Indonesian Minister of Finance Sri Mulyani has announced that Indonesian Government has issued electronic global bonds worth US$4.3 billion in three series, namely RI1030, RI1050, and RI0470. The RI1030 is worth US$1.65 billion with a global yield of 3.9% and the tenure of 10.5 years which will be due on 15 October 2030. The RI1050 […]

Social safety net program must be conducted thoroughly to ensure that people can meet their basic needs and support health measures taken by the Government including the Large-scale Social Restrictions (PSBB), according to Minister of Finance Sri Mulyani. “Minister of Social Affairs has mentioned before that in the package, Rp110 trillion of budget is allocated […]

Minister of Health Terawan Agus Putranto has approved the implementation of Large-Scale Social Restrictions (PSBB) in Jakarta. The decision was made with the issuance of Minister of Health Decision Number HK.01.07/Menkes/239/2020 on 7 April 2020. The implementation of PSBB in Jakarta is expected to accelerate the handling of COVID-19. The Minister stated that Jakarta experienced […]

The Government has been implementing several safety net programs amidst the ongoing COVID-19 outbreak, according to Minister of Social Affairs Juliari P. Batubara. The programs, the Minister said, are as follows: First, the Family Hope Program (PKH). The beneficiaries of the program have increased from 9.2 million beneficiary families to 10 million beneficiary families, with […]

Amidst the ongoing COVID-19 outbreak, the Government has renewed commitment to protect the people against the impacts of the outbreak and to maintain people’s purchasing power, particularly the disadvantaged in rural areas. To that end, the Government has issued two programs, namely the social protection program and the cash intensive-labor program. “The programs are aimed […]

Amid the ongoing COVID-19 outbreak, the Government continues to strengthen the social safety net program. President Joko “Jokowi” Widodo on Tuesday (7/4) during a limited meeting on the Distribution of the Social Safety Net Program through a Video Conference from the Merdeka Palace, Jakarta said the program should meet the target that has been set […]

Cash Labor-Intensive Program must be maximized to assist the people as well as their purchasing power in time of COVID-19, Coordinating Minister for Economic Affairs has said. “As we do for Ministry of Public Works and Public Housing, Ministry of Transportation, Ministry of Agriculture, Ministry of Maritime Affairs and Fisheries, Ministry of Villages, we also […]

The Government has announced three main priorities for the allocation of village funds amid the ongoing COVID-19 outbreak. According to Minister of Villages, Disadvantaged Regions Development, and Transmigration Abdul Halim Iskandar, the three priorities are as follows: First, prevention and control of COVID-19 outbreak in villages. Second, village cash for work programs, which are provided […]

The Central Government has prepared funds amounting to Rp110 trillion for social safety net program for low-income families in the hope of helping them fulfill their basic needs and maintaining purchasing power following COVID-19 outbreak. “The Government has increased the number of families in the Family Hope Program (PKH) from 9.2 million to 10 million […]

Amid the ongoing COVID-10 pandemic, Indonesia is projected to still manage to post a positive economic growth this year,  according to the International Monetary Fund (IMF) and the World Bank. “Economic projections for Asia from two financial institutions—the World Bank and the IMF—show that only three countries are estimated to grow above 0% or post […]