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Besides imposing restrictions and offering stimuli to affected people and businesses, the Indonesian government made another important decision with reference to the coronavirus (COVID-19) outbreak. Through Presidential Decree No. 12/2020 on the Determination of COVID-19 as a Non-Natural Disaster, signed by President Widodo on 13 April 2020, the novel coronavirus was declared a ‘national disaster’.
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The first of May is celebrated as International Labors’ Day which should be a tribute to workers’ contributions to the flourishment and well-being of a country’s economic growth. However, today, there are more than 2 million workers in Indonesia being laid off and placed on furlough due to economic disruption caused by COVID-19 outbreak.
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The only trade exhibition in the children, baby, maternity industry is coming again in Indonesia. After its very successful event in 2019 when it attracted more than 3,000 visitors and brought together more than 120 brands from all over the world, CBME (Children, Baby, Maternity Expo) Indonesia will be held again for the 2nd edition at the Jakarta International Expo (JIExpo) on 9-11 September 2020. CBME is also held in other countries, such as in China, Turkey, and India.
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After the surprise in February 2020 (when – contrary to expectations and in stark contrast to the global trend – manufacturing activity in Indonesia soared), matters turned normal in March 2020. In line with expectations, Indonesia’s manufacturing production and new orders contracted at record rates in March, making companies decide to cut back sharply on their purchasing activity and input inventories. Business conditions in fact deteriorated at a rate not seen before in the history of the Purchasing Managers’ Index (PMI) survey.
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Pendapat yang diungkapkan di bagian ini adalah pandangan penulis pribadi atau orang yang diwawancarai dan tidak mencerminkan pandangan Indonesia Investments. Para penulis bebas untuk mengemukakan pendapat mereka menyangkut iklim sektor bisnis di Indonesia. Fakta yang disajikan di dalam kolom ini adalah hasil penelitian penulis sendiri atau diambil dari sumber yang ditunjukkan, baca ketentuan umum.