Indonesia, Covıd-19, Economy

Indonesia, Covıd-19

Indonesia's virus-hit economy contracts for first time in two decades

Indonesia's virus-hit economy contracts for first time in two decades

5/8/2020 9:18:00 AM

Indonesia 's virus-hit economy contracts for first time in two decades

JAKARTA: Indonesia 's economy contracted in the second quarter for the first time in more than two decades as it was slammed by coronavirus ...

Governments around the world have been struggling to contain the deadly disease, which essentially forced governments to shut down the global economy in the second quarter.Last month, Indonesia's central bank cut interest rates for the fourth time this year in a bid to boost the struggling economy.

Tighter COVID-19 measures important as Singapore is on a 'knife’s edge': Lawrence Wong Alleged racist attack: Racism, xenophobia will become normalised if Singapore is not careful, warns Shanmugam 13 new community COVID-19 cases, including 7 linked to Changi Airport cluster

Indonesia has announced a stimulus package worth more than US$48 billion to help offset the impact of the virus, which forced a large-scale shutdown that hammered growth, including in the key tourism sector.The archipelago, home to nearly 270 million people, has been easing movement restrictions in a bid to head off economic collapse but COVID-19 infections are mounting, with cases topping 115,000 with and more than 5,300 deaths.

Read more: CNA »

1.8 million people have received at least one dose of COVID-19 vaccine: Health minister

A total of 1.2 million people have completed the full vaccination regimen, says Mr Gan Kim Yong.

Indonesia economy shrinks for first time since 1999, by sharper-than-expected 5.3%JAKARTA (REUTERS) - Indonesia 's economy contracted for the first time in over two decades in the second quarter as efforts to contain the new coronavirus dealt a blow to consumer demand and business activity in Southeast Asia's largest economy.. Read more at straitstimes.com.

NDP 2020: Maritime sail-past returns after 20 years in tribute to frontline workersSINGAPORE: This year’s National Day Parade will feature a maritime sail-past for the first time in two decades as a tribute to Singapore’s ...

Spirit posts second straight quarterly loss as virus hits aero parts demandAirplane parts maker Spirit AeroSystems Holdings Inc reported a loss for the second straight quarter on Tuesday, as its main customers Boeing Co ...

SGX to launch first two international Reit futures, in Asian firstTHE Singapore Exchange (SGX) is set to launch two international real estate investment trust (Reit) futures products, based on indices tracking Reits listed in Singapore, Hong Kong, Malaysia and Thailand. These products will be the first international Reit futures in Asia. Read more at The Business Times.

Australia's Victoria state to deploy military, impose hefty fines to enforce COVID-19 isolationAustralia's second-most populous state Victoria said on Tuesday anyone who has contracted COVID-19 and caught outside their home in breach of ...

UOB launches digital bank TMRW in IndonesiaUNITED Overseas Bank (UOB) on Monday launched its digital bank TMRW in Indonesia . Read more at The Business Times.