New Regulations to Support National Economic Recovery

The government revised several regulations for National Economic Recovery programs in Government Regulation No. 43/2020 where one of which stressed that government funds would not be placed in private banks.

Can Additional Salary Ramp Up Consumption?

The government will distribute salary aids to 13.8 million workers. However, data collection and recipient verification only rely on BP Jamsostek.

Ready or Not, Recession Is in Sight

Indonesia's economy contracted 5.3 percent in the second quarter of 2020, worse than the market consensus of 4.72 percent.

Why Did Foreign Investors Flee from the Financial Markets?

A broad foreign sell-offs occurred in the stock and bond markets as concerns over the COVID-19 case keeps growing, especially in Jakarta. Meanwhile, economic growth sees a steeper slump in the second quarter of 2020.

The Slippery Slope of the COVID-19 Restriction Relaxation

The government is facing yet another dilemma. On the one hand, it has to maintain the PSBB relaxation to keep the economy running. Unfortunately, the positivity rate of COVID-19 PCR tests is way above the WHO's safe limits.