Indonesia enters first recession since 1998 World

Indonesia enters first recession since 1998

Indonesia has officially entered its first recession since the 1998 Asian financial crisis as its economy contracts again in the third quarter of this year, albeit at a slower pace.
Indonesia helps tourism sector weather COVID-19  ASEAN

Indonesia helps tourism sector weather COVID-19

Indonesia’s Minister of Tourism and Creative Economy Wishnutama Kusubandio recently vowed to disburse an aid package worth 3.3 trillion IDR (224 million USD) for tourism-related businesses and local administrations.
Indonesia: Jakarta eases large-scale social restrictions World

Indonesia: Jakarta eases large-scale social restrictions

Jakarta capital of Indonesia has begun easing large-scale social restrictions (PSBB) over two weeks since October 12, following a slowdown in the growth of new COVID-19 infections after a partial lockdown was re-imposed in the city on September 14.
Indonesia’s economic growth projected at 1 percent in Q2 ASEAN

Indonesia’s economic growth projected at 1 percent in Q2

Indonesia's economic growth in the second quarter of 2020 is expected to be much lower than that of the first quarter, only about 1 percent due to the large-scale social restrictions (PSBB) imposed nationwide, said Finance Minister Sri Mulyani at an online press conference on June 3.
Indonesia’s car export predicted to halve in 2020 World

Indonesia’s car export predicted to halve in 2020

Indonesia’s car exports are forecast to drop by 50 percent in 2020 due to large-scale social restrictions amid the COVID-19 pandemic, according to Association of Indonesian Automotive Manufacturers (Gaikindo).
Indonesia extends large-scale social restrictions World

Indonesia extends large-scale social restrictions

The Indonesian Government has decided to extend the area of the large-scale social restrictions to West Java, the most populous province in the country, as the number of COVID-19 cases there spikes.