The Senate was to take up the bill next and send it on to Trump, who must sign it for it to take effect.

“An escalation of European COVID-19 restrictions in response to fears around a new variant, which is supposed to be faster spreading, should, and did, of course, elicit a negative reaction from prices via the near-term global growth impact,” said Stephen Innes, Chief Global Market Strategist at Axi.

Publicly listed Bank Permata is set to join the BUKU IV category after its integration with the Indonesian branch of its new parent company, the Thailand-based Bangkok Bank.

One of the largest palm oil associations in Indonesia predicted that 36 million to 37 million tons of palm oil would be exported next year.

The new strain could be up to 70 percent more infectious, the United Kingdom has said, prompting its European neighbours and several other countries including Canada and Iran to close their doors to travellers from the country.

While many businesses are negatively affected by the COVID-19 this year, technology companies are thriving amid the accelerated digital transformation that has prompted a shift in people’s behavior.

Japan’s cabinet approved on Monday a record US$1.03 trillion budget draft for the next fiscal year starting in April 2021, the Ministry of Finance said, as the coronavirus and stimulus spending puts pressure on already dire public finances.

UK Prime Minister Boris Johnson was to chair the COBR emergencies committee on Monday, his office said, after a slew of nations from Sweden to Turkey blocked arrivals from Britain by air.

“Extraordinary times require extraordinary policies and measures,” Finance Minister Sri Mulyani Indrawati said on April 1 as the government scrambled to rescue the economy and handle the pandemic.

The 43.2 trillion rupiah (US$3.07 billion) port in the town of Subang, 140 km east of the capital Jakarta, is one of the government’s priority infrastructure projects.

The Indonesia-Korea comprehensive economic partnership agreement (IK-CEPA) shows stronger bilateral ties between the two countries after both signed the mega Regional Comprehensive Economic Partnership (RCEP) trade deal.

Foreign investors at the local bourse recorded a net sell of Rp 47.05 trillion (US$3.34 billion) so far this year.

Gojek bought a total of 1.96 billion of Bank Jago’s shares, or equal to an 18.02 percent stake in the bank, through PT Dompet Karya Anak Bangsa, which operates payment service GoPay, at the negotiated market.

After the merger is concluded, Bank Syariah Indonesia is expected to hold Rp 214.6 trillion (US$15.24 billion) in assets with a core capital of Rp 20.4 trillion and the bank could become one of the world’s biggest sharia banks by market capitalization by 2025.

Indonesia officially kicked off on Thursday the development of the Rp 1.8 trillion (US$127.24 million) Cirata floating solar power plant in West Java, one of the national strategic projects (PSN), as the government aims to boost the contribution of renewables to the country’s energy mix.

Netherlands-based food manufacturer Verstegen Spices & Sauces is interested in investing Rp 4.2 trillion (US$298 million) to develop the nutmeg industry, particularly in Fakfak regency of West Papua, according to the Investment Coordinating Board (BKPM).

The Public Works and Housing Ministry is offering 25 infrastructure projects worth Rp 278.35 trillion (US$19.7 billion) under public-private partnership (PPP) next year to private investors to plug the cash-strapped budget.

The company founded by Elon Musk becomes part of the Standard & Poor's 500 index on Monday, which means that investment funds based on that index will be holders of the stock.

Oil climbed on Thursday and touched a nine-month high, with traders optimistic about progress toward a US fiscal stimulus deal and record-breaking refining demand in China and India.

Just over two weeks before Britain finally leaves the bloc’s orbit, European Commission President Ursula von der Leyen was also downbeat, saying it would be “very challenging” to overcome the “big differences” that remained.

BI Governor Perry Warjiyo said the central bank was keeping the seven-day reverse repo rate at 3.75 percent, the lowest since the rate was introduced in 2016.

Dozens of US states on Thursday hit Google with its third antitrust suit in as many months, accusing the internet giant of abusing its internet search dominance to eliminate competition.

The World Bank has slashed Indonesia's economic growth projection for this year as the government struggles to control the pandemic.

Based on Bali Governor Circular Letter No. 2021/2020, those entering Bali by air transport are required to present a negative polymerase chain reaction (PCR) test result for COVID-19, at the latest two days prior to the date of departure. Those using other modes of transportation will have to show a negative antigen rapid test result. The regulation will be in effect from Dec. 18 to Jan. 8.

Low-cost carrier AirAsia Indonesia and the Indonesian Hotel and Restaurant Association (PHRI) have inked an agreement to offer promotional rates for flights and hotels to boost demand amid the pandemic-induced downturn.

“We think that it may not be possible to spend 100 percent of the budget this year,” the head of the government’s economic recovery task force said.

Company aims to complete the drilling of two other tunnels over the next two months.

New Zealand roared back from a coronavirus-induced recession with record economic growth of 14.0 percent in the July-September quarter, official data showed Thursday.

That has meant that while Vietnam will fall short of its target of 6.8 percent growth this year, the economy is expected to expand 2.4 percent, which the International Monetary Fund said would be among the best in the world.

In a long-overdue report, the US Treasury also added India, Thailand and Taiwan to a list of countries it says may be deliberately devaluing their currencies against the dollar.