The jakarta post economic

/ June 3, 2020

Indonesia’s economic growth projected at 1 percent in Q2

A corner of Jakarta (Source: Jakarta Post) Jakarta (VNA) - 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. However, Indonesia's economic growth forecast for 2020 will not be as negative as many other countries affected by the COVID-19 pandemic. Sri Mulyani said she is optimistic with the national economic recovery programme (PEN) implemented by the government. According to the Statistics Indonesia (BPS), the local economic growth in the first quarter of this year reached only 2.97 percent due to the impact of COVID-19./. VNA …

/ March 5, 2021

ASEAN Economic Ministers endorse 13 priority deliverables

Officials attend the 27th ASEAN Economic Ministers’ Retreat via videoconference (Photo: VNA) Jakarta (VNA) – The 27th ASEAN Economic Ministers’ Retreat took place on March 2 and 3 via videoconference, ushering the first high-level engagement among ASEAN economic ministers under Brunei’s chairmanship. In its press release, the ASEAN Secretariat said against the backdrop of the ongoing COVID-19 pandemic, the ministers and relevant representatives discussed post-pandemic recovery efforts across the region, progress made in ASEAN’s economic community-building efforts, and ASEAN’s external economic relations. The ministers highlighted the need for greater regional cooperation and collective action to begin the process of gradual economic recovery in ASEAN. Discussions on this included strengthening the resilience of regional value chains and supply chain linkages, harnessing technology to facilitate essential business travels and regional tourism in a safe manner, and committing to unimpeded flow of essential goods across the region. In line with this, the ministers endorsed Brunei ’s 13 priority economic deliverables which focus on recovery, digitalisation, and sustainability. On the ongoing digital transformation and accelerated digitisation taking place in ASEAN due to the pandemic, the ministers emphasised the need to ensure that benefits from digitisation redound to ASEAN’s peoples. ASEAN Secretary-General Dato Lim Jock Hoi underscored the critical need for innovative solutions and capitalising on digital technology to fast track safe reopening of ASEAN’s economies towards recovery. He cited, in particular, leveraging on the travel corridor framework to pursue common health protocols for possible health/vaccines certificates./. VNA …

/ June 4, 2020

Indonesia disburses 3.7 billion USD to support 12 SOEs

Indonesian Finance Minister Sri Mulyani (Photo: https://en.antaranews.com/) Jakarta (VNA) – The Indonesian government has decided to spend 52.5 trillion Rp (about 3.7 billion USD) to help 12 state-owned enterprises (SOEs) resume their post-pandemic operations, towards reviving the national economy, said Finance Minister Sri Mulyani on June 3. The selected SOEs are considered as important contributors to Indonesia's economy, the minister said. The move, which is part of the National Economic Recovery Programme (PEN), came in the context that Indonesia’s economy has been seriously affected by the COVID-19 pandemic. The country's economic activities have been almost completely halted, causing enormous pressure on the national economy. Mulyani said the SOEs will receive direct cash support, and other financial assistance related to fuel, electricity and water for their production activities./. VNA …