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The Covid-19 pandemic that comes with falling commodity prices and financial market turmoil will have bad implications for the Indonesian economy.
Jokowi asks Bank Indonesia to focus its efforts in maintaining the stability of rupiah in the midst of financial turmoil caused by the Covid-19.
CORE research director Piter Abdullah said the ongoing coronavirus pandemic might generate a significant impact on Indonesia's economy.
Religious Affairs Minister Fachrul Razi said religious tolerance and harmony played a significant role in the country's economic growth.
Bank Indonesia official said that the stimulus applied by the government will prevent the effects of the global economic pressure.
President Jokowi is giving all ministries and agencies until the end of February to meet their budget spending targets.
The World Bank Managing Director Mari Elka projected that the coronavirus crisis could drag Indonesia's economic growth to below 5 percent.
Finance Minister Sri Mulyani opined that the ongoing global uncertainty since 2019 is attributable to men-made policies.
Jokowi asked Indonesians to be thankful for the country's economic growth that remained barely over 5 percent.
Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan said the omnibus law on job creation would increase labor absorption
A presidential spokesman Fadjroel Rachman claimed the omnibus law on job creation would boost the economic growth to 5.7-6 percent.
Former vice presidential candidate, Sandiaga Uno, is optimistic that Indonesia's economy can grow better this year.
SBY suggested the government of President Joko "Jokowi" Widodo take two major steps to maintain economic growth.
National Development Planning Minister Suharso Monoarfa proposed three regions to be named as the international fish market in a bid to boost growth.
Bank Indonesia stated that one of the strategies to boost the country's economic growth is through the availability of adequate infrastructures.
Finance Minister Sri Mulyani Indrawati said the government focuses on strategies to create a supportive investment climate.
Right now, Indonesia has a GDP of just US$1 trillion.
Finance Deputy Minister Suahasil Nazara considered the national economic growth at 5.02 percent a form of national resilience amid global uncertainty.
Bank Indonesia (BI) recorded some Rp12.03 trillion in foreign capital has flown into Indonesian markets within the past week.
Manpower Minister Hanif Dhakiri has inked a circular letter on the minimum wage of provinces (UMP) and regencies/cities (UMK) in 2020.
