The pandemic Covid-19 reduced the turnover of companies with less than 49 workers almost 20% last year and 10% employment in this type of company, above the damage suffered by the larger companies, while at the same time affecting the hostelry, with a drop in sales of 45.5%, and 35% in the case of employment. … Read more
Textile production in a factory in Vietnam. Photo: VNA– Hanoi (VNA) – Experts from British bank Hong Kong and Shanghai Banking Corporation Ltd. (HSBC) estimated that Vietnam has the highest growth rate in Asia in 2020 and will be among the most developed countries in the region again this year. HSBC’s Global Economic Research Division … Read more
Jakarta, CNBC Indonesia – The Central Statistics Agency (BPS) will announce economic growth data seen from the third quarter of 2020 gross domestic product (GDP) at 11:00 WIB, this Thursday (5/11/2020). BPS previously announced a deep economic contraction in the second quarter of 2020. Economic growth in the second quarter of 2020 fell -5.32% compared … Read more
ILLUSTRATION. Minister of Finance Sri Mulyani Reporter: Yusuf Imam Santoso | Editor: Khomarul Hidayat KONTAN.CO.ID – JAKARTA. Minister of Finance (Menkeu) Sri Mulyani Indrawati said Indonesia’s economy in the third quarter of 2020 improved compared to the previous quarter. However, this achievement comes with the consequence of higher costs, namely an enlarging budget deficit. Data … Read more
ILLUSTRATION. The economy of the United States (US) rebounded in the third quarter of 2020 after entering the abyss of recession in previous quarters. Source: Reuters | Editor: Khomarul Hidayat KONTAN.CO.ID – WASHINGTON. United States (US) Economy rebound in the third quarter of 2020 after entering the abyss of recession in the previous quarters. The … Read more
Jakarta, CNBC Indonesia – The International Monetary Fund (IMF) sees that Indonesia’s economic recovery is still very restrained this year. Even the economic recovery this year tends to be like a logo brand apparel Nike. This means that Indonesia’s economic recovery will be slower than the previous estimate which could be in the form of … Read more
Jakarta, CNBC Indonesia – Amid the sad news surrounding Indonesia’s economy, there is still hope. There are signals that public consumption is starting to improve. Quoting the September 2020 edition of the Consumer Survey released by Bank Indonesia (BI), the share of consumer income for shopping or consumption is 68.8%. An increase compared to the … Read more
ILLUSTRATION. Indonesia’s economic growth in 2020 is predicted by the World Bank to contract by 2% Reporter: Yusuf Imam Santoso | Editor: Anna Suci Perwitasari KONTAN.CO.ID – JAKARTA. The World Bank predicts Indonesia’s economic growth throughout 2020 could contract between 1.6% and 2% on an annual basis yoy. This projection is worse than the consensus … Read more
Jakarta, CNBC Indonesia – The economist team of PT Bank Mandiri Tbk (BMRI) said that the domestic economy will only experience a period of recovery in 2021, but it will not improve like the period before Covid-19. Economic growth in the fourth quarter is forecast to be in the position of -3% to 0% before … Read more
Jakarta, CNBC Indonesia – Indonesia is projected to enter the brink of recession after Finance Minister Sri Mulyani Indrawati predicted that Indonesia’s economic growth in the third quarter will still be negative in the range of minus 2.9 percent to minus 1 percent. This means that the national economy contracted for two consecutive quarters. In … Read more