COVID-19 Situation Report: May 12, 2021
Taiwan is widely considered successful in managing the COVID-19 pandemic. But it has recently detected seven locally transmitted cases, six of which have been deemed of untraceable origin. Taiwan’s Government is now considering imposing a tighter movement...COVID-19 Situation Report: May 10, 2021
Minister of Health Budi Gunadi Sadikin told the press earlier today that the Government will push toward one million vaccination per day beginning June. Indonesia, Minister Budi said, has already secured enough supply to support an increased national vaccination pace....Banking Update
The Financial Services Authority (OJK) said that banks’ lending or credit grew slightly (moderate growth) in the first quarter (Q1) this year inline with the growing economy. In March, credit grew 8.54% year on year (y/y). Banks under BUKU 1 and BUKU 3 category...Regulatory Journal
The Ministry of Transportation can finally implement the Ministerial Regulation (Permenhub) No. 108/2017 on Mobile-Application-Based Transportation Services after the Supreme Court decided not to examine the judicial review petition filed to challenge the regulation....Corporate Actions to Watch
Asia Pacific Fiber (POLY) has proposed to Finance Ministry to support its debt restructuring, so as the Company will resume the operation of its purified terephthalic acid (PTA) plant. This plant stopped operation in 2015 due burdening operating costs inline with the...Economic Update
Indonesia’s Central Bank (Bank Indonesia/BI) on Tuesday (Nov 7) reported lower reserves assets in October 2017, but remain positive with domestic economic conditions, improved export performance, and conducive global financial market development. Indonesia’s...Teluk Bayur’s Oil Spill
As many as 50 tonnes of Palm Fatty Acid Distillate (PFAD) spilled into the Bayur Bay waters in Padang, West Sumatera, on September 28, 2017. The spill was caused by a leak on the oil tank of PT Wira Inno Mas (Musim Mas Group). Some parties have already asked Wira Inno...