#contraction

Collection of contraction news, found 352 news.

Indonesian economy in better shape than other countries: minister

Despite contracting 5.32 percent year-on-year (yoy) in the second quarter of 2020, the Indonesian economy is still in a ...

Jokowi lauds Indonesian innovations in fight against COVID-19

President Joko Widodo (Jokowi) has lauded the innovative products developed by Indonesians in the health sector with ...

Industry Minister optimistic on economic rebound in Q3 2020

Indonesia's Industry Minister Agus Gumiwang Kartasasmita said he is optimistic the economy will improve in the ...

Govt bonds to BI have Rp82.1 trillion transaction worth: government

The Finance Ministry unveiled that the four government bonds issued to Bank Indonesia (BI), under private placement, to ...

Jokowi highlights hub, super hub ambitions for RI's eight airports

- that have the potential to become the hub and super hub," President Jokowi stated during a limited meeting on ...

Government's strategy for economic recovery to drive domestic demand

Chairman of the Financial Services Authority's (OJK's) Board of Commissioners Wimboh Santoso believes the ...

BI survey indicates dip in May 2020 retail sales

Bank Indonesia’s (BI's) retail sales survey results for May 2020 indicated a retail sales drop, mirrored in ...

COVID-19 crisis to deepen economic slump in APEC: report

The economic contraction from the coronavirus pandemic in the APEC region is expected to be deeper than previously ...

Government to reduce COVID-19 socio-economic burden on tourism workers

Indonesia's government has pledged to help over 17 thousand tourism workers in North Sumatra currently reeling from ...

Global economy to fully recover in 2022: former Indonesian minister

The world's economic recovery from the twin crises, encumbering several nations worldwide owing to the ongoing ...

News Focus

Balanced approach needed to battle twin health and economic crises

As its coronavirus case count crosses 50 thousand, Indonesia, which has been battling the COVID-19 pandemic since March ...

Riau's businessmen, residents warned for flouting COVID-19 protocols

Some 40 businesspersons and residents in Pekanbaru, Riau Province’s capital, received warning letters from the ...

President Jokowi optimistic ASEAN will overcome COVID-19 pandemic

Indonesian President Joko Widodo (Jokowi) has said he is optimistic that ASEAN will overcome the coronavirus pandemic ...

Global economic crisis is real: Indonesian President Jokowi

Indonesian President Joko Widodo (Jokowi) spoke of being informed of the global economic crisis being a real challenge, ...

COVID-19 handling costs equivalent to 4.2 percent of GDP: Minister

Costs borne by Indonesia’s government to handle the COVID-19 pandemic and subsequent impact, through the economic ...