Vietnamplus

A fire broke out on a crude oil tanker docked at the Waruna Shipyard at Belawan port in Indonesia's North Sumatra province on May 11 morning.

Indonesia is finalising a financial bailout plan worth 1 billion USD for the national flag carrier PT Garuda Indonesia to help it avoid bankruptcy after the COVID-19 pandemic forced the airline to ground most of its planes.

The Thai government will soon launch a COVID-19 contact-tracing app as part of its latest efforts to contain the spread of the novel coronavirus (SARS-CoV-2) and regularly organise virus testing for six risk groups in the context that the country is gradually easing restrictions.

The issuance of corporate bonds in Indonesia will likely decline this year as many companies shelve plans to seek funding because of unfavorable global economic conditions, analysts have said.

The Asian Infrastructure Investment Bank (AIIB) will allocate a total of 1 billion USD in loans to help Indonesia in its COVID-19 response.

The Indonesian Health Ministry on May 9 confirmed 533 new COVID-19 cases, the biggest daily rise so far, raising the tally to 13,645.

Smog from forest fires in Indonesia could complicate the country's efforts to fight the COVID-19 pandemic, as its government has no contingency plan for additional respiratory diseases, local health experts warned on May 8.

Indonesia’s central bank has obtained permission to purchase about 42,000 billion rupiah (166.33 billion USD) worth of government bonds in the primary market in 2020, said Finance Minister Sri Mulyani Indrawati.

Thailand’s Prime Minister Prayut Chan-o-cha has announced that both public and private sectors should strictly apply social-distancing measures once the lockdown is lifted or restrictions will be applied again.

The Bank Indonesia (BI) on May 6 committed extra efforts to bolster the economy in the context that the country’s economic growth is forecast to weaken 0.4 percent in the second quarter due to coronavirus containment measures.

A 6.8 magnitude earthquake jolted Indonesia’s Banda Sea on late May 6, but there was no tsunami warning issued, according to the US Geological Survey (USGS).

Indonesia plans to offer 886 trillion rupiah (57.16 billion USD) worth of government bonds in the last three quarters of this year after collecting 221.4 trillion rupiah from auctions in the first quarter.

The Indonesian government will broaden its loan interest subsidies as part of a debt relief programme for those affected by COVID-19.

Indonesian President Joko Widodo has signed a law on postponing the 2020 regional elections, which were scheduled for September, due to the COVID-19 outbreak.