Economy



  • Post Projects Fever
    Economy

    Post Projects Fever

    Rekayasa Industri’s portion in the consortium of TPPI’s olefin refinery megaproject is reportedly being eroded. The company’s poor financial performance report is to blame.

  • Ups and Downs over Olefin Refinery
    Economy

    Ups and Downs over Olefin Refinery

    Pertamina finally selected winners of the bid for the TPPI olefin refinery megaproject after months of uncertainty. It leaves behind embers of a dispute between the boards of commissioners and the directors over alleged irregularities in the project planning.

  • Neck-Deep in Lawsuits
    Economy

    Neck-Deep in Lawsuits

    Companies listed at the Indonesia Stock Exchange, including state-owned enterprises, are dragged into lawsuits for delaying debt repayment and bankruptcy due to their thinning pockets during the pandemic.

  • Loose Cannon for Banks
    Economy

    Loose Cannon for Banks

    Indonesian banking gives a mixed response over plans for bankruptcy and debt payment postponement moratoriums. The OJK is pushing for a credit restructuration relaxation.

  • Pursuing Anti-Bankruptcy Law
    Economy

    Pursuing Anti-Bankruptcy Law

    The Indonesian Employers Association (Apindo) is asking the government to impose a moratorium on filing petitions for bankruptcy and debt payment postponement (PKPU). This could be a field day for bad debtors.

  • IMF Ammunition is not Enough Protection
    Market Pulse

    IMF Ammunition is not Enough Protection

    The key question is: would the additional ammunition from the IMF be enough to keep Indonesia’s financial market safe when the tapering shock arrives?

  • A Comfortable Debt Trap for Banks
    Market Pulse

    A Comfortable Debt Trap for Banks

    So even as the economy falls into ruin because of the pandemic, banks are still raking in profits. Meanwhile, the government is straining under its weight.

  • Calculating the Risk of a Tantrum
    Market Pulse

    Calculating the Risk of a Tantrum

    When the global market is in a rout, Indonesia’s Achilles heel lies in its government bonds market. The hardest shocks potentially start here. Foreign investor’s move to sell their Indonesian government bonds—“flight to safety” move—is the trigger.

  • Indonesian Gamers Splurge Trillions of Rupiah on Games
    Economy

    Indonesian Gamers Splurge Trillions of Rupiah on Games

    How much do Indonesians spend to play games? Rp30 trillion in just half year. The game industry has never been so appetizing.

  • Still Losing
    Economy

    Still Losing

    Local game developers and publishers struggle to deal with the onslaught of high-budget global games. The government cooperates with international veterans.

  • ASDP Indonesia Ferry Needs a  Friend for a Change
    Economy

    ASDP Indonesia Ferry Needs a Friend for a Change

    Numerous transportation companies are having a difficult time due to mobility restrictions during the Covid-19 pandemic. ASDP Indonesia Ferry is among those facing the challenge. In May 2020, the ferry operator lost Rp71 billion a month. ASDP Chief Executive Officer (CEO) Ira Puspadewi acts quickly to implement various efficiency moves, particularly through digitization of passenger service.

  • Local Games, Global Quality
    Economy

    Local Games, Global Quality

    The Indonesian game industry grows rapidly during the Covid-19 pandemic. The number of gamers also increases. The pandemic opens up opportunities for local games to enter the international market at a low cost.

  • The Enticement of Coal Prices
    Economy

    The Enticement of Coal Prices

    Coal mining industry is not concerned with the government’s plan to shut down steam power plants. High demand and high prices for coal are the driving factors. This report on the dilemma of the electricity and coal businesses was done with the support of the Judith Neilson Institute.

  • Steam Power Plants Running on Fumes
    Economy

    Steam Power Plants Running on Fumes

    The shortage of coal supplies to PLN electricity generators leads to export bans for 34 companies. Accusations fly as coal prices rise. This report on the dilemma of the electricity and coal businesses was done with the support of the Judith Neilson Institute.

  • PLN’s Problems in the Pandemic
    Economy

    PLN’s Problems in the Pandemic

    PLN is trying everything to stay out of the financial crisis. It is caught between ambitious government projects, electricity purchase arrangements, and the impact of the pandemic. This report on the dilemma of the electricity and coal businesses was done with the support of the Judith Neilson Institute.

  • Some Investors Turn to Crypto
    Economy

    Some Investors Turn to Crypto

    In the midst of turmoil from the Covid-19 pandemic, cryptocurrencies are being recognized as commodity subjects. Futures exchanges are also preparing a physical market for digital gold. An interview with the Jakarta Futures Exchange Chief Executive Officer Stephanus Paulus Lumintang.

  • Discipline to Keep the Bond Market Save
    Market Pulse

    Discipline to Keep the Bond Market Save

    The resolution of the government to put the brakes on 2022’s budget deficit brings relief to the market.

  • The Threats of Mounting Corporate Debt
    Economy

    The Threats of Mounting Corporate Debt

    The banking sector is on alert after the emergence of increased credit risk in the corporate segment. In order to mitigate the decline in credit quality, banks are scrambling to form adequate reserves. Additionally, efforts to provide credit relief or restructuring to corporations affected by the pandemic will continue.

     

     

  • Retail Industry’s Fight for Life
    Economy

    Retail Industry’s Fight for Life

    Wholesalers are optimizing sales via online marketplaces as the retail industry gasps for air amid the emergency public activity restrictions. Meanwhile, small ones can only wait as their clocks tick.

  • In the Face of Death by Hunger
    Economy

    In the Face of Death by Hunger

    The pandemic causes millions of Indonesians to cascade into poverty. More are mere inches away from stepping into the same abyss.

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