Indonesia Financial Services Authority (OJK) Chairman Wimboh Santoso affirmed that banking liquidity is still normal and the real sector can still survive after the Covid-19 pandemic. “We, the OJK, provide flexibility to entrepreneurs to be able to do relaxation in the calculation categorized as non-performing. If it is non-performing, the room to wiggle is cramped, […]

Social distancing is the fundamental strategy to reduce risks of spreading Coronavirus (COVID-19) in the mitigation of the virus pandemic, according to the Spokesperson for Covid-19 Handling Achmad Yurianto. “Maintain your distance so that virus carried by droplets of a person during coughing, sneezing, and talking will not be transmitted to you. We should maintain […]

In the light of declaration of state of emergency over coronavirus (COVID-19), priorities in the State Budget for 2020 will be revised. It will also be consulted with the Supreme Audit Agency (BPK) beforehand to prevent auditors’ findings in the future, according to Minister of Finance Sri Mulyani. “We will maintain the governance and hope […]

The Government through Ministry of Public Works and Public Housing has set a target to complete constructing 28 toll roads spanning 482 kilometers in 2020. Functional feasibility tests have been conducted to three toll roads and they are ready for operation. The toll roads are, Manado – Bitung Toll Road Section I, Pekanbaru-Dumai Toll Road, […]

The Bank Indonesia (BI) has announced the third stimulus policy, after the first policy was issued on 19 February 2020 and the second was issued on 2 March 2020, according to Governor of the central bank Perry Warjiyo. “The third stimulus policy is in the form of a reduction in interest rates and seven other […]

The Indonesian Government will reallocate Rp62.3 Trillion of the State Budget (APBN) to combat Covid-19, Minister of Finance Sri Mulyani has said on an online press statement, Friday (20/3). The budget, according to the Minister, will be utilized to provide support in three areas, namely healthcare, people’s protection, and aid to the business sector.

Indonesia’s current situation is different from that in 1998 or in 2008 due to the current global financial market, including capital owners worldwide, according to Governor of Indonesian central bank Bank Indonesia (BI) Perry Warjiyo. “Due to rapid spread of the virus to the US and various European countries including the UK, investors and global […]

In a bid to accelerate Covid-19 detection, the Government has announced a plan to perform rapid tests across the country and to provide supporting facilities, President Joko “Jokowi” Widodo has said. President Jokowi delivered his press statement on the current information of Covid-19 mitigation and preventive measures at the Merdeka Palace, Jakarta, Friday (20/3).

President Joko “Jokowi” Widodo said he has ordered relevant ministers and regional governments to refocus their budgets to help the country cope with the ongoing covid-19 pandemic.

In a bid to tackle the economic impact of the coronavirus pandemic, President Joko “Jokowi” Widodo has instructed all Cabinet ministers, heads of institutions, and regional governments to refocus and reallocate the State Budget and regional budgets. “First, cut non-priority budget posts, including for official business trips, working meetings, and non-operational purchases of goods,” President […]