Indonesia's economy contracted in the second quarter for the first time in more than two decades as it was slammed by coronavirus restrictions, with warnings that the recovery could be among the weakest in Southeast Asia.
US Secretary of State Michael Pompeo and Indonesian Foreign Minister Retno Marsudi discussed bilateral defence ties and regional tensions over China’s claim that it owns most of the South China Sea (called the East Sea in Vietnam), the US Department of State said in a readout of the conversation on August 3.
Indonesia recorded 160,280 foreign tourist arrivals in June, down 2.06 percent from the previous month and representing a drop of 88.82 percent as compared to the same month last year, according to the Central Statistics Agency (BPS).
Indonesia is aiming to set up travel corridors with China and the United Arab Emirates (UAE) to help recover business activities which are seriously affected by the COVID-19 pandemic.
Indonesia’s inflation rate in July dropped to the lowest level since 2000 as the COVID-19 pandemic ravages people’s purchasing power, according to Statistics Indonesia’s (BPS).
The Indonesian government has announced that it had revised a 2017 law that will give oil and gas investors more flexibility when choosing their contract options for exploration, according to Reuters.
The Indonesian government is set to provide cash transfers and working capital loans for micro, small and medium enterprises (MSMEs) in its latest bid to boost economic growth amid the COVID-19 pandemic.
The strict lockdown measure has proven effective, helping the Philippines prevent 1.3 million - 3.5 million infections, said Philippine President Rodrigo Duterte.
Indonesia’s Financial Services Authority (FSA) has revised the country’s credit growth down to just 4 percent this year compared to 2019 - far from the initial 11 percent.
As current Chair of ASEAN, Vietnam has shown its competency and leadership in navigating ASEAN at this unprecedented and challenging time, Chief Representative of Indonesia to ASEAN Ade Padmo Sarwono has said.
Indonesia’s economy could contract between 4-4.8 percent in the second quarter of 2020, said Bank Indonesia (BI)’s senior deputy governor Destry Damayanti.
The food and beverage, and basic metal industries continued to make the largest contribution to Indonesia's exports in the manufacturing sector, with 13.73 billion USD and 10.87 billion USD worth of exports, respectively, during the first half of 2020.
Indonesia saw the poverty rate rise to 9.78 percent in March from 9.22 percent last September, with 26.42 million people living below the poverty line as of March, according to Statistics Indonesia (BPS).
Vietnam is increasingly becoming a ‘poster-boy’ of what embracing ASEAN’s ideals and values can bring to the people, head of the ASEAN Studies Program at the Indonesia's Habibie Centre Ahmad Ibrahim Almutaqqi has told the Vietnam News Agency.
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