Jakarta, CNBC Indonesia – The Indonesian Listed Companies Association (AEI) predicts that the national economic growth in the third quarter will be minus 2%, slightly better than the contraction in the previous quarter, 5.32%. The contraction in economic growth was due to the fact that the business world, especially listed companies on the Indonesian Stock Exchange (IDX), were still affected by the Covid-19 pandemic.
The Indonesian Listed Companies Association (AEI) said that currently the financial performance of issuers will be heavier, especially in sectors directly affected by the pandemic, such as issuers from the hotel, aviation, tourism to restaurants sector.
“The economy in the third quarter will be around minus 2%, the conditions of issuers that are directly affected and cannot run their business activities will worsen,” said Deputy Chairman of the Indonesian Listed Companies Association, Bobby Gafur Umar when contacted by CNBC Indonesia, Monday (21/9/2020) in Jakarta.
The Covid-19 pandemic in Indonesia, said Bobby, was getting worse with an average daily case of 4,000 cases per day, which triggered the DKI Jakarta Province to reintroduce a large-scale social restriction (PSBB) policy.
“The condition of Covid is actually getting worse and secondly, Jakarta has decided on the PSBB. This will have a major impact on the Indonesian economy as a whole, it is inevitable,” said the Deputy Chairman of the Chamber of Commerce and Industry in the Energy, Oil and Gas Sector.
The Central Bureau of Statistics (BPS) previously published the results of the latest research on the impact of the Covid-19 pandemic on business actors conducted by BPS in the period 10-26 July 2020 with a total of 34,559 business actors from various sectors.
In the study, it was stated that as many as 82.29% of Medium and Large Enterprises (UMB) experienced a decrease in income, while Micro and Small Enterprises (MSEs) recorded a decrease in income of 84.20%.
Some of the most affected business sectors were in the accommodation and food and drink sectors at 92.47%, other services 90.90%, as well as transportation and warehousing 90.34%.
According to the Head of BPS Suhariyanto, of these respondents, around 19% of business operators estimate that they will be able to survive a maximum of 3 months. 25.94% stated that it was more than 3 months and 55.32% said they did not know.
“This means that 42% of business actors can survive a maximum of 3 months. The situation is rather worrying,” said Suhariyanto.
(hps / hps)
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