Category: Industries

Reopening of economic activities (2)

The capital city Jakarta will resume operation of office and restaurants (exclusive of those in the malls) whilst at 50% capacity by Monday (Jun 8). This will be followed by reopening of shopping malls one week later. The mass-rapid transit (MRT) is set to return to normal operation today, while Tanah Abang, the largest textile and garment wholesale market in Southeast Asia, should open soon.

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Companies affected/not affected by Covid-19 (10)

Hand sanitizer is now a must have. Demand skyrockets. It’s good for ethanol producers. One of them, PT Indo Acidatama Tbk (SRSN) admitted to Indonesia Stock Exchange (IDX) that it is positively affected by higher demand for ethanol, main raw material for hand sanitizers. Wonder whether domestic sugar planters would boost ethanol production going forward.

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Construction sector during the pandemic (2)

Ministry of public works and housing said construction works of supporting infrastructure projects in five prioritized tourism destinations (Toba Lake, Borobudur, Mandalika, Labuan Bajo, and Manado-Likupang) have been running us usual without suspension whatsoever during the pandemic. This include construction of roads & bridges, clean water infrastructure, flood control, waste management, and public housing.

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Construction sector during the pandemic (1)

State-owned construction firm Wijaya Karya (WIKA), which develops some toll roads, said on Thursday that out of 208 projects, 13% of them were suspended, while 23% others were in slowdown mode related to physical distancing measures. The company, however, increased its workforce from 3,592 in December 2019 to 4,154 by the end of April 2020.

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Strong performers in Q1/2020 (3)

Consumer goods players performed well in the first quarter of 2020. Pharmaceutical company PT Kalbe Farma Tbk (KLBF), for example, generated sales revenues of Rp5.8 trillion in the quarter, an increase of 8% from the corresponding period last year amidst economic slowdown due to the Covid-19 pandemic.

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Freeport’s Smelter to Operate in 2024

The COVID-19 pandemic has affected many strategic projects in the mining sector, one of which is the construction of PT Freeport Indonesia (PTFI)’s copper smelter. The Smelter is to be built in Gresik, East Java, but it has been halted. It’s now difficult to continue the construction of the Smelter in the Java Integrated Industrial and Port Estate (JIIPE), given the pandemic.

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Budget Reallocation in the Ministry of Agriculture

COVID-19 continues to spread in Indonesia. The number of new positif cases detected has increased along with the Government’s increased PCR testing capacity. It’s unclear how long this pandemic would last, and it’s thus unclear how long the economy would have to be in suspended animation. Logistics for food is now a major concern. The Ministry of Agriculture must work hard to guarantee the security of food stocks. But how prepared are they to do the job?

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First quarter trade susplus

Indonesia recorded trade surplus of US$743 million last month, lifting first quarter 2020’s surplus to US$2.62 billion. The country’s export grew by 2.91% in the first quarter, while import declined by 3.69%. Not bad, given global lockdowns related to Covid-19 pandemic.

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COVID-19: Jakarta Today 

On Sunday, April 12, the Government’s Spokesperson for COVID-19 Achmad Yurianto addressed the public in his daily briefing. Yuri (so the Director General for Disease Prevention is typically called) reassured the public that COVID-19 is curable. But while Yuri is right that COVID-19 is curable, it is also the fact that COVID-19 patients are not recovering fast enough. 

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