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economic-impact

Twenty years on, Lapindo’s economic scars linger
Economy 2 months ago

PREMIUM
Twenty years on, Lapindo’s economic scars linger

According to the Sidoarjo Mudflow Control Center (PPLS), the agency received Rp 287.7 billion in state budget funding in 2025 to manage the disaster. 
Businesses on edge as US-Iran conflict threatens fuel supplies, higher inflation
Economy 4 months ago

PREMIUM
Businesses on edge as US-Iran conflict threatens fuel supplies, higher inflation

To mitigate further impacts, Indonesia is seeking alternative oil import sources outside the Middle East, including from the US.
Indonesia’s economic growth: Between optimism and reality
Academia 1 year ago

PREMIUM
Indonesia’s economic growth: Between optimism and reality

While there are reasons for some optimism, the country needs to do more in terms of reforms and inclusivity to not just drive the domestic economy, but also to become the region’s leader in sustainable development.
Trump's first week: Shaping policies, markets and global reactions
Companies 1 year ago

PREMIUM
Trump's first week: Shaping policies, markets and global reactions

If Trump continues to influence markets with his unpredictable policies, the risk of capital outflows from emerging economies could worsen, ultimately slowing investment inflows for a prolonged period.
Pandemic to keep Asia's growth at lowest since 1967, warns World Bank
Business 5 years ago

Pandemic to keep Asia's growth at lowest since 1967, warns World Bank

The coronavirus pandemic is expected to lead to the slowest growth in more than 50 years in East Asia and the Pacific as well as China, while up to 38 million people are set to be pushed back into poverty, the World Bank said in an economic update on Monday.
IMF official warns coronavirus will weigh on some economies for years
Business 5 years ago

IMF official warns coronavirus will weigh on some economies for years

The coronavirus crisis is lasting longer than expected and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said on Wednesday.
Boost social aid to offset PSBB: Indef
Business 5 years ago

Boost social aid to offset PSBB: Indef

Izzudin Farras of Indef said on Thursday that the lack of a social cushion could pose a risk to the economy, as the capital city accounted for nearly one fifth of Indonesia’s gross domestic product (GDP).
Global recession not as deep as expected: OECD
Business 5 years ago

Global recession not as deep as expected: OECD

The global recession this year will not be as deep as expected as a result of countries' efforts to counter the economic fallout from the coronavirus pandemic, the OECD said on Wednesday.
Russia, hit by coronavirus crisis, considers military spending cuts
World 5 years ago

Russia, hit by coronavirus crisis, considers military spending cuts

Russia is considering cutting spending on the military as low oil prices and the coronavirus crisis have pummeled its economy, a document published by the finance ministry shows.
Jakarta has greatest number of potential wage subsidy beneficiaries
National 5 years ago

Jakarta has greatest number of potential wage subsidy beneficiaries

Some 1,071,414 workers in the capital city are eligible for the subsidy.
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