health care - Successful Farming

* President Widodo proposes $187 billion 2021 budget* Planned budget amounts to 5.5% of GDP deficit* Targets healthcare, social assistance* 2021 GDP growth seen at 4.5%-5.5%, vs near flat in 2020 (Recasts to adds president's budget speech)By Gayatri Suroyo and Tabita DielaJAKARTA, Aug 14 (Reuters) - Indonesia must use the coronavirus pandemic to reboot Southeast Asia's biggest economy, President Joko Widodo said on Friday, as he proposed a $187 billion 2021 budget that includes spending more on healthcare, including vaccines, and infrastructure.

via ca.finance.yahoo08/14/2020

Indonesia Sees Solid Post-Pandemic Recovery in 2021 - Yahoo Canada Finance

(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Indonesia’s president said the economy will rebound next year and the fiscal deficit will narrow as the outlook improves from this year’s coronavirus pandemic.The economy is forecast to grow 4.5%-5.5% next year, while the fiscal deficit is expected to narrow to 5.5% from this year’s 6.34%, President Joko Widodo said Friday in his annual budget speech in Jakarta. Spending is projected to rise to a record high of 2,747.5 trillion ($185.2 billion).Southeast Asia’s largest economy is experiencing its worst crisis in more than two decades as restrictions on movement to fight the pandemic and a plunge in global demand have wreaked havoc on households and business. With government revenue falling, Jokowi, as the president is known, has had to turn to the central bank to help share the burden, and said he intends to do so next year too.“The government is committed to delivering positive growth in 2021 and beyond by fiscal stimulus, and such counter-cyclical fiscal strategy is indeed appropriate,” said Enrico Tanuwidjaja, a Jakarta-based economist for United Overseas Bank Ltd. “The speed of implementation and disbursement on the ground of the real economy is key to achieve the growth target, and flexibility given to the fiscal deficit cap until 2022 will lend much-needed armor.”Indonesia’s economy shrank 5.32% in the second quarter compared to a year earlier, its first contraction in more than two decades. The country is still grappling with a surge in infections since the partial lockdown was eased at the end of May. Indonesia has more than 130,000 confirmed cases of Covid-19 virus and almost 6,000 deaths, the second-highest caseload and highest death toll in East Asia.(Adds more details throughout)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

via news.yahoo08/13/2020

Indonesia capital extends social restrictions as infections rise - Yahoo News

Indonesia's capital Jakarta extended its social restrictions on Thursday to stem surging coronavirus transmission as the country reported 2,098 new cases, its governor said. Indonesia has reported 132,816 coronavirus infections and 5,968 deaths. Jakarta logged 608 new cases on Thursday, bringing


via blogs.imf.org08/06/2020

COVID-19 Response in Emerging Market Economies: Conventional Policies and Beyond - International Monetary Fund

By Martin Mühleisen, Tryggvi Gudmundsson, and Hélène Poirson Ward Español, Português The economic impact of the COVID-19 pandemic on emerging market economies far exceeded that of the global financial crisis. Unlike previous crises, the response has been decisive just like in advanced economies. Yet, conventional policies are reaching their

via reuters08/06/2020

Spotlight on Indonesia's slow stimulus as economy shrinks - Reuters

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.

via thejakartapost08/05/2020

Meet the Indonesian student on Oxford's COVID-19 vaccine team - The Jakarta Post - Jakarta Post

Indra Rudiansyah– who has a bachelors degree in biotechnology and a masters degree in microbiology from the Bandung Institute of Technology in West Java – is among more than 200 scientists at the University of Oxford involved in the research and development of a possible COVID-19 vaccine.

