Indonesia's economy is likely to begin recovering in the last quarter of 2020 before the growth accelerates in 2021 with an expected expansion of between 4.5 and 5.5 percent, according to Indonesian Finance Minister Sri Mulyani Indrawati.
Finance Minister Sri Mulyani Indrawati. (Photo: //www.nst.com.my/)
Jakarta (VNA) – Indonesia's economy is likely to begin recoveringin the last quarter of 2020 before the growth accelerates in2021 with an expected expansion of between 4.5 and 5.5 percent, according to IndonesianFinance Minister Sri Mulyani Indrawati.
Due to the COVID-19's impacts, the country's economy would be under extreme pressure inthe second and third quarters of 2020 when it would likely grow by minus 2percent, the minister said.
Thegovernment will focus efforts on raising the resilience of businesses andattracting investors to put their capital in Indonesia, according to the minister.
Indonesiawould also join hands with other countries in efforts to deal with the economicmeltdown due to the disease that has been spreading worldwide.
To help the government contain the national economic slowdown, thecentral bank, Bank Indonesia, has taken several measures including trying to maintain its foreign exchange reserves which are expected to be used forintervention in the financial market so as to prevent the rupiah from devaluating during this difficult time.
For the time being, only manufacturing industry receives taxincentives, but the government will give the same treatment to 11 moreindustries including transportation, hotel business andtrade.
The Indonesian currency was up by 1.12 percent to15,465 per one USD on April 17, compared to 15,640 rupiah against the greenback on the previous day./.
Indonesia has overtaken Japan to become the world's third-biggest aviation market as airlines continue to reduce passenger capacity because of the COVID-19 pandemic, according to OAG Aviation Worldwide.
Indonesian Minister of Tourism and Creative Economy Wishnutama Kusubandio has revised down the number of foreign tourists to Indonesia in 2020 from 16 million to 5 million amid the spread of COVID-19.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
Finance Minister Sri Mulyani Indrawati. (Photo: //www.nst.com.my/) 
