Business

Business

Finance Ministry and Bank Indonesia agreed on $40 billion burden-sharing scheme

The central bank will bear a large chunk of state debt loads through a “burden-sharing” scheme worth Rp574.59 trillion (US$ 40 billion).
EV
Elisa Valenta 2 days ago . 2 min read
Business
Surviving The Corona, Preparing the Post
COVID-19 outbreak is putting the world in the middle of a global crisis – perhaps, the worst in the past two decades. For humankind, the pandemic is a war against humanity. While for businesses, the crisis is a shifting factor to the market as an impact o
CS
Columnist Section 1 month ago . 2 min read
Business
Indonesia's inflation edges down in May
Indonesia posted its lowest inflation in almost two decades last month as the COVID-19 outbreak continues to suppress demand.
EV
Elisa Valenta 1 month ago . 1 min read
Insights

Insurance Industry Hit-Hard in COVID-19 Pandemic

By Elisa ValentaLike other businesses, the insurance industry is vulnerable to the coronavirus pandemic and the slowdown in global economic growth. The Financial Authority Services (OJK) noted that the growth trend of insurance, particularly life insurance, premium has decreased in the first quarter this year.Life-insurance premium income slumped 13.8% compared to the same period last year. Meanwhile, general insurance premium income still managed a slight growth of 3.65% year-on-year, which is a significant drop compared to 15.65% growth in full year 2019. In total, as of March, the insurance industry collected Rp17.5 trillion of premium income, a 7.51% contraction
EC
Ester Christine Natalia 2 months ago . 1 min read
Insights
Commercial airlines resume flights amid PSBB
Commercial operations are allowed to serve domestic routes, with safety measure and seating adjustment for passengers.
MP
Marella Putri 2 months ago . 2 min read
Insights
Global bonds expands FX reserves, more room to protect rupiah amid COVID-19
One of the global bonds issued by the government was Asia's longest-dated dollar bond of $4.3 billion which was issued last month
MP
Marella Putri 2 months ago . 1 min read
Insights
Indonesia's economy grew at its weakest pace since 2001 in 1Q-2020
The 2.97% growth is far lower than many projections, and the slowdown is predicted to drag to the second quarter.
MP
Marella Putri 2 months ago . 1 min read
Insights
Sukuk Market will Drop
By Elisa ValentaThe sharia bond (Sukuk) market will see a significant drop in issuance this year due to lower oil price and coronavirus pandemic. The
EC
Ester Christine Natalia 2 months ago . 2 min read
Insights
Jokowi called for immediate debt relief for developing countries
Jokowi emphasizes to all NAM countries member at the High Level Meeting to solidify unity against COVID-19 pandemic and asks equal access to coronavirus medicine for developing countries.
MP
Marella Putri 2 months ago . 1 min read
Insights
Inflation rate in April stood at 0.08%
BPS noted lower demand for goods and services a result of a slowdown in economic and social activities upon implementation of large-scale social restrictions (PSBB)
MP
Marella Putri 2 months ago . 1 min read
Insights
Tax incentives introduced to mitigate COVID-19 impact
The government has extended tax incentives to help more manufacturing sectors, relieve loans for SMEs and income taxes, and more.
MP
Marella Putri 2 months ago . 1 min read