via finance.yahoo08/14/2020

Indonesia Sees Solid Post-Pandemic Recovery in 2021 - Yahoo Finance

(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Indonesia will ramp up government spending to a record high next year and seek the central bank’s help in financing the budget deficit as it seeks to revive an economy reeling from the coronavirus pandemic.Gross domestic product is forecast to grow 4.5%-5.5% next year, while the fiscal deficit is expected to narrow to 5.5% of GDP from this year’s 6.34%, President Joko Widodo said Friday in his annual budget speech in Jakarta. Spending is projected to rise 0.3% to 2,747.5 trillion ($185.2 billion), while revenue is seen rising 4.5% to 1,776.4 trillion rupiah.Southeast Asia’s largest economy is experiencing its worst crisis in more than two decades as restrictions on movement to fight the pandemic and a plunge in global demand have wreaked havoc on households and business. With government revenue falling, Jokowi, as the president is known, has turned to Bank Indonesia to help share the burden, and said he intends to ask the central bank for help again next year.“The global economic recovery will likely be a modest one next year, and a more gradual pace of fiscal consolidation is justifiable,” said Joseph Incalcaterra, HSBC Holdings Plc’s chief Asean economist. “Further details and clarification on the financing plan will be crucial for the market,” especially regarding the nature of the central bank’s assistance.Rupiah HitThe Jakarta Composite Index gained 0.2% Friday to 5,247.69. The rupiah extended its losses for a seventh straight day, weakening 0.1% to 14,795 to the dollar.Indonesia’s economy shrank 5.32% in the second quarter compared to a year earlier, its first contraction in more than two decades. The government cut its GDP forecast for this year to -1.1% to 0.2% growth, Coordinating Minister for Economic Affairs Airlangga Hartarto said at a briefing later Friday, as the country grapples with the highest virus death toll and second-highest caseload in East Asia.Finance Minister Sri Mulyani Indrawati said the so-called burden sharing agreement with Bank Indonesia -- in which the central bank will buy $27 billion in bonds directly from the government this year -- is a one-off arrangement. But the central bank will still remain a standby buyer of bonds sold by the government to meet the deficit next year, she said.What Bloomberg’s Economists SayBank Indonesia’s burden-sharing arrangement with the government for 2020 already put the central bank’s hard-earned reputation and the country’s macro-stability at increased risk. Even so, there’s probably no more-palatable alternative to the central bank’s rescue. The government needs to quickly ramp up spending to avert a dual health-economic crisis, but that requires issuing many more bonds than the market can digest at affordable borrowing costs.Click here to read the full noteTamara Mast Henderson, Asean economistThe government will focus spending to accelerate the economy’s rebound from the pandemic, Jokowi said adding it will also push for structural reforms to increase productivity and competitiveness. Earlier, in his customary annual address ahead of the independence day, the president said the crisis spawned by the pandemic was an opportunity to reboot the nation’s economic, legal, health and education systems and put it on path to become a developed country.“The focus on government spending in 2021 is still around the recovery plan,” said Josua Pardede, an economist at PT Bank Permata in Jakarta. “Even though the government gave optimism about a high level of growth in 2021, the economic recovery would not be as smooth as projected, even if a vaccine for COVID-19 is invented.”Other key details of the budget:Inflation seen at 3% next yearInfrastructure spending of 414 trillion rupiahHealth-care spending of 169.7 trillion rupiah -- up from 132.2 trillion -- including to facilitate vaccine procurement356.5 trillion rupiah set aside for the government’s economic recovery programTaxation revenue target set at 1,481.9 trillion rupiah419.3 trillion rupiah for various social safety net programs and direct cash transfers to the poor549.5 trillion rupiah earmarked for educationThe government expects the rupiah to average about 14,600 to the dollar next yearDisbursement of 796.3 trillion rupiah for funding of regions and villages“The government is committed to delivering positive growth in 2021 and beyond by fiscal stimulus, and such counter-cyclical fiscal strategy is indeed appropriate,” said Enrico Tanuwidjaja, a Jakarta-based economist for United Overseas Bank Ltd. “The speed of implementation and disbursement on the ground of the real economy is key to achieve the growth target, and flexibility given to the fiscal deficit cap until 2022 will lend much-needed armor.”(Updates with finance minister’s comment in seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

via news.mongabay08/14/2020

FSC slammed for slow probe into deforestation by firms linked to Indonesia's richest man - Mongabay.com

JAKARTA — Activists say the Forest Stewardship Council, the world’s leading sustainable forestry certifier, has failed to properly investigate reports of alleged deforestation by companies linked to Indonesia’s wealthiest individual. In December 2019, the environmental group Auriga Nusantara filed a formal complaint with the FSC, alleging that pulpwood plantation companies PT Fajar Surya Swadaya (FSS) […]


via news.un.org08/12/2020

Amid COVID-19, UN commitment to peace 'more urgent than ever' - UN News

COVID-19 threatens not only hard-won development and peacebuilding gains, but also “risks exacerbating conflicts or fomenting new ones”, the UN chief reminded the Security Council on Wednesday, during a briefing on the challenges to achieving sustainable peace, while pandemics ravage communities worldwide.   |

via thejakartapost08/07/2020

Discourse: Indonesia must go back to basics for COVID-19 recovery: UN official - The Jakarta Post - Jakarta Post

