#contraction

Collection of contraction news, found 350 news.

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 ...

Indonesia misses state revenue target by 37.7 percent in May

Indonesia posted state revenue of Rp664.3 trillion in the 2020 state budget as of May 31, or 37.7 percent of targeted ...

Fundamentals of Indonesia's economy still good amid outbreak: CORE

The fundamentals of Indonesia’s economy are still relatively good overall amid the COVID-19 pandemic, according ...