Donald Trump, the outgoing president of the United States, will leave Washington with $ 500 million less in his fortune, given the day he first stepped into the White House. According to Bloomberg’s millionaire index, Trump would have a fortune valued at $ 3 billion in 2016, and ends his term with a fortune of … Read more
The tech giants in China have already lost nearly $ 260 billion in market value in the past two days, after Beijing moved forward with legislation to limit the growing power of these listed companies. Alibaba, Tencent, JD.com, Meituan and Xiaomi all slide up to 8%, after sinking in the previous session. Alibaba lost 9.80% … Read more
ILLUSTRATION. Chairman of the Indonesian Employers’ Association (Apindo) Hariyadi Sukamdani Reporter: Yusuf Imam Santoso | Editor: I knew Laoli KONTAN.CO.ID – JAKARTA. The Investment Coordinating Board (BKPM) noted that during January-October 2020 the number of applicants for business registration number (NIB) was 1 million. Data Online Single Submission (OSS), a portal owned by BKPM shows, … 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
ILLUSTRATION. BOJ Governor Haruhiko Kuroda. REUTERS Source: Reuters | Editor: Herlina Kartika Dewi KONTAN.CO.ID – TOKYO. The Bank of Japan will maintain a massive stimulus program on Thursday (29/10) and vowed to take further action if the economic collapse caused by the coronavirus shock threatens deflation. But analysts say the prolonged rising costs of easing … Read more
ILLUSTRATION. Bank Indonesia’s logo is seen at Bank Indonesia headquarters in Jakarta, Indonesia, September 2, 2020. REUTERS / Ajeng Dinar Ulfiana Reporter: Venny Suryanto | Editor: I knew Laoli KONTAN.CO.ID – JAKARTA. The results of the Business Activity Survey (SKDU) conducted by Bank Indonesia (BI) show that the pressure on the increase in selling prices … Read more
ILLUSTRATION. Officers serve residents who do tax processing at the Sudirman Tax Office, Jakarta, Tuesday (25/08). Reporter: Yusuf Imam Santoso | Editor: I knew Laoli KONTAN.CO.ID – JAKARTA. The government has given relaxation on the exemption of income tax (PPh) on dividends. The provisions as in the Omnibus Law Cipta Kerja Law Plan (RUU) which … 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
ILLUSTRATION. Chinese President Xi Jinping May 3, 2020, screenshot TV. Source: Reuters | Editor: Yudho Winarto | KONTAN.CO.ID – BEIJING. Chinese President Xi Jinping emphasized that the bamboo curtain country’s economy remains resilient despite increasing external risks. Besides, China has many policy tools available in Beijing, Saturday (19/9). The world’s second largest economy continues to … Read more