Indonesia’s real estate revenue down 70 percent World

Indonesia’s real estate revenue down 70 percent

Secretary General of the Association of Housing Development of Indonesia (Peurmahan) Daniel Djumali has announced that revenue in the country’s real estate market this year has slumped by 70 percent year-on-year due to the COVID-19 pandemic.
Indonesia raises budget deficit to 6.34 percent of GDP World

Indonesia raises budget deficit to 6.34 percent of GDP

The Indonesian Government widened the state budget deficit to 6.34 percent of the gross domestic product (GDP), or 1,039.2 trillion IDR (73.28 billion USD), in the revised state budget 2020, from earlier 5.07 percent, or 852.9 trillion IDR.
Indonesia disburses 3.7 billion USD to support 12 SOEs World

Indonesia disburses 3.7 billion USD to support 12 SOEs

The Indonesian government has decided to spend 52.5 trillion Rp (about 3.7 billion USD) to help 12 state-owned enterprises (SOEs) resume their post-pandemic operations, towards reviving the national economy, said Finance Minister Sri Mulyani on June 3.