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Opinion 5 years ago
Indonesia will emerge out of pandemic highly indebted. Every rupiah counts
The government has plans for Rp 436 trillion spending to contain COVID-19, focusing on health care, the social safety net and business-rescue programs. Thus, the government will become the biggest spender during the economic crisis as businesses and consumers mostly tighten their belts.
Business 5 years ago
Government scraps plan of issuing $30 billion worth of ‘pandemic bonds’
The government had planned in early April to raise Rp 450 trillion (US$30.05 billion) in “pandemic bonds” on top of issuing Rp 549.6 trillion worth of sovereign debt papers, according to Presidential Regulation No. 54/2020 on the state budget revision.
Business 5 years ago
Bank of Japan expands stimulus again as pandemic pain deepens
The Bank of Japan expanded monetary stimulus on Monday and pledged to buy unlimited amount of bonds to keep borrowing costs low as the government tries to spend its way out of the deepening economic pain from the coronavirus pandemic.
