Current account deficit conditions experienced by Indonesia still make the rupiah exchange rate vulnerable to turmoil.
To finance the program, the government will issue bonds to be purchased by Bank Indonesia. The Bank Indonesia Act actually prohibits BI from buying government bonds in the primary market. But with Perppu No. 1/2020, the regulation was revoked.
The Indonesian government plans to revoke partial lockdown - the so-called Large-Scale Social Restrictions (PSBB) - which are now in effect in several provinces and cities.
Despite the controversy and rejection against the revision bill on Mineral and Coal Law No. 4/2009, DPR and the government continued to carry out discussions.
The central government has not been optimally coordinating with the regional governments in handling the pandemic.
The government has already spent Rp 158 trillion worth of stimulus to mitigate the economic impact of the Covid-19 epidemic. Such an effort does not seem to have a desirable effect. Will it lead to massive layoffs?
Considering the government did not have any clear mitigation plan, the retailers would be the next victim of the Covid-19.
The government opens opportunities for private companies, both domestic and foreign, to manage state-owned properties and state-owned enterprises with a limited concession scheme.
The Omnibus Bill on Job Creation will cement and enhance the authority of the central government and the president.
The Investment Coordinating Board is getting more power. It is now allowed to grant tax holiday, the authority previously held by the Finance Ministry.