Economy

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 …

Coordinating Minister for Economic Affairs Airlangga Hartarto begin launching the Pre-Employment Card (Kartu Pra kerja) on Friday (3/20/2020). The card will be trialled amid conditions of the spread of Covid-19 in Indonesia which threatens a number of employees experiencing Termination of Work (PHK). Considering the current conditions are still not conducive enough, this trial will be carried out by online …

Immigration authorities have moved to quell rumours of impending border checkpoint closures which had prompted Cambodians to cross into Thailand to buy bottled water. Arthit Yakaew, chief of the Aranyaprathet border checkpoint, on Friday denied that the ongoing Covid-19 outbreak would force the border crossing at Aranyaprathet and Ban Khao Din in Khlong Hat district to close. He dismissed the …

The Thai Chamber of Commerce is calling on the government to come up with urgent measures to help “salarymen” after many companies initiated 15-day leave programmes without pay. The group is also asking for cooperation from its members that are struggling from the adverse impact of the coronavirus outbreak to retain their more than 10 million employees as long as …

The Director General of Customs and Excise of the Ministry of Finance Heru Pambudi issued Circular No. SE-04 / BC / 2020 on March 17, 2020, which regulates the release of ethyl alcohol excise as a raw material for making hand sanitizers to antiseptics in order to accelerate the prevention of Corona virus in Indonesia. “To provide convenience in making …

There will be a new policy that being drafted in Presidential Regulation (Perpres) related to the national health insurance program or BPJS Kesehatan. The Indonesian government also drafting policy specifically support efforts in dealing with the coronavirus infection or COVID-19. This was said by Finance Minister Sri Mulyani Indrawati. “We will immediately draw up a presidential regulation to provide certainty …

Many services that involve social interaction will be temporarily canceled, starting from Monday, March 16, 2020. This was conveyed by the Executive Director of the Communication Department of Bank Indonesia or BI Onny Widjanarko, Tuesday (17/3). Onny explained, this was done as a form of prevention in response to the spread of the corona virus or Covid-19 in Indonesia. Because, …

International travellers landing in Beijing will be quarantined for 14 days at their own expense, authorities in the Chinese capital announced on Sunday, as governments around the world introduced new restrictions to contain a coronavirus pandemic. From Monday, everybody entering Beijing from outside the country will be transferred to a central isolation facility for 14 days of observation, Chen Bei, …

Asian stocks and US stock futures tumbled as central banks took sweeping action to blunt the financial impact of the coronavirus outbreak. Italy’s government will meet Monday to pass a new package of measures after deaths jumped by 368 Sunday. The Federal Reserve slashed rates to near zero and the Bank of Japan strengthened stimulus.  Airlines cut flights and could …

Germany’s foreign minister said Monday the rights to coronavirus vaccine research were not for sale, following reports Donald Trump wanted the US to buy exclusive access to a potential vaccine developed by a German biotech firm. The comments, made in an interview to media group Funke, come as scientists raced to develop a vaccine against the deadly coronavirus that has …