ON BUSINESS

#ECONOMY

Bank Indonesia Set to Buy Gov't Recovery Bonds

Indonesia had abandoned the practice – basically the central bank printing money for the government – in 1999 to impose fiscal discipline.

01 April 2020 | 03:24 PM

#ECONOMY

Indonesia Drops 3% Budget Deficit Cap for $25b Covid-19 Stimulus

The additional spending would be focused on healthcare, social safety net, tax breaks and restructuring business loans. 

31 March 2020 | 03:55 PM

#POLICY

SOE Minister Says 'Strategic Projects' Will Continue During Coronavirus Epidemic

Erick Thohir said Indonesia does not want to get left behind when the epidemic is over.

30 March 2020 | 09:46 PM

#TRAVEL

More Restrictions at Indonesian Airports to Prevent Spread of Covid-19

The pandemic has already reduced airport revenues by 20 percent.

30 March 2020 | 02:34 PM

#CORPORATE NEWS

Local Manufacturers Can Meet PPE, Medicine Demand During Pandemic

Indonesia can make 17.3 million pieces of coverall suits, 717 million pair of gloves and 150 million pieces of surgical masks per month

29 March 2020 | 10:40 PM

#CORPORATE UPDATES

APP Sinar Mas China Donates 40 Tons of Medical Supplies to Indonesia

Indonesia is in dire need of personal protective equipment for its medical workers amid rising number of Covid-19 patients

27 March 2020 | 08:45 PM

#ECONOMY

Gov't Mulls Over Issuing Recovery Bonds to Protect Workers Against Layoffs

The government will sell new bonds to Bank Indonesia and private investors and use the proceeds for special loans to local businesses.

26 March 2020 | 05:19 PM

#COMMODITY

Gov't Imports to Secure Supply of Staple Food During Pandemic

The government urges Indonesians to avoid panic buying to keep prices stable.

26 March 2020 | 03:58 AM

#SECURITIES

OJK Shortens Stock, Bond Trading Hours

The bourse will be open for trading for just for hours every day starting next week until the OJK lifts the restriction.

25 March 2020 | 04:18 PM

#ECONOMY

G20, World Bank, IMF Set Up Covid-19 Relief Fund

The IMF has projected a global recession worse than the 2008 global financial crisis.

25 March 2020 | 01:06 AM