Economy

As many 1,266 hotels has closed their operations due to being impacted by the COVID-19 outbreak in Indonesia. This report has been received and confirmed by Chief of the Indonesian Hotel and Restaurant Association (PHRI) Hariyadi Sukamdani. Then the hotel employees itself were asked to take leave. “The latest report declared that 1,266 hotels have closed as of yesterday afternoon, …

Tanah Abang Market management introduced this morning that the market which is one in all Southeast Asia’s busiest textile marketplace will remain closed following the extension of the coronavirus (COVID-19) emergency period. Perumda Pasar Jaya president-director Arief Nasrudin says that the Tanah Abang reopening scheduled to take area on April 6 has temporarily been extended to April 19. The transient …

During the coronavirus or COVID-19 pandemic, the Indonesian government advises a work from home policy to most of company in the country, including Pertamina. The state-owned oil and gas company has guaranteed that domestic supplies of fuel and liquefied petroleum gas (LPG) remain secure. The company said its stock of diesel and gasoline, including the highly demanded Pertalite gasoline brand, …

Thai Airways International Plc may permanently reduce the number of aircraft types it deploys once the coronavirus outbreak that has caused the company to ground most of its fleet ends, said a senior government official on Monday. Thai Airways is grounding 69 of its 82 jets following a drop in passenger volume and route cancellations from the increased border restrictions …

Almost 20 million people registered for Covid-19 financial aid in less than 48 hours, almost seven times the number estimated by authorities. The handout — at 5,000 baht per person per month for three months from April — is intended for about 3 million temporary employees, contract employees and self-employed individuals who are not covered by the social security system, …

Commercial banks that made the announcements as of Saturday morning are Bangkok Bank, Kasikornbank, Siam Commercial Bank, Bank of Ayudhya, TMB Bank, Thanachart Bank, UOB, Kiatnakin, LH Bank and CIMB Thai. The state-owned GH Bank also closed on Saturday. Three other state banks made the same announcements earlier. They were the Government Savings Bank (GSB), Krungthai Bank and the Bank …

For the sake of combating fraudulent and irresponsible traders, a number of e-commerce companies in Indonesia clean up incompatible accounts in their platforms. Online store accounts that selling unproven coronavirus (COVID-19) health equipment and suspicious medical prescriptions are being monitored. As stated by Tokopedia Vice President of Corporate Communication, Nuraini Razak, it will permanently close thousands of accounts that have …

Two Indonesian start-ups, participate to help deal with the new coronavirus disease (COVID-19) in Indonesia that is now in very critical level. They collaborate with the Indonesian Ministry of Health to launch an innovative telemedicine service called “Check COVID-19”. “The telemedicine solution offered is immensely helpful for the Indonesian health system in screening patients at risk for COVID-19,” Secretary General …

Head of Operations Office of PT Aplikasi Karya Anak Bangsa (Gojek), Hans Patuwo said that the company has prepared an Income Assistance Program scheme for the drivers who are positively infected by Covid-19, which they cannot work and must get treatment. Not only that, in order to relieve ojol partners who are undergoing maintenance, his side will stop a number …

Minister of State-owned enterprises (SOEs) Erick Thohir has confirmed that six SOEs listed on the Indonesian Stock Exchange will buy back their shares. This step is in efforts to shore up the domestic money market amid the coronavirus outbreak. “We are processing (proposals for) share buyback at the stock exchange. But, for the time being, I have only allowed six …