Vulnerable groups are those that are just a little above the poverty line and are prone to falling into poverty due to external shocks from the pandemic. It also includes women because not only do they work in the informal sector but they also have to share the burden of taking care of the family.

via indonesia-investments08/06/2020

COVID-19 Update Indonesia; Consumer Behavior Changes as Social and Business Restrictions Ease - Indonesia Investments

The risky decision of Indonesia’s central government and regional governments to (gradually) ease the various self-imposed social and business restrictions (that had been imposed in April 2020) has caused changes in economic activity in Indonesia, particularly in consumer behavior, starting from June 2020.

via menafn08/06/2020

Indonesia's rise in domestic violence during the COVID-19 pandemic: why it happens and how to seek help - MENAFN.COM

For 19-year-old Indah (not her real name), the COVID-19 pandemic has led to her worst nightmare.

Since her brother and his wife went back to their parents' house after he lost his job due to the pandemic, she has been the target of her brother's rage.

'My brother hit me, pulled my hair, and kicked me several times. My lower abdomen is now sw

via news.mongabay08/05/2020

Helping the poor can protect forests too, Indonesian welfare program shows - Mongabay.com

JAKARTA — Lifting people out of poverty in Indonesia has also helped slow the country’s rate of deforestation, a new study finds. The study looked for links between deforestation data and a government poverty-alleviation program launched in 2007 and known as PKH — at the time the biggest of its kind in the world. “If […]


via news.mongabay08/14/2020

FSC slammed for slow probe into deforestation by firms linked Indonesia's richest man - Mongabay.com

JAKARTA — Activists say the Forest Stewardship Council, the world’s leading sustainable forestry certifier, has failed to properly investigate reports of alleged deforestation by companies linked to Indonesia’s wealthiest individual. In December 2019, the environmental group Auriga Nusantara filed a formal complaint with the FSC, alleging that pulpwood plantation companies PT Fajar Surya Swadaya (FSS) […]

via straitstimes08/13/2020

ByteDance censored anti-China content in Indonesia until mid-2020: Sources - The Straits Times

SINGAPORE (REUTERS) - Chinese tech giant ByteDance censored content it perceived as critical of the Chinese government on its news aggregator app in Indonesia from 2018 to mid-2020, six people with direct knowledge of the matter told Reuters.. Read more at straitstimes.com.

via devdiscourse08/11/2020

Sinovac launches late-stage trial for potential COVID-19 vaccine in Indonesia - Devdiscourse

China's Sinovac Biotech Ltd launched on Tuesday a late-stage human trial involving as many as 1,620 patients in Indonesia for a COVID-19 vaccine candidate that it is developing with Indonesian state-owned peer Bio Farma. Sinovac has to test its vaccine abroad because China is no longer a satisfactory site for late-stage trials due to the low number of new infection cases.

via straitstimes08/06/2020

Genting Singapore reports its worst quarterly performance since 2010 amid coronavirus disruptions - The Straits Times

SINGAPORE - Genting Singapore suffered its worst-ever quarter since its opening in 2010, as pandemic-induced disruptions to the global travel and tourism industry coupled with a shutdown of nearly three months dragged the Singapore-listed casino operator into the red in the second quarter.. Read more at straitstimes.com.

via deccanherald08/06/2020

Human trials of coronavirus vaccine to begin in Indonesia - Deccan Herald

Human trials on a potential coronavirus vaccine are due to start in Indonesia next week as part of a collaboration between state-owned pharmaceutical company Bio Farma and China's Sinovac Biotech Ltd, a senior researcher said. The launch of the vaccine trial comes as Indonesia has struggled to contain the spread of the novel coronavirus, with a consistently escalating number

via straitstimes08/05/2020

Asian Insider, Aug 5: US-China tussle; Kashmir under curfew; Abe's rating drops - The Straits Times

Hi all, In today’s bulletin: China’s top diplomat in the US makes conciliatory remarks as Beijing’s rift with Washington widens; Prime Minister Narendra Modi lays foundation for temple at a disputed site in Ayodhya as Kashmir goes under curfew; talks of a post-Abe era as the prime minister’s rating slides, Indonesian economy contracts for the first time in nearly two decades,